Everything you need to know about the startup scene in Toronto

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Toronto startup ecosystem

Embark on a journey into Toronto's dynamic startup ecosystem, where innovation thrives amidst the city's multicultural tapestry. With a diverse community of venture capitalists, pioneering startups, collaborative coworking spaces, and a bustling calendar of events, Toronto offers boundless opportunities to shape the future. Discover the heartbeat of Canada's startup scene and unleash your entrepreneurial spirit in the vibrant landscape of Toronto.

Mentors in Toronto

Bootstrapped a SaaS company out of my parents basement with no money or tech knowledge, into +7-figures in ARR. I currently manage a remote team of 20+ people in eight countries around the globe.

Kosta Panagoulias
Co-founder of Web4Realty

Serial entrepreneur with experience in B2C and B2B, bootstrapped and venture funded. Can help with all stages of your business, from getting your MVP off the ground and customer research to optimizing existing growth processes, building out a scalable inbound acquisition channel, fundraising etc. .

Richmond Wong
No bull$hit advice for new SaaS founders perfect your 1st profitable Go-to-Market📈 Ex-Reuters: Launched in 10+ markets 🌏

I’m a demand gen expert with 14 yrs of experience mostly with startups and small organizations, where I have managed end-to-end marketing strategy and tactical plans for revenue growth. My experience at some large corporations enabled me to develop expertise in budgeting and ROI management.

Jahnavi Ray
Head of Growth Marketing

B2B SaaS Marketing & Growth Consultant. Experience scaling to multiple 7-figures in Annual Recurring Revenue (bootstrapped). Passionate about helping female-led tech startups 😊

Kristie Holden
Fractional CMO & Consultant for B2B SaaS startups needing help with demand generation strategy to reach revenue goals.

👋 I’m Andrey! I spent the last 7 years as a product designer and UX manager at Shopify and saw firsthand the growth from 140 000 to 2 million active users. Today I help SaaS companies grow by improving their user onboarding, activation and retention rates.

Andrey Gargul
UX & Product growth consultant

I’m passionate about everything tech, and I love building and improving growth flywheels. I care about people and ideas that will improve our world. Excited to help you brainstorm, experiment, adjust and tackle problems that create value for users.

Maxime Moyson
Launch Engineer

Do you need help making your vision a reality? My speciality is asking big questions about what you want to be, and building a plan to get there. I’ve spent 10 years in technology advisory, and the last year as a jack of many trades in an AI shop. I look forward to working with you!

Carolyn Beniuk
Technology Advisor, Sports Enthusiast & Gardener

Serial entrepreneur with experience in B2C and B2B, bootstrapped and venture funded. Can help with all stages of your business, from getting your MVP off the ground and customer research to optimizing existing growth processes, building out a scalable inbound acquisition channel, fundraising etc. .

Saurabh Wahegaonkar
Growth Consultant

GrowthMentor events in Toronto

Frequently asked questions

What industries or sectors are dominant in Toronto's startup ecosystem?

Toronto’s startup ecosystem is robust in FinTech, HealthTech, and AI, hosting companies like Shopify and Wattpad.

What are the key accelerators available for startups in Toronto?

Key accelerators in Toronto include the DMZ, Creative Destruction Lab, and MaRS Discovery District, offering startups mentoring, networking, and funding opportunities.

What local funding opportunities are available for startups in Toronto?

Funding opportunities come from venture capital firms like OMERS Ventures, as well as government grants and angel investor networks.

Are there any tax incentives designed to support startups in Toronto?

Canada provides several tax incentives for startups, including the Scientific Research & Experimental Development (SR&ED) Tax Incentive Program.

What is the cost of living and operating a business in Toronto?

The cost of living and operating a business in Toronto is relatively high, but balanced by a robust startup ecosystem, access to funding, and a strong talent pool.

What is the talent pool like in Toronto?

Toronto has a highly skilled, diverse talent pool, particularly in technology and entrepreneurship, fostered by top universities and immigration policies.

How is Toronto's infrastructure conducive to startup growth?

Toronto’s advanced infrastructure, reliable internet connectivity, and numerous coworking spaces foster a conducive environment for startups.

Are there any major networking events focused on startups in Toronto?

Toronto hosts numerous startup events, such as TechTO and Elevate, offering extensive networking opportunities.

What is the regulatory environment like for startups in Toronto?

Canada’s regulatory environment is supportive of startups, with a range of resources to help startups navigate federal and provincial regulations.