Techstars Startup Digest Toronto - This opportunity has already started, but it’s not too late!

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Techstars Startup Digest Toronto
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Issue #86 — 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! For many founding teams, the exit is the goal, either through IPO or acquisition. What if that exit involves a sale to a foreign buyer, as it did for more than half of the Canadian VC-backed startups acquired or merged within the last two years? Is Canada worse off when homegrown success stories sell to overseas interests? Not at all:
As Wattpad and other companies show, these “exits” can nonetheless generate a significant benefit to the Canadian economy. During their journey from startup to takeover and beyond, these companies innovate, grow, create high-paying jobs, generate tax revenues and help train the next generation of scientists, programmers and entrepreneurs. And the newly moneyed investors and company founders often plow their money and experience back into the next wave of Canadian startups.
Despite most Canadian VC-backed startups ending up in foreign hands, more venture capital is flowing into the Canadian technology system than is leaving. According to the Canadian Venture Capital and Private Equity Association, in the first half of 2021, exits totaled $5.9B while venture capital investments reached $8.3B.
A few startups could be starting that journey to exit this very day, at the kickoff for the inaugural cohort of Ryerson DMZ’s newest program. The three-month Black Innovation Connections program is customized to address each participant’s unique needs and also the business barriers Black-led startups often face. Although the winter 2022 cohort has already begun, eligible startups are welcome to apply for a late start.
If you’re in the hardware space and looking to accelerate your time to market, you have one month to apply to ventureLAB’s Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor-focussed products. This program enables companies in transformative sectors like AI, healthcare technology, cleantech, IoT, and beyond. Scroll down for this and more opportunities for startups.
Have a great week, and stay well!
Ian Stevens ◦ ianstevens.ca
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.
Think you have the next high potential technology venture and want to take it to the next level? This four-month virtual accelerator program is designed to support entrepreneurs as they find product-market fit, build traction, and unlock their roadmap for scale through bootcamps, workshops, one-on-one mentorship, along with over $60k in startup support and up to $30K in cash awards. The Tech Accelerator program will focus on helping market ready technology startups execute their go-to-market strategies, acquire customers, and prepare for capital fundraising. The program will feature ample opportunities for hands-on experience, accountability sessions, customized mentorship, and dedicated growth hours with key partners in the entrepreneurial ecosystem.
VentureLAB’s Hardware Catalyst Initiative is Canada’s only lab and incubator for founders building hardware and semiconductor-focused products. Funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario, this competitive program enables tech companies building foundational technologies in transformative sectors like AI, healthcare technology, clean tech, IoT, and beyond, to accelerate their time to market in a sector that normally incurs lengthy entry and scale times. The Hardware Catalyst enables the creation of transformative technologies that will power the products of tomorrow: consumer electronics, telecommunications, smart energy, connected transportation, and more. As Canada’s leading hardware hub, the Hardware Catalyst enables ventures to become competitive players in the global semiconductor industry.
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.
The BlackBerry IVY L-SPARK Accelerator Program is looking for innovative Canadian companies with technologies that align with BlackBerry’s Intelligent Vehicle Data Platform – BlackBerry IVY. Participants will have access to BlackBerry IVY to develop high-impact solutions to improve driver and passenger experiences without the need for specialized embedded or automotive software skills. Each participant will be supported by a dedicated L-SPARK mentor who will work hands-on to guide the company in implementing their solution and provide business mentorship to accelerate growth. Up to $50,000 in matching funding will be made available to participants through NRC-IRAP.
If you know a Canadian founder who deserves some recognition, nominate her for the RBC Canadian Women Entrepreneur Awards, the premier national awards program celebrating the achievements of the most successful in this inspiring group. For 30 years, the awards have shone a spotlight on Canada’s most accomplished and impactful women who have demonstrated excellence — from economic growth to social change, from local to global reach, across multiple sectors. We are honoured to continue to highlight the collective impact of this group of entrepreneurs on our country.
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.

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Techstars Startup Digest Techstars Startup Digest Toronto is curated by:
Ian Stevens Ian Stevens - https://ianstevens.ca/
ian.stevens@startupdigestmail.com
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