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Director Innovation Jobs in Toronto, ON (NOW HIRING)

Munich Re

Director, Product Innovation

Toronto, ON

To learn more about us, please visit www.hsb.ca Primary Objectives Director, Product Innovation acts as a strategic catalyst and internal innovation & strategy consultant-turning market signals, data ...

GE Vernova

Office of Innovation Director

Markham, ON · On-site

CA$171K - CA$256K/yr

Summary We are seeking a visionary Office of Innovation Director to lead our technology strategy and drive breakthrough innovations in software-defined automation solutions for the modern electric ...

GE Vernova

Office of Innovation Director

Markham, ON · On-site

CA$171K - CA$256K/yr

Summary We are seeking a visionary Office of Innovation Director to lead our technology strategy and drive breakthrough innovations in software-defined automation solutions for the modern electric ...

Td

Associate Director, TD Innovation Partners

Toronto, ON · On-site

CA$91K - CA$136K/yr

TD Innovation Partners (TDIP) is a new full-service technology banking team providing bespoke, high-touch banking and financial services to address the unique challenges, opportunities and needs of ...

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Director Innovation information

See Toronto, ON salary details

$28.2K

$113.4K

$169.9K

How much do director innovation jobs pay per year?

As of Aug 22, 2026, the average yearly pay for director innovation in Toronto, ON is $113,354.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,007.00 and $149,354.00 per year, depending on experience, location, and employer.

What does a director of innovation do?

A Director of Innovation leads an organization's efforts to develop and implement new ideas, technologies, and strategies that drive growth and competitive advantage. They research market trends, foster a culture of innovation, and collaborate with teams to bring new products, services, or processes to life. Their role involves strategic planning, identifying opportunities for innovation, and managing projects that enhance business performance.

What are the key skills and qualifications needed to thrive as a director of innovation?

To thrive as a Director of Innovation, you need expertise in strategic planning, product development, and business analysis, typically supported by a relevant bachelor's or master's degree. Familiarity with project management tools, innovation frameworks, and data analytics platforms is highly beneficial. Strong leadership, creative problem-solving, and excellent interpersonal communication set standout candidates apart in this position. These capabilities are crucial for effectively driving change, fostering a culture of innovation, and ensuring the organization remains competitive in a dynamic marketplace.

What are the main challenges a director of innovation typically faces in this role?

A Director of Innovation often deals with balancing the need for creative, out-of-the-box thinking with the practical requirements of business viability and risk management. Navigating resistance to change and securing stakeholder buy-in across different departments can be significant challenges. The role usually involves managing cross-functional teams and building bridges between R&D, marketing, and operations to drive projects forward. Being able to translate visionary ideas into actionable initiatives, while ensuring alignment with organizational goals, is essential for long-term success in this position.

What are the most commonly searched types of Innovation jobs in Toronto, ON?

The most popular types of Innovation jobs in Toronto, ON are:

What job categories do people searching Director Innovation jobs in Toronto, ON look for?

The top searched job categories for Director Innovation jobs in Toronto, ON are:

Director Innovation jobs near you
Infographic showing various Director Innovation job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $113,354 per year, or $54.5 per hour.

Sr. Director, Innovation Incubation

McKesson

Mississauga, ON • On-site

Full-time

Re-posted 7 hours ago

McKesson rating

7.9

Company rating: 7.9 out of 10

Based on 210 frontline employees who took The Breakroom Quiz

47th of 86 rated pharmaceutical

Job description

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve - we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow's health today, we want to hear from you.

Work Arrangement: This is a hybrid position requiring candidates to work on-site at least 2 days per week at our office in Mississauga. The remaining days may be worked remotely, subject to team and business needs.

About the Role:

McKesson Canada is seeking a strategic and entrepreneurial leader to establish and lead our Innovation Incubation capability. Reporting into a cross-functional innovation ecosystem, this role will identify, validate, and develop new growth opportunities that support McKesson Canada's long-term business strategy.

Working closely with Corporate Strategy, Business Development, Business Unit leaders, and external partners, you will evaluate emerging healthcare trends, unmet customer needs, and disruptive technologies to determine where McKesson can create new value. Through disciplined experimentation, customer discovery, prototyping, and business model development, you will transform ideas into investment-ready opportunities and scalable growth initiatives.

This role is ideal for a leader with experience in innovation strategy, venture building, commercialization, healthcare innovation, or new business development who thrives in ambiguous environments and enjoys turning ideas into measurable business outcomes.

What You'll Do:

  • Build and lead McKesson Canada's innovation incubation capability focused on identifying and validating new growth opportunities.

  • Develop and manage an innovation portfolio and opportunity pipeline from concept through investment recommendation.

  • Partner with Corporate Strategy and Business Development to evaluate strategic growth opportunities and emerging market trends.

  • Conduct market, customer, and partner discovery activities to validate business opportunities and customer demand.

  • Design, test, and refine new business models, value propositions, revenue streams, and commercialization strategies.

  • Lead rapid experimentation, pilot programs, and minimum viable product (MVP) development to assess market viability.

  • Develop business cases and financial models evaluating market size, revenue potential, profitability, investment requirements, and return on investment.

  • Establish and manage innovation stage-gate processes, including success metrics, governance, and investment recommendations.

  • Build strategic relationships across the healthcare ecosystem, including health systems, pharmaceutical manufacturers, startups, technology providers, academic institutions, and industry associations.

  • Collaborate with Business Units, Technology, Finance, and Transformation teams to transition validated opportunities into scalable business initiatives.

  • Prepare executive-level presentations and recommendations supporting build, buy, partner, or scale decisions.

  • Mentor and develop team members while fostering a culture of innovation, experimentation, and customer-centric thinking.

Basic Requirements:

  • Bachelor's degree in Business, Innovation, Healthcare Administration, Finance, Engineering, Strategy, Marketing, or a related field.

  • 10+ years of professional experience in innovation, strategy, venture development, new business development, commercialization, management consulting, product strategy, or related fields.

  • Experience leading innovation programs, venture incubation initiatives, commercialization efforts, or new business creation.

  • Experience developing business cases, financial models, and executive-level recommendations.

  • Experience engaging and influencing senior leadership and cross-functional stakeholders.

  • Experience leading teams through ambiguity and organizational change.

  • Exceptional executive communication, storytelling, and presentation skills.

Preferred Skills/Experience:

  • Master's degree or other advanced degree.

  • Experience in healthcare, pharmaceutical, life sciences, healthcare technology, or digital health sectors.

  • Experience building or scaling new products, ventures, businesses, or commercial offerings.

  • Experience with partnership development, strategic alliances, mergers and acquisitions, or venture ecosystems.

  • Strong understanding of customer discovery, market validation, and go-to-market strategy development.

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors, including performance, experience and skills, equity, regular job market evaluations, and geographical markets. The pay range shown below is aligned with McKesson's pay philosophy, and pay will always be compliant with any applicable regulations. In addition to base pay, other compensation, such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson, pleaseclick here.

Our Base Pay Range for this position

$151,200 - $201,600

McKesson has become aware of online recruiting-related scams in which individuals who are not affiliated with or authorized by McKesson are using McKesson's (or affiliated entities, like CoverMyMeds or RxCrossroads) name in fraudulent emails, job postings or social media messages. In light of these scams, please bear the following in mind:
McKesson Talent Advisors will never solicit money or credit card information in connection with a McKesson job application.


McKesson Talent Advisors do not communicate with candidates via online chatrooms or using email accounts such as Gmail or Hotmail. Note that McKesson does rely on a virtual assistant (Gia) for certain recruiting-related communications with candidates.

McKesson job postings are posted on our career site: careers.mckesson.com.

McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other legally protected category. For additional information on McKesson's full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

McKesson is committed to being an Equal Employment Opportunity Employer and offers opportunities to all job seekers including job seekers with disabilities. If you need a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to (United States) Disability_Accommodation@McKesson.com or (Canada) Accessibility@mckesson.ca. Resumes or CVs submitted to this email box will not be accepted.

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