Archives for Apr,2018

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Congratulatory Announcement by FedDev at YEDI

On April 27th, 2018, Michael Levitt, Member of Parliament for York Centre, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), celebrated YEDI’s recent ranking by UBI Global as the #1 University Linked Accelerator in the World.

In just four short years, YEDI has pioneered an innovative methodology for business acceleration, which combined with strong partnerships and talented mentors, has propelled them to become the leading acceleration program in the world!

The celebration event was attended by Michael Levitt, Member of Parliament (York Centre), on behalf of the Honourable Minister Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with YEDI alumni, community partners, and supporters, to mark the international recognition of YEDI’s program delivery.  In 2017, FedDev Ontario made a non-repayable contribution of almost $2 million towards the delivery of YEDI’s Incubator Track program, one of the Institute’s successful programs delivered to 45 entrepreneurs in York Region and the City of Toronto.

UBI Global is a Swedish-based data and advisory firm specializing in mapping, highlighting, and connecting the world of business incubation. According to UBI Global, a top university-linked acceleration program is a business accelerator connected to an institution of higher education that achieves outstanding impact and performance relative to its global peers. The program outperforms its global peers with regard to the value it provides to its innovation ecosystem and its client startups, as well as the attractiveness of the program itself.

This year’s rankings showcased the growth and improvement of Canada’s incubation and acceleration landscape with many of the top programs being from Canada.

As YEDI embarks on its fifth year, it is looking forward to welcoming international entrepreneurs, growing the Incubator Track, and expanding the YEDI Business Acceleration campuses.

“Congratulations to the York Entrepreneurship Development Institute on being ranked the #1 University-linked Business Accelerator in the World by UBI Global for 2017/2018! This accomplishment brings great pride to the southern Ontario region and Canada.”

– Michael Levitt, Member of Parliament (York Centre)

“The successful delivery of incubator track and accelerator programs is vital in supporting the growth of high-potential, early-stage businesses and positively impacts the startup ecosystem in Canada. I am pleased to see the success YEDI is having in providing Canadian entrepreneurs with innovative tools and skill development, along with opportunities to engage investors, enhances their ability to scale-up and expand into new markets.”

-The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario

 

 

 

 

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YEDI Concludes Extremely Successful Global Start-Up Mission to Israel

In March, YEDI concluded the first ever Canadian Global Start-Up Mission led by a university-linked business accelerator, and the results have exceeded the best expectations. Among many other successes, new agreements valued at $7.35 million were signed between YEDI, Canadian mission participants and Israeli ventures and organizations.

Many start-ups are looking to access global markets very early, and for several, their first entry market will not be Canada. Accessing emerging markets can be challenging due to significant differences in culture, business environment and in often language barriers. These “born global” start-ups need help overcoming these common differences to doing business abroad, as well as accessing business networks.

In partnership with Canadian and Israeli institutions, 10 Canadian ventures spent a full month experiencing and learning from Israel’s unique start-up ecosystem. Selected entrepreneurs participated in an intensive global entrepreneurship development program led by business leaders and start-up founders. Throughout the program, entrepreneurs visited global companies and unique start-ups, and met with top leaders of Israel’s start-up ecosystem and government officials responsible for the growth and development of SMEs.

Highlights:

  • $7,350,000 in overall agreements and MOUs signed by YEDI and mission participants
  • $580,000 total investment secured as a result of the mission, with $50,000 distributed during the mission
  • Met with Government Ministers and Chairs of Parliamentary Committees responsible for growth and innovation in Israel
  • YEDI authorized to issue letters of support for Israel’s Innovation Authority granting opportunities to Canadian-Israeli projects
  • Ariel University in collaboration with YEDI was invited by Israeli government to submit a funding application for up to $20 million Shekels in order to build a YEDI Business Acceleration Campus and international entrepreneurship development program in Israel.
  • Visited institutions and support services including: Israeli Knesset, Israel’s Innovation Authority, Technion University, Ariel University, Volcany Center, Barkan Manufacturing Zone, and Haifa Port Authority.
  • Visited successful global start-ups: Fiverr, Foresight, Allot, StoreDot, Our Crowd and many more.

“The trip was an invaluable and eye-opening experience. It provided us with knowledge, connections and platforms from which to build international collaborative projects and business partnership opportunities that will strengthen our venture and its growth in Canada and internationally.” Natalya, Founder of Cleanopy

 

 

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