Good morning, Toronto startups and entrepreneurs! Last week, Techstars Toronto showcased its current cohort of ten startups at its annual Demo Day. As we learned in last week’s newsletter
, three of those companies started in Nigeria, Poland, and Turkey. This past Friday, Crunchbase profiled those three startups in an article
centred around the challenges companies outside North America face when attempting to attract attention from American investors. This is an advantage for Canadian cities like Toronto, where startups from emerging markets can establish a North American presence and attract investment dollars. Sunil Sharma, Techstars Toronto managing director, explains:
“For example with Quidax, U.S. investors can see the financial markets in Africa, but it may be challenging for them to directly invest,” Sharma said. “But, here is one company in Canada operating under our laws that they could invest in and get exposure to emerging markets. It’s a message more investors can see in the global context.”
Congratulations to everyone from Techstars Toronto’s current cohort who made Demo Day possible, and thank you for choosing Toronto!
If you’re a founder in the Industrial Internet of Things (IIoT) space, read on for a new opportunity from gBETA Toronto
Here are some upcoming deadlines for applying to accelerators, grants and funding, or other competitions. Don’t miss out! If you know of others, please submit any application deadlines and I’ll post them if they’re relevant.
GBETA IIoT is a free, seven-week accelerator program for early-stage companies with local roots. If your startup is in the Industrial Internet of Things (IIoT) space, you could receive coaching, mentorship, access to a network of investors, and over $1M in deals and perks. During the program, companies meet with the gBETA team twice a week for an hour each to refine their business model, meet mentors, strategize their growth, gain customer traction, and pitch investors. Each program is capped at five teams — apply now!
Damage Labs is a game studio pre-accelerator for historically marginalized and underrepresented founders. Too few studios are led by queer and gender-marginalized people — which means power, capital, and content continues to be controlled by people within a narrow band of identities and experiences. Real, long-term financial sustainability is totally out of reach for most marginalized creators. At Damage Labs, you’ll explore ethical labour frameworks, alternative financing, and structures that centre marginalized creators.
Have a great week, and stay well!