A conversation about MaRS

Dan Debow (LinkedIn) kicked off a conversation about MaRS on the StartupNorth Facebook group. It is an interesting thread with views on the efficiency of our tax dollars, the applicability of building office towers to stimulate the innovation economy, and the relative utility of advisory services for startups.

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Have you used MaRS advisory services or real estate? Do you have an opinion about the impact on your startup? Participate in the conversation.

Post by StartupNorth.

The children are our future

CC-BY-20 LicenseAttribution Some rights reserved by regan76

We’ve been talking about how much support and infrastructure has changes for young entrepreneurs. When I graduated from the University of Waterloo, I did not know about startups. I looked at places like Interval Research Corporation, Xerox PARC, Advanced Technology Group as where new technology and innovative products were built and launched. When I thought about becoming an “entrepreneur”, it looked more like owning a sports store or being a consultant. I did not have role models or experiences that showed me the path to becoming an entrepreneur.

I have been lucky to be a part of the creation of UW VeloCity. VeloCity happened because of a generous donation by Ted Livingston, the vision of Bud Walker and  the leadership of Jesse Rodgers. For me, VeloCity was that thing I wish I had as an undergrad, beyond the cooperative education. The simplicity and support that high potential growth, technology companies were something that I could do (sure I had a degree in Kinesiology, but I was building software on NeXT machines). I did not have context or exposure to founders and the “startup” mindset.

It is great to see the support that IAF continues to offer Ontario entrepreneurs. The announcement of the Youth Investment Accelerator Fund is amazing. It was launched in 2013. We haven’t talked a lot about it as a funding source. But it is unique. The program invests up to $250,000 per company in technology-based startups founded by entrepreneurs under the age of 30.

The program has announced it first investments that include:

Go read Ian Hardy’s BetaKit piece for more details on the companies.

I continue to be surprised at the level of support for Canadian entrepreneurs with the government programs. There are conversations that need to be had about the efficacy of the direct versus indirect investing and services model. And it seems like this is happening at many levels from the Venture Capital Action Plan. (This is a conversation that needs much social lubricant – bring on the whisky).

I love seeing the changes and support of entrepreneurship as a career path with programs like UW VeloCity, Ryerson’s Digital Media Zone, UofT Creative Destruction Lab and others. The additional support of programs like the Youth IAF (and the IAF proper) where capital is deployed by real VCs to companies is fantastic.

Keep up the good work Barry, Michelle, Scott, Jared, Rob and the whole team.

Lean Startup Day @ MaRSDD on Dec 3, 2012

Lean Startup Day Toronto - Dec 3

The team at MaRS and JoltCo are providing local access to The Lean Startup Conference Livestream. Sure they’ve been crazy enough to invite me to host the event and a panel, but that shouldn’t keep you from attending. This is a full day event, it starts early (because we’re EST) and continues late (because the conference is PST).

The event is divided into 2 streams:

  1. Stream 1 – Hands on stories, workshops and discussion with people in the local ecosystem
  2. Stream 2 – Livestream of the conference from California and the program looks outstanding with Matt Brezina, Danny Kim, Jocelyn Wyatt, Stephanie Hay as well as the usual luminaries (Eric Reis, Steve Blank, etc.)

Great opportunity to connect with other founders and entrepreneurs. Talk about what is working, what hasn’t worked, and what else you can try. The benefit of having a strong community like we do in Toronto, is that we can get together and share. The community is not an end in of itself, it is a means to an end. And while entrepreneurship can be lonely, there is an accessible community of other entrepreneurs, mentors and others that can help.

First, you need to put yourself in a path for these unexpectedly good things. Second, you have to be able to see these serendipitous events — you have to make the connections. And third, you have to be able to act them. The definition of luck is that you were willing to do something.” Lane Becker