yedlin: mars shows importance of long-term thinking - energy storage companies

TORONTO —
Thursday's provincial budget brought a tone of cautious optimism, giving Alberta a lot of hope, all overlapping the reality of growing debt and deficits.
It plans to restore its balanced budget by 2023, provided that it has little impact on the following results: increasing Alberta's oil export capacity through the new pipeline.
Announced by Cenovus
On budget day, not less-
Due to the wide pricing differences between WTI and Select in Western Canada, the reduction in its oil sands production has made the need to successfully close pipeline documents even more urgent.
But Alberta is the dependent variable in this equation: relying on Ottawa to do what is necessary to ensure the occurrence of Trans-Mountain expansion.
A very smart business executive in Toronto, who also teaches at the Shu Ridge Business School, said he met two types of students --
Those who are defeated by complex problems before trying to solve them, and those who recognize challenges but move forward without fear.
Alberta should be the second student.
Lessons learned in Toronto
Evidence based on medicine and related science suggests that a successful outcome is possible as long as there is enough perseverance, determination and ability to solve problems.
The Mars launch is challenging, and the funding needed to build a second tower in downtown Toronto is key.
The Ontario government actually provided $0. 317 billion in assistance for the project.
But today, we are going into Mars to witness a dynamic collective that 200 organizations call home.
Meetings are held in public places, and entrepreneurs and innovators are packed with offices. In 2000, Dr.
John Evans put forward the idea of creating an innovation center that focuses on the development and commercialisation of new discoveries and technologies;
A method of separating the root causes of economic diversity from the exploitation of natural resources.
Salim Teja, president of MaRS Risk Services, is from Edmonton, where he attended Ross Sheppard High School.
He said 1,200 companies related to Mars had raised $3 together.
5 billion in the past eight years.
They also created $1.
Income was 8 billion and 7,000 jobs were created.
There, there were challenges in filling this space --
In addition to the 100 startups now known as Mars House, each company can stay for 24 to 36 months --
Companies such as Facebook, PayPal, Airbnb, Johnson and Johnson Digital take up space.
It is Facebook's headquarters in Canada and one of Uber's three global Labs.
More importantly, however, the stories of companies like hub ba, Peak Power and Opus One, who started on Mars and are now independent, develop their business and brand.
Hubba, businessto-
Business platform for small and medium-sized enterprises
Large retailers have offices in 140 countries representing 100,000 companies and 1 million products.
It is encouraging that Canadian companies did not go to the United States. S.
In order to obtain funds, funds are now flowing into the North.
Global companies are launching from Mars, not entirely for construction.
"I think Mars is software and hardware," Teja said . ".
"Hardware is architecture, software is the driving force of life.
This is not the function of building a building and praying that people will appear.
"The support program helps companies such as Peak Power develop their business, and Peak power is an energy storage company that uses software applications to optimize Power use.
What appears to be missing from Alberta's narrative is the idea of taking advantage of the region's strengths to create opportunities.
As Teja points out, innovation and technology are a global game and a global competition.
In other words, there is no room for competition and regionalism.
"When I think about what's going on in Calgary, I often think about it. . .
"Why doesn't Calgary and Edmonton come together and do some world-class things that attract the world," he said . ".
"As an outsider, both regions have huge advantages.
"We're talking about the kitchen.
Waterloo corridor
You have a corridor there.
To win in the world, you have to connect the city together.
This is not the province to win you.
This is not even a victory in your country.
It's about winning in the world.
"The good news is that this shift is taking place thanks to initiatives such as rainforest, Nucleus and IBM's regional businesses.
Equally important is the Rocky Mountains of the Creative Destruction Lab from the University of Toronto's Rottman Business School, which Teja sees as a very important part of the ecosystem.
"Creative destruction labs really help to determine which specific areas of science or technology in the talent pool can become world-class," he said . ".
Alberta budget submitted on Thursday
With its huge deficit, eyes-
Debt surge, no credible balance of payments plan
This further demonstrates why Alberta's economy must be diversified.
This is an issue that guarantees a different future for the next generation and has nothing to do with the volatility of the commodity cycle.
We have the original talent, the entrepreneur spirit, the strong university system and the ability to raise funds.
In addition to the CDL Rocky Mountains, there are Alberta innovation, Calgary technology.
Calgary Economic Development and recently announced platform construction, a joint venture with Calgary city Land Corporation
Calgary parking authority.
It is time to take advantage of all these and other factors to establish a new direction for the province.
This is not a success overnight.
Like Mars, it was a long game.
Deborah Yedlin is a columnist for the Calgary Herald @ postmedia.