The Most Complete Guide to Starting a Startup in Toronto
ERIC RAFAT, FOUNDERSBETA (AUG 22, 2019)
Planning to start a startup in Toronto? FoundersBeta has launched a new series on Startup City Guide across the world bringing you all the startup resources you need to know in Toronto.
There are plenty of Toronto startups and exciting companies in the city. Toronto is Canada’s largest city with a population of over 2.5 million people and an annual growth rate of 0.86%. This urban city is a host to the CN Tower, the Toronto Maple Leafs, diverse restaurants, and cultural performances leaving individuals from every walk of life attracted to this city. Let’s dive in and learn about some of these startup resources:
Startup Meetups
Toronto is full of new startup and tech meetups. It’s safe to say there’s no shortage of meetups as there’s always something happening. Here’s the list of active meetups in Toronto:
- FoundersCoffee
- StartupTech Unleashed
- F*ckup Toronto
- TechTO
- MarketingTO
- SalesToronto
- TravelTech Toronto
- HealthTO
- FinTech Toronto
- Retail Toronto
- OneEleven Events
- HackerNest Social
- StartupGrind
- Growth Hacking Toronto
- The Hip Haus
- Toronto Account-Based Marketing
- Customer Success Toronto
- Open People Network
- Toronto Enterprise Sales Forum
- InnovateWork TO
- Product Tank Toronto
- Toronto Product Management Association
- Startup 4 Chinese GTA
- DMZ Ryerson Event
- Centre of Engineering Innovation and Entrepreneurship Ryerson University
Conferences and Annual Events
Here’s the list of all annual startup conferences and events that occur in Toronto. There are some great conferences here on this list:
- Young Entrepreneur Conference
- Social Light Conference
- Canadian Innovation Exchange (CIX)
- Startup Open House
- Dx3 Canada
- Intrapreneurship Conference
- World AI Forum
Startup Competitions
Startup Competitions are a great way to win some non-dilutive funding. Non-dilutive sources of funding can give your startup not only a great boost but also you can get exposure to these startup pitches. In addition to the list below, you can check out our Startup Competition page to see the upcoming ones.
- Dragons’ Den
- The Queen’s Entrepreneur Competition
- University of Toronto Scarborough Startup Competition
- Unlock Your Big Idea Pitch Competition
- It’s a Start Pitch Competition
- The CNE Innovation Garage
- Telus Small Business Competition
- The Vinetta Project Pitch
- CIX Summit: Most Innovative New Canadian Tech Companies
- FinTech Cup
- Toronto Tie
- Lion’s Lair
- Starting Point Student Entrepreneurship Conference
- Rotman Design Challenge
- Health Edge
- Toronto Enterprise Fund
- N100
- The Pitch
- Student Entrepreneur National Competition
- FedEx Small Business Grant Contest
- Pitch for the Purse: Women Entrepreneurs Canada
- Ivey Pitch Startup Challenge
- RBC Epic Business Model Canvas
- Disrupt Mining $1 Million Pitch competition
- Synapse Life Science Pitch Competition
- Pitch to Rich Virgin Mobile Canada
- Pythons’ Pit HIgh School
- Make Your Pitch Competition High School
Startup Courses
If you’re looking to learn about Entrepreneurship check out the courses we currently offer.
Startup Jobs
If you’re looking to break into some startups we have all startup job listing here including Y Combinator startup jobs feed. You can also join our Facebook Group Startup Jobs here.
Startup Coach
Talking with a startup coach can accelerate your startup at the speed of light. You can book a time to talk with us here. We can help in terms of Growth hacking, Building an MVP, Finding a cofounder, Breaking into Startups, and much more!
Cofounders
If you’re looking for a cofounder join our FoundersCoffee to meet with potential cofounders. Additionally, you can post your opportunity on our Facebook group here: https://www.facebook.com/groups/foundersbeta/
Beta Testers
Finding beta testers is one of the biggest challenges you will face. You can post it on our forum here and also our Facebook group and we can help connect with our audience: https://www.facebook.com/groups/foundersbeta/
Startup Accelerators and Incubators
Toronto has a huge number of startup incubators and accelerators. Some tend to be university-affiliated, while others focus on specific industries. But what exactly is the difference between startup incubators and accelerators? Startup incubators tend to focus on early-stage while an accelerator focuses on fuelling the growth and expansion of a startup. Whether you think you might need an incubator or not depends where you are with your startup. Some incubators and accelerators can a lot of value while others tend to be useless and won’t add much value. Here’s the complete list of startup incubators and accelerators in Toronto:
- Creative Destruction Lab
- Entrepreneurship Hatchery
- Department of Computer Science Innovation Lab
- Impact Center
- Start@UTIAS
- Health Innovation hub
- UTEST
- ICUBE
- The Hub
- YEDI
- LaunchU
- DMZ
- Fashion Zone
- Biomedical Zone
- Legal Innovation Zone
- Clean Energy Zone
- Science Discovery Zone
- Transmedia Zone
- iBoost
- Joe Fresh Centre
- Startup Me Up
- DMZ Women Founders Accelerator Program
- Imagination Catalyst
- OneEleven
- The Next36
- Digital Media and Gaming Incubator
- Infiniti Lab Toronto
- Toronto Fashion Incubator
- Jlab
- ACCEL at the Centre of Entrepreneurship
- Edge Sheridan College Mississauga
- Lazaridis Scale Up Program
- Lazaridis Scale Up Program Women Cohort
- Ideaboost
- IBM Innovation Space Toronto
- Canadian Technology Accelerator Boston
- CleanTech North
- WaterTap Ontario
- Ontario Brain Institute: Build Your Neurotech Venture
- Queen’s Innovation Centre Summer Initiative (QICSI)
- Parkdale Innovates
- FACIT
- gBeta
- Y2 Labs
Startup Funding
Funding is always challenging at the beginning of a startup. Usually, because it takes a while to generate sales but also support yourself. Check out this list of startup funding.
- Summer Company
- Starter Company Plus
- SmartStart Seed Funding
- Canadian Digital Network
- CDMN Soft Landing
- Embedded Executive Funding Program
- MaRS Catalyst Fund
- Canadian Medical Association’s Joule Innovation grant program
- Embark Funding Program
- MITACS
- Industrial Research Assistant Program
- Built in Canada Innovation Program
- Bioenterprise Ontario Seed Fund
- FedDev IBI
- SR&ED
- ICTC
- SDTC
- OMDC Funding
- Canada Summer Jobs
- Chinese Angel Mentor Program
- Women Entrepreneurship Fund
- Ontario Bioscience Innovation Organization Funding
- Toronto Foundation Social Impact Investment
- Grand Challenge Canada
- Women Founders Fund
Here’s a list of all venture capital in Toronto. Some focus on certain industries such as Fintech or software-related products.
Venture Capital Firms
- OMERS Ventures
- Version One
- Relay Ventures
- Rho Ventures
- Golden Venture Partners
- iNovia Capital
- Real Ventures
- Georgian Partners
- Plaza Ventures
- Impression Ventures
- Round 13
- Klass Capital
- Mantella Ventures
- McRock Capital
- Gibraltar Ventures
- Tandem Expansion Fund
- IAF MaRS
- BDC
- Women in Technology Fund
- Panache Ventures
- Lumira Ventures
- Dream Maker VC
- Luge Capital
- Fundica Roadshow
- Angel Investors
Alex Norman @alexandernorman
Hussien Fazal @hussein_fazal
Ameet Shah @ameetshah
Ken Nickerson, iBinary @kcnickerson
Chris Ye @cye
Mike Serbinis @mserbinis
Dennis Kavelman @dkavelman
Andrew D’Souza @andrewdsouza
Ameet Shah @ameetshah
Alkarim Nasser @alkarim
Derek Szeto @derekszeto
Alex Black @WaterlooAlex
Fahd Ananta @fahdananta
Randall Howard @randallh
Jesse Rasch, Hedgewood
Dominic Bortolussi @dombort
Greg Wolfond, Blue Sky Capital
Daniel Debow, @ddebow
Jevon MacDonald, @jevon
Jonas Brandon @jonasbrandon
Ben Yoskovitz, @byosko
David Ossip, @dossip
David Stein @dstein
Dennis Bennie, XDL Capital
Mark Skapinker @markskapinker, BrightSpark
Nick Koudas @koudas
Anand Agarwala @anandx
Chris Eben @ceben
Tom Williams @tomwilliams
William Mougayar @wmougayar
Chris Carder @KineticCafe
Larry Innanen Linkedin
Mike Stork
Bruce MacLellan
Todd Finch @toddmfinch
Allen Lau @allenlau & Eva Lau @MrsEvaLau
Albert Lai @albertsupdates
Jennifer Lum @lum
Nigel Stokes @MindAngler
Chris Erickson
Marzio Pozzuloi @MarzioPozzuoli1
Mark Ruddock @MarkRuddock
Brian Sharwood @bsharwood
Hackathons
Women Entrepreneur Resources
- Connections Silicon Valley
- Women in Technology Fund
- Women Entrepreneurship Fund
- RBC Women Canadian Entrepreneur Award
- Women of Distinction Award YWCA
- DMZ Women Founder Accelerator Program
- ElleHacks
- Girl Geeks Toronto
Student Organizations
If you’re a student looking to get involved on your campus check out these entrepreneurship clubs to get started for potential events or opportunities.
- Rotman Entrepreneurship Organization
- UTM Entrepreneurs Club
- REVCA University of Toronto
- Ryerson Entrepreneurship Association
- Entrepreneurship Development Association YorkU
- Schulich Startup Night
- Nspire
Entrepreneurs Awards
Being a founder is the most challenging yet rewarding work. These awards celebrate entrepreneurship in Canada.
- Enactus Student Entrepreneur
- Ey Entrepreneur of the Year
- RBC Canadian Women Entrepreneur Award
- Vision to Reality Award PWC
- Women of Distinction Award YWCA
- Wise 50 Over 50
About the Author:
In Pursuit of World-Class Excellence. Eric is founder of FoundersBeta with a wealth of expertise in startups, building high-performing teams, and product development. He is a top ranked tennis player and always up for a conversation about startups. Check his projects at www.ericrafat.com