Banting and Best Centre for Innovation and Entrepreneurship Banting and Best Centre for Innovation and Entrepreneurship The Banting and Best Centre for Innovation and Entrepreneurship is an initiative of the University of Toronto which facilitates business mentorship and the development of commercially viable innovations. The goal of the Centre is to foster start-up companies by supporting new ideas as they are developed and then during the incubation phase on through commercialization. The centre was launched in September, 2012, in the Banting and Best buildings on College Street, Toronto. The 50,000 square foot Centre was named after Frederick Banting and Charles Best, co-discoverers of insulin, a treatment for diabetes
Frederick Banting medicine and, in 1919–1920, was Resident Surgeon at The Hospital for Sick Children. Banting was unable to gain a place on the hospital staff and so he decided to move to London, Ontario to set up a medical practice. From July 1920 to May 1921, he continued his general practice, while teaching orthopedics and anthropology part-time at the University of Western Ontario in London because his medical practice had not been particularly successful. From 1921 to 1922 he lectured in pharmacology at the University of Toronto. He received his M.D. degree in 1922, and was also awarded a gold medal.