
Toronto is becoming one of the best places to build a startup, but most of the early-stage entrepreneurs we speak to aren't aware of the local tech resources that are available to help them.
With applications for the Toronto Founder Institute now open, we're excited to release the Toronto Startup Resource Guide, which is currently in Draft v3 below! It was developed by the Toronto Founder Institute and local leaders: Ali Khadjavi, Ignacio Castro (MD, 128vc), Sunil Sharma (Canada Director, Founder Institute )
This is just a draft, and while we spent many hours on this research, more input is needed. Please leave your comments on this collaborative Google document to help us complete the list. There are definitely omissions on this current version.
Are you looking to build a startup in Toronto? Then apply to the Toronto Founder Institute today!
Text version included below, for ease of searching:
Startup Stages
There is no one right way to build a technology company, but for the sake of simplicity we have outlined a basic, common, sequential framework.
1. Idea Stage
This is where new entrepreneurs get inspired, learn best practices, develop skills, validate ideas, and begin to build their team and product.
A. Inspire
- Toronto Startup Media: Centralized local information, listings, and news. (i.e. startup blogs/ publications/ lists/ FB groups/ newsletters)
- Inspirational Toronto Startup Events: Open, inclusive startup events that often focus on ideation. (i.e. Startup Weekend, idea fairs, and inspirational meetups)
B. Educate
- Best Practices: Beginner knowledge-sharing tech events. (i.e. beginner events that serve to educate more than inspire).
- Training & Feedback: Skill & Idea development events and startup bootcamps for entrepeneurs. (Includes comprehensive training programs, like Founder Institute, General Assembly, Lean Startup Machine, code camps, etc)
C. Validate
- Team Formation: Events for Finding Co-founders in Toronto. (i.e. tech networking events or other resources that facilitate early-stage recruitment and cofounder matching)
- Build First Product: Hackathons & product events in Toronto.
2. Launch Stage
In this stage, entrepreneurs establish and formalize the company, develop the product, get feedback from customers, and prepare for the next step.
A. Start
- Establish: Toronto law firms & banks for startups
- Aird & Berlis
- Alterna
- Bennett Jones
- Blakes
- BMO
- Caravel Law
- CIBC
- CIBC Innovation Banking
- Cobalt
- Conduit Law
- Dentons
- Fasken Martineau
- Goodmans
- Gowlings
- LaBarge Weinstein
- McCarthy Tetrault
- Norton Rose Fulbright
- Osler
- RBC Royal Bank
- SabetaIP
- ScotiaBank
- Silicon Valley Bank
- Stikeman Elliott
- TD Canada Trust
- Torys
- Wires Law
- WeirFoulds
- Toronto Workspaces: Co-working and flexible workspaces for startups in Toronto.
B. Develop
- Formalize: Toronto accounting, development and HR tools for early-stage startups.
- AVAJ
- BDO
- Bennett Gold
- Blanclabs
- Boast AI
- Brightlights Inc
- Climax Media
- Collins Barrow
- Deloitte
- Design Co-Founders
- DevDec
- Extreme Innovations
- Fasken
- FireStitch
- Found
- Full Stack HR Inc
- Functional Imperative
- Jaxx
- Kinetic Cafe
- KPMG
- Linkus
- Peak Performance HR
- Richter LLP
- Source Code Staffing
- The App Labb
- The Working Group
- TribalScale
- Welch LLP
- Xen Accounting
- Toronto Incubators: Groups that prepare companies for seed investment and provide advanced mentorship. (i.e. advanced knowledge sharing, later stage events and resources)
C. Launch
- Toronto Seed Accelerators: Seed funding mentor programs (Techstars-style programs that provide funding)
- Pitch & Demo Events: Tech events that showcase Toronto startups for investment.
3. Growth Stage
Here, a startup proves their utility, receives recognition, and scales up. This usually requires funding, angels, VCs, and ways to connect them to startups.
A. Recognition
- Toronto Investor Networking: Events and groups that connect professional investors with founders.
- Major Media: Mainstream local business press that often showcase local startups.
B. Funding
- Toronto Angel Investors: Seed-stage investors and micro-vcs.
- 500 Startups Canada
- Angel One
- Benjamin Yoskovitz
- Canadian Media Fund
- Daniel Debow
- Extreme Venture Partners
- Female Funders
- Freycinet Investments
- Futurpreneur
- Golden Triangle Angel Network
- GreenSky Accelerator Fund
- GreenSky President’s Club Angel Network
- Jennifer Lum
- Jevon MacDonald
- Ken Nickerson
- Maple Leaf Angels
- MaRS Investment Accelerator Fund
- Nigel Stokes
- RBC Generator Fund
- Ryerson Futures
- Spark Angels
- Todd Finch
- Two Small Fish Ventures
- Wonderment Ventures
- York Angels
- Toronto Venture Capitalists: Series A and beyond
- ArcTern Ventures
- BEST Funds
- Blockchain Founders Fund
- Brightspark Ventures
- BDC Capital
- Emerald Technology Ventures
- EnerTech Capital
- Espresso Capital
- Genesys Capital
- Georgian Partners
- Gibraltar Ventures
- Globalive
- Golden Venture Partners
- Hedgewood
- iGan Partners
- iNovia Capital
- Impression Ventures
- Information Venture Partners
- Investeco
- Klass Capital
- Mantella Venture Partnersl
- McRock Capital
- OMERS Ventures
- Plaza Ventures
- Real Ventures
- Relay Ventures
- Rho Canada Ventures
- Rogers Ventures
- Round13 Capital
- Tandem Expansion Fund
- Trellis Capital
- TSX Venture Exchange
- Wellington Financial
- Whitecap Venture Partners
- XDL Capital
C. Growth
- Infrastructure: Office space, HR, local business insurance. (i.e. office space/ HR/ insurance providers for capital-rich companies to grow and scale)
- Expansion: Toronto Growth accelerators and consultants. (i.e. programs and business consultants for capital-rich companies to grow and scale)
4. Toronto Startup Success Stories
Successful homegrown companies that have raised significant institutional funding, employ a large workforce, or have achieved liquidity.
Supporters
To facilitate the steps, every ecosystem needs strong supporters.
1. Toronto Startup Leaders
Successful local founders who lead the ecosystem & frequently mentor newbies.
- Allen Lau
- Andrew D’Souza
- Anthony Lacavera
- April Dunford
- Arati Sharma
- Ben Stacey
- Ben Yoskovitz
- Ben Zifkin
- Brice Scheschuk
- Bruce Croxon
- Dan Debow
- Dean Hopkins
- Farhan Thawar
- Iain Klugman
- Janet Bannister
- John Philip Green
- John Ruffolo
- Jordan Banks
- Karl Martin
- Kirk Simpson
- Matt Golden
- Michael Hyatt
- Michael Serbinis
- Michele Romanow
- Mike Katchen
- Mike Silagadze
- Paul Slaby
- Richard Hyatt
- Ryan Micheletti
- Salim Teja
- Sheldon Levy
- Somen Mondal
- Sue Britton
- Sunil Sharma
- Tami Zuckerman
- Tom Emrich
- Yung Wu
2. Toronto Government Startup Resources
Public organizations that facilitate local economic development
- Business Development Bank of Canada
- Canadian Trade Commissioners
- City of Brampton
- City of Innisfil
- Digital Finance Institute
- Enterprise Toronto
- Export Development Canada
- FedDev Ontario
- Finance Montreal
- IRAP
- Ministry of Research and Innovation (Ontario)
- Ministry of Innovation, Science and Economic Development (Canada)
- Ontario Centres of Excellence
- Sustainable Development Technology Canada
- Toronto Global
- Toronto Financial International
3. Talent
Major local business or tech universities and employers that attract and retain local talent.
- Local Toronto Tech Universities (universities with prominent technical or business programs)
- Toronto Tech Employers
Learn more about the Startup Ecosystem Canvas here, and leave us your thoughts on the Toronto Canvas on this collaborative Google document (This is just a draft, and more input is needed!)