Toronto

There are 84 posts tagged Toronto (this is page 3 of 28).

Ontario Startup Train Meetup – June 10, 2013

Update: The event date has changed to June 10, 2013.

In partnership with Via Rail consider this your official invite to our Ontario Startup Train wine and cheese on June 10th at Union Station in Toronto. We hope to get all our train attendees, alumni from last year and anyone considering coming this year together to start connecting and meeting before we even board the train. If you haven’t bought your ticket, come out and meet us.

If you don’t have your train ticket yet, grab one now as we will sell out again this year. Our early ticket purchasers get dibs on spots for our on-train mentoring with the likes of Jim Estill, Zak Homuth, Brian Kobus and many more.

You remember the roadtrips of your youth, some with your parents, some with just friends. For our greatest roadtrips, we remember the journey the rest of our lives but often pause and think “where were we headed?”

“Sometimes it’s a little better to travel than to arrive”, ZAMM, Robert Pirsig

Last year we organized a roadtrip for startup founders and funders. We reserved our own car on a Via train and packed it full of entrepreneurs. Our destination was The International Startup Festival in Montreal for three full days of meeting, conversing, learning and working with a truly international audience of startup people.

This July, we’re aiming to have three cars, two passenger cars along with a bar car that we’ll use for our on-train events.

Startup conferences are very different beasts compared to their corporate cousins. People aren’t attending “because my boss sent me”. Instead the majority have spent what little pocket change they have to get there. The result is a conference filled with hustlers motivated to get a ton of value out of being there. We hope to help.

Instead of wasting your travel time, join us on the Ontario Startup Train and let’s get organized before we’re even registered for the conference. Our hope is to get you thinking and sharing what you need to get out of attending this conference before hand. Sharing that with other people on the train means it won’t be just you hunting for an introduction to Dave McClure or speaking to that potential partner you want to invite into your new project.

GTA Tech Leaders Concert – May 30 2013 @ Sound Academy

May 30, 2013 - GTA Tech Leaders Concert

 

Are you waiting impatiently for Dreamforce? Why Dreamforce? Where else could you have seen: Red Hot Chilli Peppers (2012), Metallica (2011), Stevie Wonder (2010), Black Crowes (2009), Foo Fighters (2008), Inxs (2007), Train (2006), etc. It’s an amazing list of bands but you have to head all the way to San Francisco to find out who’s headlining 2013. Why not try something a little more local and a little sooner.

Ok, it’s not Dreamforce, but the folks at KPMG have put together  the KPMG GTA Tech Leaders Concert Series – AmaTour (password: KPMG). The event is Thursday, May 30, 2013 at Sound Academy on Polson Pier. It features bands from Ceridian (formerly Dayforce), KPMG, Smithson Martin, Intelex and others. Rumor is there might be a big name or two that take the stage. Alan Smithson is MCing/DJing. If you aren’t familiar with Alan, his Emulator is used by Linkin Park and Infected Mushroom and others. It’s going to be fun.

The goal of the event is to raise money in support of the Ride to Conquer Cancer. Tickets are $40 each with 100% of the proceeds going to Ride to Conquer Cancer.

The Toronto startup community lost a good friend in Michael O’Connor Clarke to cancer on October 14, 2012. And we will not forget, and we continue to support fundraising efforts. This is a great opportunity to get out of the office for a social evening with some tunes and make some connections.

Join us Thursday, May 30 (password: KPMG) for a social event.

Disclosure: KPMG is a sponsor of StartupNorth.

Bay Street & Natural Resources – FinTech in Toronto

TL;DR

Toronto is a center of gravity for financial services. There aren’t a lot of financial technology startups in Toronto. There is a new Toronto FinTech Meetup. FIrst meeting is Wednesday, April 10, 2013 at the MaRS Commons (Suite 230, 101 College St.) hosted by Blair Livingston of Quantify Labs.

Bay Street and Natural Resources

[Editor’s Note: This is a guest post by Blair Livingston LinkedIn , founder of Quantify Labs. Full disclosure: I’m an investor in Quantify Labs. Blair and I share a view that given the technology and talent available on Bay Street there should be a strong financial tech and startup community in Toronto. It is sad that my typing “toronto fintech” into Google results in a Montreal conference as the first result. ]

Google Search for Toronto FinTech

Great cities prosper and thrive, in part, because of their proximity to valuable resources. Arguably, the nearby resources were likely the main reason the city or village was situated in that location to begin with. However, it’s not enough to simply be near resources – gold still has to be mined – and we need to put those resources to work. Indeed, Canada is a country rich in resources; we have diamonds, gold, lumber, oil, gas and everything in-between. Canada’s strong economy is fuelled in part by this abundance of resources.

However, over the last hundred years (or so) new types of resources have emerged – communities, technologies, groups, industries and people. Many of these resources don’t take the familiar form of something tangible and malleable, and for that reason can go unnoticed for a long time.

One Hub to Rule Them All

When we talk about finance, we invariably talk about New York City. We talk about Wall Street, the 1%, and a concentration of capital, services, people and technology that makes NYC one of the financial industry capitals (if not THE capital). It is the density of entrepreneurs, emerging companies and people that are one of NYC’s greatest resources. Consider the effects on start-ups built to service financial companies – this industry has supported, nurtured and allowed some of the biggest financial technology companies in the world to grow and flourish in its ecosystem.

Bloomberg LP, with estimated yearly top line revenues of $10 billion, was started in New York. The city is host to a number of trading venues, back office technology providers, data aggregators and other interesting and innovative companies built on the resource of this community concentration. They even have an accelerator dedicated solely to financial services technology (appropriately named the FinTech Innovation Lab).

In New York, FinTech flourishes by connecting the community and building an ecosystem that leverage existing resources. Financial institutions play a role in supporting the new ecosystem by acting as customers, acquirers of startups and hiring talent that develops in each of the early stage companies. Demonstrated by the support, both financial and at very high management levels, that FinTech Innovation Lab receives. It’s no wonder a large portion of all leading financial technology, especially institutional tech, is coming out of New York.

Where is FinTech in Toronto?

Toronto has a booming financial industry. Our banks are in excellent shape. The combined market capitalization of Canada’s six leading banks is more than $323 billion. And with that kind of market capitalization comes new problems, new opportunities and potentially new tech. The difficulty lies in the regulation, legislation, risk standards and software/hardware requirements. This poses challenges for developers and entrepreneurs in selling to financial services firms. It doesn’t matter if the solution is aimed at the retail (bank branches or individuals), corporate (the mother ship) or institutional (sales & trading, investment banking). Selling to financial institutions is not an easy process. It requires assistance in process, guidance (legal, technical, financial), support, experience and a depth of knowledge that is greater than just hustling.

It is because of the complexity in the go-to-market and technical requirements, why very little innovation happens in financial services technology (aka fintech). It’s like the shadow cast on a wall – it looks menacing, like a panther or some dangerous beast – but in reality it’s only a little kitten. If you understand how to deal with the issues, and properly approach them, they aren’t all that scary (and a little help never hurts).

But, with little innovation comes massive opportunity – there is so much opportunity in financial technology that it’s hard to decide where to begin.
What Toronto needs is to start taking advantage of these resources – a thriving financial services industry. It’s already happening in pockets around the city, but it’s about time we started getting aligned to make a consolidated push together. I have had the opportunity of meeting with/hearing about/noticing some interesting financial tech companies in the city, who include:

  • D+H (payment/lending solutions)
  • Market IQ (data/social sentiment analysis)
  • FINMAVEN (data/social sentiment analysis)
  • eDYNAMICS (salesforce integration and consulting/cloud computing)
  • OANDA (FX trading platform)
  • Quantify Labs (institutional content/CRM platform)

Who else should be on this list? Who are the startups, developers, investors and entrepreneurs that are interested in FinTech in Toronto? If the community is the framework, let’s get the community going. Let’s share stories and guidance on selling, building and launching financial technology. Let’s offer insight and experience into usage and problems. Let’s discuss. Let’s take advantage of one of this city’s most abundant resources. That’s what we want to do, and if you have any interest in financial technology, I would encourage you to sign up for the Toronto Fintech Meetup. We’re having our first ever meeting next Wednesday, April 10th, at the MaRS Commons, just a ‘get to know you’ – no speakers, no schedule, just an introduction to the financial tech community in Toronto.

When I started in finance ask a desk analyst, I was repeatedly told – “it’s too bad, the low hanging fruit is gone” – well I took a walk out of that orchard, down the lane, and stumbled into another called Financial Technology. The fruit just isn’t low hanging, it’s on the ground – we just need a few more people to come help us pick it up.