MaRS Innovation

Ontario Sunshine List 2017 · 9 employees earning $100K+

Other Public Sector Employers
Data ends in 2017. MaRS Innovation has no records in the 2025 Sunshine List — it may have been renamed, merged into another organization, or no longer report under this name. Search for its current listing.

At a Glance
2017

Employee Count

9

2017 Sunshine List

Total Compensation

$1.9M

Salaries + taxable benefits

Average Salary

$209,237

2017 Sunshine List

Median Salary

$171,997

Half earn more, half less

Who makes the most at MaRS Innovation in 2017?

Raphael Hofstein, President and Chief Executive Officer, was paid $549,392 in 2017 — the highest total compensation among 9 MaRS Innovation employees on the Sunshine List; the median salary there was $171,997.

How has MaRS Innovation's Sunshine List changed?

MaRS Innovation listed 14 people in 2016 and 9 in 2017, down 36%; payroll on the list went from $2.6M to $1.9M, and the median salary moved from $138,547 to $171,997. It has not appeared under this name since 2017.

How many MaRS Innovation employees earn over $150,000? →

Salary Trend

Median salary by yearLine chart of 2 yearly values of median salary, from $138,547 in 2016 to $171,997 in 2017.$100K$120K$140K$160K$180K20162017
Median salary, 2016–2017. Axis starts at $100,000, the Sunshine List disclosure threshold. That threshold has never been indexed to inflation, so this line can fall over time simply because more people newly cross it — not necessarily because pay fell.

Top Employees
2017

#1Raphael Hofstein
$549,392
President and Chief Executive Officer
#2Parimal Nathwani
$272,184
Vice-President, Life Sciences
#3Judith Blumstock
$181,410
Senior Director, Corporate Development
#4Dominic Jaikaran
$177,509
Director, Technology and Venture Development
#5Fazila Seker
$177,125
Director, Technology and Venture Development
#6Anastasia Ivanchuk
$175,244
Director, Intellectual Property
#7Michael Midmer
$160,852
Entrepreneur-in-Residence
#8Ben Rogers
$131,714
Director, Technology Transfer and Scouting
#9Hassan Jaferi
$109,732
Commercialization Manager

Download CSV (2017) →Released by the Government of Ontario under the Public Sector Salary Disclosure Act, 1996. Compiled by SunshineList.

Biggest Year-over-Year Increases
2016 → 2017

No qualifying raises were computed for the 2017 Sunshine List.

A year-over-year increase or decrease in disclosed pay can include overtime, a retroactive payment, a vacation payout or severance, not only a change in base pay, rate, or role — the Sunshine List discloses total salary paid that year, not a pay rate. This list is ranked by the dollar increase, not by the percentage shown.

0 people were new to MaRS Innovation's list in 2017; 5 who were on it in 2016 were not. See the full 2017 roster →

By Year
full lists