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Techstars Startup Digest Toronto - Could one of these 3 federal budget proposals benefit your startup?

Issue #94 — View online — Suggest a link
Techstars Startup Digest Toronto

Locally curated talks, workshops, and other events for those interested in creating a startup, growing one, or who want to connect with startups in the Greater Toronto Area.

Hello Toronto startups and entrepreneurs! Canada’s 2022 federal budget came out last week, containing a few items which could benefit startups. The budget proposes more support for R&D spending, more protection for intellectual property and research, and a more inclusive small business tax rate, among other items meant to foster a strong, growing, and resilient economy.
To further promote R&D spending, the federal budget proposes to create an independent federal innovation and investment agency, with an initial $5 billion allocated over five years. The budget also calls for a “world-class intellectual property regime” with investments of $96.6 million over five years, including $47.8 million to help students and researchers take their work to market, and $35 million to help Canadian businesses secure their intellectual property in foreign markets.
Under Budget 2022, small businesses will see their preferred tax rate phase out more gradually, when taxable capital reaches $50 million, instead of the current $15 million. The budget also calls for a review of tax support, including possible changes to the SR&ED program.
If your startup has less than $1,000,000 in revenue — or even no sales at all — you could win $75k in cash prizes as part of the Startup Global 2022 Pitch Competition. Admissions close today, with the top one hundred selected startups competing in September. Scroll down for more details.
You should also note that ventureLAB’s Tech Undivided program stops accepting applications beyond this Friday, April 15. Apply now or miss out. Read on for more information.
Have a great week, and stay well!
Ian Stevens ◦
Community Opportunities
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.
Startup Global connects a pan-Canadian cohort of entrepreneurs committed to growing global businesses with a network of partners committed to their success. We’re excited to bring back our Startup Global Pitch Competition to help you grow your business for the world. In September, the public will vote for one candidate from the top 100 who will automatically win $5,000 in cash, plus a spot at the Grand Finale, with a chance at a cash prize pool of $75,000. The top 100 will also be given exclusive in-kind support from our partners and sponsors to help with professional development, such as insightful advisory circles and practical pitch bootcamps. 
Tech Undivided is an initiative for women tech founders to grow and scale their business. Focused on the pillars of raising capital, technology and IP commercialization, talent attraction and retention, and customer acquisition, Tech Undivided enables founders to accelerate business growth. Beyond technology and business support, Tech Undivided’s vision is to reduce unconscious bias and create an inclusive tech ecosystem that increases representation and access to capital. It draws on the expertise of ventureLAB advisors, strategic mentors, and industry partners to help you refine your product-market-fit, amplify sales, navigate relevant sources of funding, and help hone your pitch to better prepare for customer and investor meetings.
Parkdale Centre is an incubator and accelerator that supports entrepreneurs, with a focus on equity, accessibility, and inclusion for underrepresented people, namely women, Black, Indigenous, people of colour, and newcomers to Canada. The Centre is accepting applications for both its Women Founders Stream, and Early Stage Startup Stream. Both programs are intended for those looking to set and meet revenue and growth goals for their business over the next three to nine months, and willing to execute on the program’s short-term milestones, stay on track with consistent webinars and mentorship. The Women Founders stream focuses on providing accessible and inclusive leadership, business training and entrepreneurship skills to self-identifying woman and/or non-binary founders, while the Early Stage stream supports entrepreneurs with a focus on preparing for user growth, team growth, revenue growth, and fundraising.
The DMZ’s Bootcamp helps early-stage tech founders validate their business idea, establish a minimum viable product and build a roadmap for implementation to launch a startup. Over the course of 6 weeks, this program gives founders exposure to the different domains important in building a venture: sales, marketing, operations, technology, finance, leadership and more. Through the Bootcamp, founders get: founder roundtables and peer to peer sessions, expert-led workshop series, and dedicated one-on-one support from our Program Leads. Upon completing the program, startups should be ready to launch within three months and generate revenue within six months.
BHive is an initiative powered by the City of Brampton with a goal to empower the next generation of innovators, accelerate their journey, and create a positive impact for the entrepreneur, economy, and community as a whole. The program has been strategically designed to ensure startups have everything they need to scale and grow. Successful applicants will have access to an unrivaled ecosystem and expertise to support exceptional founders in building successful companies. Our integrated approach involves thoughtfully designed programs, one-to-one mentorships, and access to our entire portfolio of service.
This program, delivered by Futurpreneur, will provide young, Black entrepreneurs age 18-39 across Canada with a comprehensive offering of $5,000–$60,000 in startup loan financing, as well as up to two years of mentorship, opportunities to engage with a national network of Black entrepreneurs, leaders and community organizations at a range of entrepreneurship events, and a variety of relevant tools and resources. Participants who are keen to scale their businesses even further will also be eligible for up to $40,000 in follow-on financing funded by RBC, based on the first two years of successful business performance.
At the Science Discovery Zone (SDZ) we help people take evidence-based approaches to test big ideas and discover new ventures. We aim to serve as a model for strong collaboration across all disciplines (not just the science ones) that fuels innovation and entrepreneurial discovery. What makes the SDZ stand out amongst other incubators are the unique services and opportunities we create for our community, which are geared towards fostering your goals and success!

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