Techstars New Toronto Accelerator to Focus on AI and Fintech

November 22, 2017

1:30 pm

Toronto, much like Canada, is having a growth spurt.

Converging factors are happening in Toronto, and it’s great for tech startups. Techstars is proud to be a designated entity for Canada’s Start-up Visa Program, a movement that encourages immigrant founders to build their businesses in Canada. A designated entity is an organization that has been approved to invest in foreign startups, making it easier for them to immigrate to and build their businesses in Canada.

While this program is located in Toronto, we have a truly global thesis in large part predicated around Canada’s progressive and open immigration programs that support the growth and mobility of entrepreneurs and startups, no matter their country of origin.

I am excited to join Techstars as the managing director for the new Techstars Toronto Accelerator, our first accelerator in Canada. I am looking forward to working in a city that has the ideal conditions for entrepreneurs to launch and grow amazing technology companies.

Areas of Focus

Techstars Toronto will have a horizontal focus and will operate like our other city programs, like Boulder, Austin, Boston and NYC.

Specific areas of focus include:

  • Artificial Intelligence, Machine Learning, Data and Bots
  • B2B and B2C applications and marketplace disruption
  • Fintech including blockchain technologies
  • Vertical SaaS
  • IoT, hardware and embedded system

Diversity of People Leads to Diversity of Ideas

Toronto is a research and innovation powerhouse underlined by unparalleled diversity.

Toronto has the ideal conditions for entrepreneurs to launch and grow amazing technology companies. Toronto is a diverse city, rich in technical talent, its entrepreneurs are ambitious and driven, and it is a leader in artificial intelligence, fintech, blockchain, mobile applications, and more.

Now, we can add Techstars to the mix.

This is Techstars’ first accelerator in Canada. We’re very thankful for all the help from Real Ventures, Canada’s most active early stage venture fund, for their assistance in making this happen. They have always been very focused on building the local ecosystem and encouraged us to launch in Canada.

The first class of Techstars Toronto will run in 2018, though we’ve been in Canada with our Startup Programs since 2010.

We are thrilled to be opening our brand new accelerator inside the equally new WeWork space in the heart of Toronto’s vibrant technology community, and we look forward to investing in a new wave of tech startups in the middle of this thriving city.

Read more about the Toronto ecosystem on TechCo

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Sunil Sharma is the Managing Director of the Techstars Toronto Accelerator, Techstars’ first accelerator program in Canada. Previously, Sunil was founder of Extreme Startups, managed a Canadian Consulate in California and works as a venture capitalist.

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