A Quick Look: YEDI
YEDI accepts 15 entrepreneurs per cohort. An Expert Committee comprised of industry experts and partners will be responsible for evaluating applications based on set criteria.
Program graduates are eligible for up to $30,000 in seed funding upon successful program completion.
This funding is intended for early-stage opportunities in the Start-up validation stage, when the scientific, technical and commercial merit, as well as the feasibility of the Applicant's product or service has been determined.
Graduates will be eligible for a non-repayable contribution toward direct eligible costs of up to $30,000.
Entrepreneurs need as many opportunities as possible to showcase their companies. Upon successful completion of the accelerator program, YEDI students will present their businesses and non-profits at the exclusive Venture Fair and pitch for the opportunity to receive up to $500,000 in funding from YEDI's own venture capital fund, as well as potential financing from other venture capital firms and direct investment by banks.
The Venture Fair provides a concrete opportunity for fellows to showcase their business plan, models, and milestones to an investor audience, as well as create industry partnerships that will take their venture to the next step in development and success.
Accepted students undergo a free, intensive 16-week program, including formal academic lectures by Schulich Executive Education Centre instructors, workshop-based training in entrepreneurship, and mentorship by key industry leaders. At the end of the incubator, entrepreneurs will have a professionally developed business plan, an executive summary, and a proper business model that is ready to pitch and potentially bring to the market. Upon successful program completion, participants receive a formal institutional certification from York & YEDI.
YEDI is sector agnostic and will consider for-profit start-ups from any industry.
All courses and workshops are conducted at the Schulich Executive Education Centre; all work facilities are located at the York University campus in Toronto.