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Techstars Startup Digest Toronto - Six ways to get your startup off the ground

Good morning, Toronto startups and entrepreneurs! As if creating a startup from a germ of an idea, fi
Issue #23 — View online — Suggest a link
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.
Good morning, Toronto startups and entrepreneurs! As if creating a startup from a germ of an idea, finding market-fit, growing a customer base, and retaining users wasn’t challenging enough, you also have to contend with other companies cutting into your market share, and sometimes outright stealing your innovations and passing them off as their own.
That last scenario is what Toronto’s Nulogy, which offers supply chain SAAS, is currently up against. Nulogy alleges that one of its clients, Menasha, “misappropriated its trade secrets, broke a software licence agreement, and developed a supply chain software similar to Nulogy’s” — all while being “induced” to do so by Deloitte LLP. Last week it was announced that, over the summer, Nulogy filed a $60 million lawsuit against Menasha. Best of luck to everyone at Nulogy.
If you’ve got a germ of an idea and want to learn how you can make it a reality, York University’s LaunchU has restarted their Founder Fundamentals workshops. It’s an 11-week series with classes on building entrepreneurial skills, and it’s free. This is the second week, where you’ll learn how to develop a strong customer persona — look for it on Thursday.
We also have two new opportunities below, meaning there are currently six programs on offer that will help you take your idea, product, or service to the next level. The two new additions are The Hub at University of Toronto Scarborough, offering some seed money, and Founder Institute’s Toronto Tech Corridor Virtual 2021 program, which assists selected startups with ongoing feedback from experienced mentors and investors. If the Founder Institute program interests you, and you’re a startup from Brampton, you could participate for free. More details below.
Please note that the Black Innovation Fellowship Bootcamp’s registration deadline is now this Friday. There’s still time! Details below.
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.
The Black Innovation Fellowship Bootcamp is a six-week program designed to support very early-stage Black tech founders around the world. The bootcamp aims to help founders validate their business ideas and market opportunity, as well as build their first prototype and MVP — with many of the benefits of DMZ’s core programming. You’ll also get exposure to domains critical to building a venture: sales, marketing, operations, technology, finance, leadership and more. Upon completion, startups get a chance to fast track their application to our core Black Innovation Fellowship Program.
The Scaleup Bootcamp Program is a market validation program supporting startups to evaluate their real possibilities to enter the North American market, validate business model and other assumptions. This is the first stage in the LatAm Startups program.
In this annual event, seed money is awarded to promising students and recent alumni who want to launch a new business initiative. It’s an entrepreneurial competition — think “Dragons’ Den” but without the need to give up any equity. The Hub does not take equity and there are no payments owed to the facility for its services. You are simply pitching your idea for some initial seed funding. This year, you can win up to $5,000 (cash, plus up to an additional $5,000 in Amazon Web Service and/or Google credits).
At the Founder Institute, you won’t “learn” how to build a business. Rather, you will build your business alongside top startup experts using a proven, structured process that has helped some of the world’s fastest growing companies raise over $950M in funding. Our 14-week, program includes a series of challenging growth sprints, in addition to weekly feedback sessions where you will receive constant feedback on your progress from experienced mentors and investors. Attention Bramptonians: Applicants from the Brampton community can participate for free if selected for our Brampton Fellowship.
Entrepreneur First is the world’s leading talent investor. We invest time and money in the world’s most talented and ambitious individuals, helping them find a co-founder, develop an idea, and start a company. Twice a year we select up to 100 people to join our program. The first part of the program focuses on finding the right co-founder, and developing your idea. We call this Form. The second is called Launch and helps you grow your company — with investment from us — culminating in a demo day in front of the world’s best investors.
With another Demo Day done, it’s time to start forming the 2021 cohort for Techstars Toronto Accelerator. Apply today. If selected, over the course of three months your team will gain access to funding and dozens of mentors — individuals with deep industry, investment, or entrepreneurship experience. These experts are matched to your needs, and are committed to contribute to your long-term success. Once you complete the program, you’re not on your own. You’ll still have access to Techstars resources, with its worldwide network of entrepreneurs, mentors, investors, and alumni.

Have a great week, and stay well!
Ian Stevens ◦

Techstars Startup Digest Toronto is curated by:
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