American VC funding is becoming an increasingly larger part of that financing. Canadian startups have been comparatively underfunded, and this new interest
is not only growing those historically starved startups, it’s growing local support systems as well:
“U.S. funds have been coming across the border aggressively in the last five years, which has helped fuel cohorts of investable companies,” said Margaret Wu, a lead investor at Toronto-based venture-capital firm Georgian. More early-stage funding and support systems have developed across the country, she said, while growth-stage funding has become available through local players.
Four Toronto area startups might soon make use of some of those funds. Last week saw Altitude Accelerator
‘s newest incubator cohort of ten startups start their six-month program
. Companies from the GTA include Subskryb
, with a platform for subscription-based sharing of luxury vehicles; Zemaas
, offering apps for day-to-day delivery, logistics and mobility services; BallStreet
, a share-based platform allowing anyone to purchase rare and in-demand trading cards; and lastly Artintech
which is focused on resolving operations and supply chain challenges with the power of digital systems and artificial intelligence. Congratulations to all four of them!
Be sure to keep an eye on the opportunities below. Both the Women Founders and the Early Stage startup streams at the Parkdale Centre for Innovation
stop accepting applications this Wednesday. Read on for more details.
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.
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.
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.
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!