What distinguishes YEDI from other start-up incubators?
YEDI is a not-for-profit, charitable institution granting a formal and joint YEDI-York University certificate, where emphasis is placed on an intensive, educational, as well as hands-on program and workshop for venture founders. YEDI believes in training and skilled entrepreneurship as the fundamental tool in refining a product/service and a launch pad for attracting resources and financing. Following program completion, fellows pitch their project for funding from YEDI’s own venture capital fund, as well as potential financing from other venture capital firms and direct investment by banks. Additionally, successful entrepreneurs will have the opportunity to obtain a Letter of Support from YEDI or other organizations designated by the Government of Canada under its Start-Up Visa program.
Do selected candidates receive funding at the start of the program?
No. “Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” YEDI believes in first providing real training to cement exceptional entrepreneurial skills prior to giving ventures access to capital.
Will YEDI help me get funding after the program ends?
Yes. As a fellow, you will first be thoroughly prepared by a guided process in the creation of a solid business model that is in accordance with Canadian business standards and is financially viable, marketable, as well as, attractive to funders. You will then have the exclusive opportunity to showcase your proof of concept at the YEDI Venture Fair, liaise with industry members, and pitch your project for a chance to receive funding of from YEDI’s own venture capital fund, as well as funding from other venture capital firms and potential for direct investment from banks.
What is expected of me if I enter this program?
If you are selected as a fellow and accept the offer, you must remain completely committed throughout the duration 2-week program, this means your attendance at the daily lecture, seminar, or workshop is mandatory. Additionally, you must submit the milestone assignments in a timely manner. YEDI provides intensive and rewarding training of the highest caliber; you are expected to exercise discipline and readiness to undergo entrepreneurial development at this level.
Where does the program take place?
Lectures are taught at the Schulich Executive Education Learning Centre on York University campus in Toronto, ON.
Is there an application or course fee?
The program fee is $10,250 and applies to tuition, accommodation, meals, and trips. For detailed fee information please contact: info (at) yedinstitute (dot) org
What types of ventures is YEDI accepting and looking for?
YEDI is scouting for innovative ideas at any stage of their cycle. “Innovation” strives to both solve an issue, as well as alter the system that initially gave rise to such issue. Startups from any field will be considered. See “Eligibility” for details.
How are the fellows selected?
Applications are first pre-screened by experts. Secondly, they are reviewed by the Selection Committee, which is composed of a special panel of judges from venture capital, not-for-profit, and for-profit circles, based on a set rubric that aligns with YEDI values. Selected candidates are then shortlisted and interviewed by the program advisors. Those who succeed this phase then proceed to be inducted to the program. See “Important Dates” for more details.
How is my idea protected when I apply?
Is the program only open to students?
We believe that good ideas can be born at any age, to anyone. YEDI’s program is not limited to students. All adult ages are welcome to apply.
Can we apply in teams?
If an idea was founded by more than one person whose added value is irreplaceable for the venture, YEDI will consider more than one applicant.
Am I eligible and how do I apply?
Please ensure your eligibility here, applications will only be accepted online.
The Application Portal isn’t working! What should I do?
If the portal is not accepting your application after two attempts, send an alert to apply (at) yedinstitute (dot) org.