茄子直播 taps expertise of leading alumni to cement its reputation as place for global entrepreneurs
If you've fostered the growth of hundreds of student and researcher startups, and your alumni have founded 190,000 private sector companies and non-profit organizations that generate US$368 billion a year, where do you go next?
For the University of Toronto, the answer is to tap the expertise of accomplished innovators and entrepreneurs from its alumni and friends to help write the next chapter in entrepreneurship at Canada鈥檚 top university.
鈥淔or such a large school, it just seems like everyone has this buy-in [for entrepreneurship] which you just don鈥檛 typically see,鈥 said Gurinder (Gary) Sangha, who recently joined 茄子直播鈥檚 22-member Entrepreneurship Leadership Council.
鈥淚t鈥檚 not a check-the-box, 鈥榳e do this too鈥 kind of thing. It鈥檚 very serious,鈥 said Sangha (pictured left), a self-described rebel who has founded several startups in the legal and financial services sectors since graduating from 茄子直播.
This Is The Place: Read more stories about entrepreneurship at 茄子直播
The hubbub of activity happening in the 茄子直播 entrepreneurship community will be on full display next week with the second annual , culminating in the Startup Showcase on Thursday, March 1.
Growing that energy and opening up new global markets for these fledgling startups are two of the key goals of the council.
Along with Sangha, the council includes established and up-and-coming CanadianFo and global leaders in a variety of fields, such as Purpose Investments Inc.'s CEO Som Seif, WIND Mobile founder Tony Lacavera, who is chair of the council, and Layer 6 co-founder Jordan Jacobs, who recently sold the venture to TD Bank for reportedly more than US$100 million.
鈥溓炎又辈 is fortunate to have such a strong number of alumni and friends who are leaders in industries that are disrupting and remaking the global economy,鈥 said Vivek Goel, 茄子直播鈥檚 vice-president of research and innovation.
鈥淭hey are an amazing resource for us to learn from as we seek to create the next great global entrepreneurs here at 茄子直播,鈥 he said.
茄子直播 is an ideal place for future entrepreneurs to get their start, said ELC member Catherine Lacavera.
If they encounter any challenges, from writing a business plan to finding an expert in writing machine learning algorithms, they can reach out and find an expert on the three campuses.
鈥淭here鈥檚 an incredibly rich soil here to build well-rounded companies. You have so many resources at your disposal,鈥 said Lacavera (pictured left).
The head of Google鈥檚 litigation, employment and discovery practice groups, Lacavera regularly comes back to campus to mentor student startups at The Entrepreneurship Hatchery. She said she's constantly astounded by the ingenuity and creativity of the early-stage startups she works with. But don鈥檛 ask her to pick favourites.
鈥淚 can鈥檛 pick just one,鈥 Lacavera said with a laugh. 鈥淭here鈥檚 too many and I fall in love with all of them. It would be like choosing a favourite child.鈥
It鈥檚 a remarkable change since her time as a student at 茄子直播, she said. Now, entrepreneurship is 鈥渂uilt into the learning experience鈥 with more than 80 programs and courses offered.
鈥淏efore the goal was to get a well-paying job and that will take care of you,鈥 said Sangha. 鈥淪ince the financial crisis, I think people realize that may not be the case anymore. . . . And I think it鈥檚 sexier now [to start a company] than it was in the past.鈥
The entrepreneurship community at 茄子直播 has grown rapidly in recent years with nine campus accelerators fostering the development of 200-plus student startups each year.
鈥淭he size and breadth [of 茄子直播鈥檚 entrepreneurship community] is like 鈥楬oly cow!鈥欌 said Sanga. 鈥淢ost schools might have one [accelerator] at best. This is like industrial scale.鈥
The university鈥檚 expertise has even seen the Creative Destruction Lab expand to both the West Coast and New York City, as well as open a new quantum machine learning program 鈥 touted as the first-ever attempt by a business accelerator to marry the booming field of machine learning with the nascent technology of quantum computing.
On the researcher side, the is helping graduate students and faculty secure an ever-increasing number of patents for their ground-breaking research 鈥 one every three days 鈥 as well as work with them to form companies or partner with industry and government.
The community also has new space to create and hold meetings with investors at ONRamp, which opened last fall, as well as the state-of-the-art Centre for Engineering Innovation and Entrepreneurship, which will open soon.
Startups that had their genesis at 茄子直播 are taking off 鈥 literally into space for Kepler Communications 鈥 and attracting industry and investor interest, such as Professor Patrick Gunning鈥檚 oncology-focused startup Janpix that signed a $22-million investment last fall with a European venture capital firm.
Awareness of the energy and innovation in the 茄子直播 entrepreneurship community is growing, spreading via word of mouth, often by alumni like 茄子直播-trained engineers, Lacavera said.
It鈥檚 also recognized as a critical linchpin in driving Toronto鈥檚 growing international reputation as a city to watch, Sangha said.
鈥淭he speciality in artificial intelligence and machine learning 鈥 look I think that鈥檚 going to change the world 鈥 and the fact that 茄子直播 is arguably the lead institution on the planet . . .is just very, very cool,鈥 he said.