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There was a time when the low rise building in sunny suburbia ruled as the natural habitat of entrepreneurship and innovation, with Silicon Valley as the paradigm.
That model of innovation is rapidly changing across the globe. In its place is a Jane Jacobs overlay, a community where the entire innovation ecosystem — a mash-up of scientists, entrepreneurs, students, investors, marketers and more — shows up for work every day, and collaborates in unpredictable ways. It’s a change that smart cities and governments around the world are embracing to fuel economic growth.
Meric Gertler is the President of the University of Toronto. Ilse Treurnicht is the CEO of MaRS Discovery District.