[Press Release] – MaRS and Demac Media partner to provide eCommerce startups with focused advisory services

FOR IMMEDIATE RELEASE

Toronto, December 19, 2012 – MaRS Discovery District’s Information Technology, Communications and Entertainment practice (ICE) is pleased to announce its partnership with Demac Media, an award winning eCommerce agency based in Toronto. This new partnership will provide advisory services targeted to eCommerce startups, fuelling job and wealth creation in the Canadian eCommerce space.

According to eMarketer, online spending will double in Canada over the next three years, but growth of eCommerce companies in Canada has lagged behind consumer demand, allowing US retailers to gain traction in the Canadian market.

“With Canada’s prosperity and stable currency, there’s no better time to ignite growth in this sector,” says Nathan Monk, Go-To-Market Lead for ICE. “The goal of this partnership is to position MaRS’ ICE practice and Demac Media as Ontario’s leading eCommerce advisory service, helping to establish Toronto as the commerce hub of Canada. Both MaRS Discovery District and Demac Media aspire to build great eCommerce companies created in Canada, but globally competitive,” he says.

Matthew Bertulli, CEO of Demac Media, says the Canadian eCommerce market is expected to double its size by 2015, which presents a significant window of opportunity for online merchants.

“Canadian eCommerce only represents approximately four to five per cent of the entire Canadian retail pie, which leaves the startup community with a massive ‘found market,’ Bertulli says. “By partnering with MaRS, we are taking the first step in proactively pushing the industry forward by giving entrepreneurs and startups exclusive access to expertise, strategic help and networking opportunities.”

The partnership will combine structured mentorship, programming and networking opportunities for eCommerce and mobile startups within the ICE practice. Specifically, Demac Media will offer MaRS eCommerce clients:

– Pro-bono office hours for consulting to discuss e-commerce strategy.
– Interactive workshops dissecting strategy for user interface (UI), user experience (UX), development and extensions.
– Interactive discussions designed to provide a prescriptive roadmap for design and development.

In addition, Demac Media and MaRS will co-host the eCommerce Toronto Meetup group within the MaRS Commons (@marscommons). eCommerce Toronto offers a monthly roundtable discussion for Canadian eCommerce merchants and professionals to share their knowledge. If you are interested in participating, please visit www.meetup.com/eCommerceToronto to request a free membership.

About MaRS
MaRS Discovery District (www.marsdd.com) (@MaRSDD) is a mission-driven innovation centre located in Toronto. MaRS works with partners to catalyze, accelerate and amplify innovation. MaRS supports entrepreneurs building Canada’s next generation of growth companies.

About Demac Media
Demac Media (www.demacmedia.com)(@demacmedia) is an award winning eCommerce agency based out of Toronto. As the largest Magento Gold Solutions Partner in Canada, Demac was awarded the 2011 Magento Partner Excellence Award, which placed the company among the Top 10 Magento Partners worldwide. From day one the company’s mission has been to be at the core of e-commerce and help grow the industry within Canada. As a full service eCommerce shop, Demac Media provides rich, flexible solutions that have been built, and battle tested with some of the best merchants on the web.

For more information, contact:

Nathan Monk
Go-to-Market Lead, ICE practice
MaRS Discovery District
nmonk@marsdd.com

Katie Hudson
Marketing and Sales Coordinator
Demac Media
khudson@demacmedia.com