Insurer Great-West Life Assurance Company is investing $300,000 over three years in Univ of Toronto’s Creative Destruction Lab (CDL) – Toronto, a seed-stage program located in the university’s Rotman School of Management. The nine-month program helps technology startups to scale up by providing entrepreneurs with mentorship, development support and guidance in looking for capital from venture capital firms. There are currently more than 100 companies in CDL-Toronto this year, and they recently had intensive sessions where they met with mentors, investors, corporate sponsors and successful entrepreneurs. Great-West Life’s parent firm, Great-West Lifeco, has interests in a joint venture investment in Portag3 Venture, which supports promising fintech companies in Canada and beyond. CDL-Toronto’s graduating ventures last year raised more than $46 million. Other CDLs are located in British Columbia, Calgary, Quebec, Nova Scotia, and a new one is scheduled to open in New York this year.
Trending by Topic
Research Money News
R$ Welcomes New Team Member
We’re delighted to welcome Mark Lowey as senior correspondent for Research Money.Read More
Role Models Matter
The latest issue of Canadian Innovation News is now available for free.Read More
RE$EARCH MONEY welcomes its readers to submit articles of either 650 or 1,000 words for its popular Opinion Leader page, on topics of interest to the research and innovation community. We also welcome Letters to the Editor and other feedback. If you would like to submit an article or if your organization has news or events that it would like to appear in RE$EARCH MONEY please contact Mark Henderson, Managing Editor, for further information.
- National Research Council
- Natural Sciences and Engineering Research Council
- Canada Foundation for Innovation
- Univ of Toronto
- Univ of British Columbia
- Canadian Institutes of Health Research
- Technology Partnerships Canada
- McGill Univ
- Univ of Alberta
- Univ of Waterloo
Research Money on Twitter
- Loading tweets...