Staff Directory

Photo of Judy Blumstock
Executive Director, Corporate Development
Work Phone: 647-260-7863

Biographical Info

Judith provides financial strategy and in-depth portfolio reporting for MaRS Innovation and its technologies and companies under management. She also takes an active role in fundraising and investor relations, and leads a variety of special projects.

Prior to joining MaRS Innovation, Judith was a principal with Genesys Capital Partners, one of the largest Canadian-based venture-capital firms focused on the life sciences industry. She is also a past director of Insception, Millenium Biologix Corp., Plexagen Diagnostics, and Zelos Therapeutics Inc. Previously, Judith was a partner with Royal Bank Capital Partners Life Sciences Fund and, prior to that, director of Bio/pharmaceutical Research at Drug Royalty Corporation.

Judith received her M.B.A. in finance from Columbia Business School and her B.Sc. in Biology from the University of Toronto.

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Photo of Jasmine Dautovich
Manager, Technology and Venture Development
Work Phone: 647-260-7897

Biographical Info

Jasmine Dautovich supports the MaRS Innovation life science portfolio through evaluation of early-stage technologies by conducting scientific, technical and intellectual property due diligence, assessing market potential and identifying potential industry partners to support new start-up ventures.

Prior to joining MaRS Innovation, Jasmine was the Manager of Operations and Clinical Development for a clinical-stage biotechnology company, ScarX Therapeutics, where she was responsible for managing all aspects of technology development through to successful completion of a Phase I clinical trial.

Jasmine holds a M.Sc. in Pharmaceutical Sciences from the University of Toronto and a B.Sc. in Molecular Biology & Genetics from McMaster University.

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Photo of Phil Goldbach
Manager, Technology and Venture Development; Manager, Intellectual Property
Work Phone: 647-260-7830

Biographical Info

Phil manages intellectual property (IP) rights across all technologies within MaRS Innovation’s portfolio. He advises on various forms of IP protection, assessing patentability and managing patent application filings and prosecution decisions. Phil also manages projects in MI’s Life Sciences portfolio. He performs technical and market due diligence on new technologies to support and grow MI’s portfolio. In addition, he develops business, technical, and strategic plans and engages with industry partners in order to support new start-up ventures.

Prior to joining MaRS Innovation, Phil trained with an intellectual property boutique law firm in downtown Toronto as a member of the firm’s life sciences patent practice group, where he was exposed to a wide array of technologies including biologics, small molecules, medical devices, and information technologies. He has also acted as director of intellectual property for a biotechnology start-up company in Mississauga that specializes in developing antibody-based products for use in animal health and food safety.

Phil holds a PhD in Molecular Genetics from the University of Toronto and a JD from Osgoode Hall Law School.

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Photo of Stacey Ivanchuk
Director, Intellectual Property
Work Phone: 647-260-7867

Biographical Info

Stacey has over 10 years experience relating to intellectual property (IP) protection, management and strategy. She oversees and provides strategic advice for all projects in MaRS Innovation’s portfolio spanning diverse technical fields, working closely with the venture development teams to evaluate technologies and develop optimal IP protection strategies. In addition to her IP role, she is responsible for strategic oversight of all technologies originating from Baycrest, a MaRS Innovation member.

Prior to MaRS Innovation, Stacey was IP manager at Topigen Pharmaceuticals Inc., a Montreal-based biotechnology company (acquired by Pharmaxis Ltd.) where she provided IP-related strategic guidance including portfolio management, budgeting and financial forecasting. She was also formerly IP consultant at Baycrest where she identified and assessed commercial opportunities arising from neurocognitive research. In her role as Scientific Advisor in the IP group of Ogilvy Renault (now Norton Rose Fulbright), she gained experience drafting and prosecuting patent applications, focusing on life sciences/biotechnology patent protection.

Stacey received her B.Sc., Honours (Biology) and M.Sc. in cancer genetics from Queen’s University and her Ph.D. in molecular biology from the University of Toronto.

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Photo of Hassan Jaferi
Manager, UTEST
Work Phone: 647-531-4681

Biographical Info

As Manager of UTEST, Hassan works with early-stage startup companies from the University of Toronto and its affiliated hospitals. He helps guide UTEST portfolio companies in the areas of business development, marketing, intellectual property, fundraising and strategy.

Previously, Hassan was a commercialization manager at MaRS Innovation where he divided his time between projects located in Innovation York and Sunnybrook Health Sciences Centre’s Technology Transfer office, located in the Sunnybrook Research Institute. He conducted due diligence on invention disclosures, aided in patent application preparation and prosecution, executed business development for early-stage technologies and pursued public and private funding to advance early-stage research projects.

Before joining MaRS Innovation, Hassan was a commercial development analyst with PARTEQ Innovations, the technology transfer office of Queen’s University, where he managed the commercialization of early-stage technologies and helped managed a start-up company. He has also worked as a patent examiner with the Canadian Intellectual Property Office.

Hassan holds a M.Sc. in space management from the International Space University in Strasbourg, France, and a B.Sc. in computer engineering from the University of Ottawa.

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Photo of Timothy Key
Manager, Technology & Venture Development
Work Phone: 647-260-7843

Biographical Info

Tim manages projects in MI’s Life Sciences portfolio. He performs technical and market due diligence and evaluates the competitive positioning and advantages of new technologies to support and grow MI’s portfolio. He develops business, technical, strategic and financing plans to support new start-up ventures. He also actively markets technologies to support licensing, co-development and other commercialization transactions.

Prior to joining MI, Tim worked in Vancouver for the Centre for Drug Research and Development, another Centre of Excellence for Commercialization and Research (CECR), where he worked in small molecule/biologic drug discovery R&D and business development.

Tim holds a Ph.D in Microbiology and Immunology from Dalhousie University in Halifax, NS, and a B.Sc in Biochemistry from Mount Allison University in Sackville, NB.

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Photo of Richard Li
Analyst, Technology and Venture Development
Work Phone: 647-260-7844

Biographical Info

Richard is involved in the scientific due diligence, and assessing the technological development and market potential of projects entering into MI’s pipeline. He also scouts for new projects from MaRS Innovation’s academic member institutions.

Prior to joining MaRS Innovation, Richard conducted market research into colorectal cancer, liquid biopsy technologies and epigenetic technologies, among others, as an intern with the diagnostics startup Enrich Bioscience. His other past experiences include research into the human skin microbiome in the context of psoriatic arthritis at the Krembil Research Institute, and administration of clinical trials in oncology at the Princess Margaret Hospital Cancer Centre.

Richard holds a M.Sc. (Applied) in Biotechnology from McGill University in Montreal and a B.Sc. (Honors) in Molecular Genetics and Neuroscience from the University of Toronto.

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Photo of Laura McLachlan
Manager, Commercialization
Cell Phone: 647 327 4020Website:

Biographical Info

As a commercialization manager at MaRS Innovation, Laura works with scientific and clinical researchers to identify, develop and commercialize novel technologies at St Michael’s Hospital. She provides technology transfer services, including evaluation of invention disclosures, patent preparation and business development activities for early-stage technologies and inventions. This also includes securing funding from both public and private sources to advance early-stage research, developing licensing opportunities and helping to create and manage start-up companies.

Laura has ten years of technology transfer experience spanning the academic, industrial and legal field. Prior to joining MaRS Innovation, she was the Intellectual Property Associate at a UK university where she co-managed licensing and start-up creation. She also worked as a technical assistant at a large Toronto-based IP Law firm.

Laura holds a Ph.D. in Materials Science, a B.Sc. in Biology, and an LLM in Intellectual Property Law from the University of Manchester, UK.

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Photo of Parimal Nathwani
Work Phone: 647-260-7873

Biographical Info

Parimal Nathwani has over 15 years of experience in various aspects of the biotechnology industry including corporate finance, business development, transactions, intellectual property management, technology development and operations. He has been actively involved in forming and managing start-ups, preparing and executing on business plans, raising early-stage capital and in- and out-licensing activities.

Before joining MaRS Innovation, Parimal was a healthcare analyst with a boutique investment bank, where he conducted equity research on publicly-traded biotechnology companies in Canada and the U.S. He has also led commercialization activities out of BC Women’s and Children’s Hospital as part of his role at the University of British Columbia’s Industry Liaison Office, and was a research scientist at a start-up biotechnology company involved in drug discovery targeting ABC Transporters.

Parimal received his MBA from Simon Fraser University and his M.Sc. from the University of British Columbia.  He currently sits on the boards of TRIUMF Innovations, Zucara Therapeutics, and Vasomune Therapeutics, and is an observer on the board of Encycle Therapeutics.

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Photo of Adeola Raimi
Accounting Specialist, New Ventures
Work Phone: 647-260-7853

Biographical Info

Adeola has over 7 years of experience in full-cycle accounting with progressively increasing responsibilities in Financial reporting, Accounts payables and receivables, Financial Analysis, Reconciliations, Budgeting, Financial Controls and Process Improvements.

In his role as Accounting Specialist, New Ventures at MaRS Innovation, Adeola conducts the day-to-day accounting and finance activities for several new ventures within MI’s portfolio, including Encycle Therapeutics, QD Solar, Vasomune Therapeutics, Bright Angel Therapeutics and Fibrocor Therapeutics. He manages their financial reporting and compliance with GAAP (Generally Accepted Accounting Principles).

Prior to joining MaRS Innovation, Adeola was Senior Accounting/Financial Analyst at ProMach Performance Services where he was in charge of month end close process, financial reporting, cash flow forecasting, process improvement and financial controls . He was also actively involved in budgeting and variance analysis and he prepared other financial analysis reports that enabled management decision-making.

Adeola earned his MBA from Morgan State University, Maryland, USA and holds the designation of Chartered Professional Accountant (CPA, CGA Canada). He is also a Fellow (FCCA) of the Association of Chartered Certified Accountant (ACCA Global).

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Photo of Susanne Staer
Manager, Corporate Affairs
Work Phone: 647-260-7869

Biographical Info

Susanne is the Corporate Secretary for MaRS Innovation and as such is in charge of the integrity of the organization’s governance framework, including compliance with various governing and funding requirements; efficient administration of the Board of Directors and its various governing and advisory committees; and management of the process related to the annual general meetings and accurate record keeping of Board decisions and organizational history.

In addition, Susanne delivers administrative expertise to the executive office, and oversees marketing, external communications, social media and website development. She maintains office efficiency by establishing procedures and standards, and is the point-person for all aspects of the administration of MaRS Innovation.

Prior to joining MaRS Innovation, Susanne worked closely with to two senior partners in a nation-wide law firm, in the areas of mergers and acquisitions, corporate finance and securities, and general corporate matters. Susanne also trained new administrative staff and was instrumental in setting up various internal intranet functions as they pertained to training and staff administration.

Susanne has an international administrative background through her work in the diplomatic corps under the Ministry of Foreign Affairs of Denmark, through which she was posted to the Royal Danish Embassies in Russia and Ghana.

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Photo of Jackie Terry
Executive Assistant to the Vice President
Work Phone: 647-260-7870

Biographical Info

In addition to her responsibilities as EA to the Vice President, Jackie provides administrative support to the boards of several of MaRS Innovation’s startup companies.  She also assists with the daily administration of the LAB150 funding initiative for new drug discovery, and is the liaison between MaRS Innovation and our partner, Evotec AG, as well as the main contact for the Technology Transfer Offices and researchers at our Member institutions who wish to apply to the LAB150 program.

Prior to joining MI, Jackie collaborated on and managed projects in the polymer characterization department of an organization that specialized in contract and service-based research, development and testing. Her specialties were innovative techniques for preparing and analyzing materials using various disciplines of microscopy, particularly scanning electron microscopy, mainly in the fields of materials characterization and failure analysis.

Jackie received her B. Sc. in Chemistry from McMaster University in Hamilton, Ontario.

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Work Phone: 647 260 7861

Biographical Info

Julia Varela conducts scientific and technical due diligence for projects submitted to MI and assesses their commercial potential. She also aids with the scouting of new projects from MI’s partner organizations.

Prior to joining MI, Julia practise pharmacy at the State Hospital of Sumare (Brazil) and worked as a Quality Assurance intern at Medley-Sanofi where she was responsible for ensuring compliance with GMP guidelines in the manufacturing plant. During her Ph.D. she worked as a Business Development Intern at CDRD where she helped to identify commercial opportunities to aid in the creation of new Canadian healthcare companies.

Julia N. Varela holds a Ph.D. in Chemical and Biological Engineering from the University of British Columbia in Vancouver, BC, a Graduate Certificate in Science and Technology Commercialisation from Simon Fraser University, Vancouver, BC, a M.Sc. in Biosciences and Technology of Bioactive Products and a B.Sc. in Pharmacy from the State University of Campinas, Campinas, SP, Brazil.

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