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Posted June 28 , 2013

Digital World

MaRS report: Seeding Success: Canada’s Startup Accelerators mars seeding success

Kitchener - Launched in Silicon Valley less than a decade ago, the seed startup accelerator model has been adopted around the world. In Canada, over 30 accelerators and accelerator-like programs have emerged since 2010, with accelerators alone graduating over 400 entrepreneurs and 200 startups to date.

The proliferation of accelerators within Canada—and elsewhere—has prompted some public debate within the startup community about an “accelerator bubble” and about the impact of these programs. At the same time, significant government funding is being invested in Canadian accelerator programs both directly and indirectly. Both this discussion and these funding decisions, however, are being conducted with limited data and insight into these programs. Without accessible, comparable data about accelerators and their performance, this new model for supporting startup development is difficult for entrepreneurs, mentors, investors and policy-makers to assess and support.

Drawing on the results of a series of interviews conducted with accelerator directors and entrepreneurs, this report attempts to provide a foundational understanding of Canadian accelerators. As a preliminary qualitative and quantitative examination of key processes, stakeholder dynamics and outcomes, the report is also intended to contribute to the ongoing dialogue about the role and value of accelerator programs in the startup ecosystem

Read the report: Seeding Success: Canada’s Startup Accelerators

Nine Canadian Companies Go Global with Help From the CDMN Soft-Landing Program:

Sponosor Hub: Wavefront
Landing Site: Florida & Brazil

Mespere Life Sciences
Sponsor Hub: Communitech
Landing Site: California

ESL Explorer
Sponsor Hub: Communitech
Landing Site: London, UK

Trusterra Technologies
Sponsor Hub: Wavefront
Landing Site: New York City

Green Owl Mobile
Sponsor Hub: Communitech
Landing Site: Philadelphia & New York City

Loose Button Inc.
Sponsor Hub: Communitech
Landing Site: Shanghai & New York City

Greengage Mobile
Sponsor Hub: MaRS Discovery District
Landing Site: San Francisco

Nexalogy Environics
Landing Site: New York City

Sponsor Hub: Northwestern Ontario
Innovation Centre
Landing Site: Chicago

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