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
Highest and best use to the developer and this makes it the maximally productive use. In reality, short term constraints on availability of capital and labour, inevitable conflicts between the other key factors, as well as the predisposition and experience of the developers, often lead to developments that are not maximally productive, but are a compromise. They are productive enough and safe enough that the developer proceeds, but they are not maximally productive. James Graaskamp fully developed a model that reflects this reality more clearly, and termed it most probable use. The Test of Highest and Best Use is applied to an improved property