History of diabetes of 1923, 25,000 patients were being treated in Canada and the United States. For this, Banting and laboratory director John MacLeod received the Nobel Prize in Physiology or Medicine in 1923; both shared their Prize money with others in the team who were not recognized, in particular Best and Collip. Banting and Best made the patent available without charge and did not attempt to control commercial production. Insulin production and therapy rapidly spread around the world, largely as a result of this decision. Banting is honored by World Diabetes Day which is held on his birthday, November 14. The distinction
Banting and Best Centre for Innovation and Entrepreneurship developed in 1921. The Centre, managed by the University of Toronto, set up facilities to foster collaborative work between students, faculty and private enterprise by providing office space, courses and equipment. The centre has also provided jobs for students and recent graduates of the university. Soon after its establishment, the centre began raising money from private investors to fund startup companies. During the first year about $23 million was raised. As of 2016, the centre operates nine business accelerators. Banting and Best Centre for Innovation and Entrepreneurship The Banting and Best Centre for Innovation and Entrepreneurship is an initiative of