INcubes is excited to have a new partner - ContactMonkey, an email tracking application. ContactMonkey has generously provided us with free services of their application. We are looking forward to working with them!
ContactMonkey is a smart email tracker add-on for Outlook, Gmail and Salesforce.com. ContactMonkey tracks emails, opens and link clicks to help salespeople identify prospects and close more deals.
On the heels of a newly redesigned logo and website, FounderProject kicked off their November series of events on Wednesday night when the student-run venture capital organization hosted OMERS Venture’s John Ruffolo to speak at the first of four “FounderExpo” events.
We last covered FounderProject last week when they formally announced the four events- meant to serve as preambles to one massive event on December 4 to be held simultaneously in both Toronto and Montreal. That event will be webcasted to the public and both the Toronto and Montreal crowds will be able to watch every pitch via screens.
Wednesday night attracted 150 students, entrepreneurs and investors to the 26th floor of the PwC Tower in Toronto, where about 35 student startups pitched their ideas to six investors/ mentors. The mentors who came were Ruffolo (OMERS Ventures), Matt Roberts (BDC Venture Capital), Aron Solomon (MaRS), Ben Zlotnick (INcubes), Gideon Hayden (OMERS Ventures) and Russell Samuels(Mantella VP).
FounderProject’s Ilan Saks told us that student startups from universities all across the Greater Toronto Area pitched at the event, and some will receive follow-on meetings with investors.
Emily Luk is FounderProject’s director for its Toronto team. She told BetaKit that some were shocked at the calibre and originality of the ideas presented. “Especially because many of them were only 20 or 21 years old,” said Luk. Many of the 35 student startups who pitched had never actually pitched their startup to anyone, let alone an investor before.
Nevertheless, those who attended apparently come away impressed. Luk said she was extremely pleased with how the event went. FounderProject’s existence lies upon enabling student startups by providing them with the help they need.
“A lot of them were telling us they don’t know where to find the resources, and not having access to that is one of their biggest issues. It validated our vision and it was proof that there are student startups out there who want to be a part of this kind of thing,” she said. “Our entire premise is that students are interested in doing things that aren’t traditional career paths, and it proved to us that those people both exist and they’re much further along that we would have guessed.”
Zlotnick echoed those sentiments. The founder of Toronto’s INcubes accelerator program for startups said that FounderProject’s Toronto team did an “awesome job of bringing out a diversified group of students from across the Toronto University scene, which was very impressive.”
“The vibe was really strong in the room, and the passion was definitely there,” said Zlotnick. “From the ones I saw, some might have some promise down the road. The most interesting pitch I heard was from a startup that caught me on the elevator down and walked me over to King Street before we split off!”
The Globe and Mail: "Ottawa unveils new visa stream to attract foreign entrepreneurs"
October 21, 2013
By JILL MAHONEY
Business Incubator stream to allow up to 2,750 foreign entrepreneurs in a year
The federal government is creating a new visa program to lure budding foreign entrepreneurs to Canada.
Citizenship and Immigration Minister Chris Alexander said the program, known as the Business Incubator stream, will help drive economic growth.
"This government does support business incubation. We know it’s the only way to stay ahead of competitors," he told a breakfast gathering hosted by the Canadian Association of Business Incubation in Toronto on Monday.
The Secret Sauce Behind Ontario's High-Growth Start-Ups
From the latest The Network of Angel Organizations Ontario Press Release:Ontario Angel Investment Surpasses $91M in 169 Early-Stage Companies
Since 2007, members of the network have invested and leveraged $255 million of private direct investment into 169 Ontario companies, creating and sustaining more than 2,200 jobs. This $255 million is composed of $91.6 million in direct member investment (includes $61.5 million from ANP-supported group members), and $163.3M in co-investment and follow-on investment by other investors.
“Entrepreneurs still need the private sector for the capital and expertise needed to commercialize. By supporting the network, the government provides entrepreneurs an opportunity to attract growth capital from private investors province-wide, “ said Jeffrey Steiner Executive Director of NAO-Ontario.
"Alternatively, supporting groups that allow the private sector to collectively select and invest in early-stage companies helps ensure that high-value opportunities move forward. Angel-backed companies illustrate small business job creation at its finest and catalyze significant economic development throughout Ontario,” NAO-O board Chair, Dr. Patricia Lorenz added.
Photos by Justyna Sokolowski of INcubes DemoDay INtake04, launching 5 ICT Startup Grad Companies, from INcubes Accelerator Program.
Demo Day on September 10th was a packed event with guests from Toronto and international investment community. The graduates are taking advantage of the Demo Day momentum and working hard “hustling” already!