Hello Toronto startups and entrepreneurs! Hiring for “culture fit” is said to foster groupthink and can invite out-and-out discrimination. According to Radhika Panjwani in last week’s Globe and Mail Careers newsletter, it doesn’t have to be that way
. Instead, it can be thought of as “recruiting applicants whose core values are aligned to those of the company”, as in corporate culture:
Corporate culture comprises elements such as values, vision, attitudes and practices that define how a company operates and treats its employees. Hiring for culture fit means recruiting applicants whose core values are aligned to those of the company, explained Prof. [Kyle Brykman, co-founder of TalentFit].
As a reminder to those in early-stage startups, Tuesday is your last chance to submit your application to the DMZ Bootcamp Pre-incubator Program
. Read on for more information.
Have a great week, and stay well!
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.
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.
Are you a newcomer woman with a business idea? The Women’s Business Accelerator is a free, online workshop series that will equip you with the tools you need to build a profitable business. In the WBA program, you’ll develop your idea and craft a business plan, receive coaching support to enhance your learning, network with other entrepreneurs and industry professionals, and practice and refine your pitching skills. Eligible applicants must be a permanent resident, convention refugee or live-in caregiver with a legal right to work in Canada, and have a business idea or be interested in starting a business in Canada.
Through a three-month intensive program in downtown Toronto, we support radical entrepreneurs as they develop and scale revolutionary companies. Participants in LocoLAB’s Accelerator Program gain access to experienced mentors and advisors, a collaborative office space, and a host of resources designed to support the growth of their startup. At LocoLAB, we believe in equal access to entrepreneurial support, uninfluenced by politics or education level. That’s why we offer independent, unbiased funding and resources to support the most creative minds and ventures. For each startup in the program, LocoLAB provides $35,000 CAD in pre-seed capital, in exchange for 1-3% equity. We look forward to welcoming our first cohort of entrepreneurs into our summer program, running from July through September 2022.
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!