Techvibes Technology News

MaRS Entrepreneurship 101 Lecture Series In Toronto

Posted by Varun Mathur on Wed, November 12, 2008 11:14 AM · Filed under Toronto , Events , Start-up · No Comments

MaRS Centre (in Toronto) hosts a weekly evening lecture on a wide range of topics related to entrepreneurship, running from Oct '08 to April '09, in a program called Entrepreneurship 101. The program is FREE to attend and, while primarily targeted towards those with a more academic / scientific research background, is open to all. It also features various successful entrepreneurs sharing their stories, apart from teaching the building blocks of creating a startup such as:

  • Product development
  • Marketing
  • Building a business model
  • IP management
  • Terms of investment
  • What investors look for
  • Building your team

They also offer freely available webcasts covering the above topics, incase you can't attend it in person. The next lecture of the program is today evening on Building a business model, which will be given by Ajay Agrawal (Peter Munk Professor of Entrepreneurship at the Rotman School of Management). From the event description:

Thinking carefully about economics and business strategy can make the difference between having great technology versus having a great company. While MBAs can be famously dim-witted, scientists and engineers can be famously stubborn and insensitive to market forces.

We’ll discuss the most common commercialization traps that befall otherwise “way smart” inventors.

The event will be held at the MaRS Centre, from 5:30pm to 6:30pm today (November 12th). Registration is free, but required and takes only a couple of minutes.

Ivey Entrepreneurship Forum On November 13th

Posted by Varun Mathur on Thu, November 6, 2008 5:12 PM · Filed under Toronto , Venture Capital , Events · No Comments

The Ivey Alumni Association and Institute for Entrepreneurship (at Ivey) are organizing the Ivey Entrepreneurship Forum on Thursday, November 13th at the Toronto Board of Trade. The primary objective of the forum is to "facilitate financing and staffing of Ivey-led entrepreneurial ventures", and features Ivey alumni who have successfully raised financing as well as investors with an Ivey background. There would be some company presentations as well.

The forum is open to everyone though, not just Ivey alumni, and seems like a good opportunity to learn more about the process of raising venture capital financing. Presentations run from 1pm to 7pm, followed by a networking reception. Ticket price is only $30 and you can register at this link.

More from the event description:

Six companies will have the opportunity to make their pitch for funds to a panel of venture capitalists, angels and private equity investors. Guest speakers include Bas Van Berkel, MBA '06, who will talk about how his company, StormFisher Biogas, completed a $350M financing partnership and Andrew Wilkes, EMBA '98, from the National Angel Organization who will participate in a panel discussion on what money looks for.

ByteClub's Behind The Scenes Look At Devlin eBusiness Architects

Posted by Varun Mathur on Thu, November 6, 2008 9:17 AM · Filed under Toronto , Vancouver , Web Development · No Comments

ByteClub is a new web-based show which profiles Toronto's local tech culture. Their episode 5 is up and it showcases Devlin ebusiness Architects in their Toronto office. Check it out:

 

 
Company:
Devlin eBusiness
Website:
http://www.devlin.ca
Location:
Toronto, Ontario, Canada

Devlin eBusiness helps you reach customers more easily, enhance your brand, improve productivity and streamline your business processes. Since 1994... [more]

 

GeoSocial Meetup In Toronto On November 6th

Posted by Varun Mathur on Wed, November 5, 2008 1:14 PM · Filed under Toronto , Events · No Comments

Juan Gonzalez, Vice President - Technology of PlanetEye, and Mark Evans (organizer of the Mesh Conference) are putting together the first GeoSocial meetup in Toronto this Thursday, November 6th at the Charlotte Room (near Spadina / King) at 6:30pm. From the event description:

GeoSocial wants to provide an open forum for all people developing ideas, technology and products that leverage the GeoWeb to create advanced social applications that can deliver personalized, geographically relevant content. We also want to invite people from other areas (bloggers?) to participate and discover how these technologies can fundamentally impact their own products.

This is building on the Where 2.0 conference which is held in San Francisco. Its great to see folks right here in Toronto starting to think along similar lines as surely geographically-relevant content and applications have the potential to have a significant impact on our online lives. The question is how and in what form.

 
Company:
PlanetEye
Website:
http://planeteye.com
Location:
Toronto, Ontario, Canada

PlanetEye.com is a one-stop destination for all your travel planning needs. Featuring a powerful and easy-to-use planning tool; compelling,... [more]

 

Microsoft Launches BizSpark For Startups

Posted by Varun Mathur on Wed, November 5, 2008 8:05 AM · Filed under Denver-Boulder , Portland , Seattle , Calgary , Edmonton , Montréal , Ottawa , Toronto , Vancouver , Victoria , Kitchener-Waterloo , Start-up , Web App , Web Development · No Comments

Microsoft has launched a program called BizSpark to encourage the use of their products by upcoming startups. As part of the program, they are giving away 3 yr subscriptions for MSDN (Microsoft Developer Network), which will enable startups to obtain free access to tools like Visual Studio, Windows Server, SQL Server and even the recently launched Windows Azure. This is a worldwide program and the eligibility criteria for startups is as follows:

  • Be sponsored by a BizSpark Network Partner.
  • Be in the business of software development.
  • Be privately held and have been in business for less than 3 years.
  • Have less than US $1 million in annual revenue.
  • To be eligible to use the software for production and deployment of hosted solutions, startups must also be developing a new “software as a service” solution (on any platform) to be delivered over the Internet.

This is great news for startups, as the main reason to not choose these impressive Microsoft tools uptil now has been the cost involved in acquiring them. For two guys in a garage with the next killer idea, it is an easy decision to just go on eclipse.org and get that free IDE and start coding rightaway instead of shelling out several hundred dollars for Visual Studio. And likewise for other tools from Microsoft.

The result has been that over the past several years, most startups developing consumer web applications have built their product offering on the "LAMP" stack, using free and open source software like Eclipse, Apache, Linux, MySQL, etc. The most popular example of such a startup is probably Facebook. For a developer-focused company like Microsoft, this couldn't have been a palatable situation. BizSpark seems like a win-win program for both Microsoft and startups alike.

My experience with having used Microsoft's .NET, the LAMP stack and also the J2EE environment for creating web applications has been that for the fastest time to market - nothing beats Microsoft's tools, if you can afford them. LAMP stack is free and open source, and that is great, but you also spend a lot of time on tweaking things manually, and while that has its benefits, it also means that at the end of the day - the product will ship later than it could have. Likewise for J2EE which involves a lot of time spent in archaic configuration files. Friendster, one of the early social networks, initially built out their product on J2EE. Despite having a JSP book author on the team, they were not able to quickly scale their product and ended up having switching completely to the LAMP stack. By the time, a much quicker site called Facebook, built using PHP, surfaced and trounced them.

For startups with unproven ideas and very limited resources, it is a much better proposition to build something as soon as they can, get it out there and see the market response and then think about the next step. These free tools from Microsoft will definitely help in that.

StartupEmpire Conference In Toronto On Nov 13th - Tickets Now Only $65

Posted by Varun Mathur on Tue, November 4, 2008 2:58 PM · Filed under Toronto , Events , Start-up · No Comments

StartupNorth, the organizers behind the upcoming StartupEmpire conference next week in Toronto, recently announced a revised schedule, price structure and venue for the conference. The event will now run for 1 day only and the ticket price has been drastically reduced to $65. Those who registered earlier on at the higher rate are being refunded the difference.

Jevon wrote on the StartupNorth blog that this has been done to make the conference more affordable for startup founders, students and other would-be entrepreneurs. Considering the immense value it offers, this really is an incredible deal. Have a look at the conference agenda:

9:00am-9:30am Keynote - Don Dodge - Why you should Startup in a downturn.
9:30am-10:00am Keynote - Lane Becker - 10 Reasons why you should absolutly not start a company.
10:00am-10:30am Break and Demopods
10:30-11:15am StartupSchool - From Napkin to First Steps
11:15am-12:30pm StartupSchool - Your first structures; Legal, Organizational and Funding
12:30pm-1:30pm Lunch - Demopods
1:30pm-2pm Keynote - Howard Lindzon
2pm-2:45pm StartupSchool - The funding game, From friends to VCs
2:45pm-3:30pm StartupSchool- The Ins and Outs of Term Sheets: Angel Loans to Preferred Shares
3:30pm-4:15pm StartupSchool - InstaPitch: From Elevator to Power Point
4:15pm-4:30pm Break
4:30pm - 5pm Keynote - David Cohen
5pm-5:30pm Keynote - Hugh MacLeod
6:30-9:00pm Microsoft Canada – A Startup Celebration

Location: This is London Nightclub,
5:45pm – 9:00pm, November 13, 2008
Dinner and Drinks

 

If you want to learn the startup chops, and happen to be in Toronto on Nov 13th, this is the place to be. You will learn a lot from the impressive line-up of keynote speakers who have "been there, done that", from the "Startup School" sessions which go into the nitty gritty detail of starting a company, and finally the sheer networking opportunity with local bloggers, investors, entrepreneurs, and others throughout the day and at the evening reception. Click here to register for the conference. I'll be there for sure and will be blogging about some of the sessions right here on Techvibes.

 
Company:
StartupNorth
Website:
http://www.startupnorth.ca
Location:
Toronto, Ontario, Canada

StartupNorth.ca is written by Jonas Brandon and Jevon MacDonald. We are two entrepreneurs who, while running our own startups, decided it was time... [more]

 

Mobile Monday Toronto Meetup On November 3rd

Posted by Varun Mathur on Fri, October 31, 2008 11:43 AM · Filed under Toronto , Wireless , Events , Mobile · No Comments

Mobile Monday ("MoMo") is a global network of mobile enthusiasts which started back in 2000 in Finland when some folks got together and started having mobile-related meetups on Monday evenings. The idea caught on and various chapters sprung up around the world, including one right here in Toronto, called Mobile Monday Toronto. It is having its next meetup on Monday, Nov 3rd in Toronto. Check it out:

Topic: Mobile User Interfaces - Creating Engaging Customer Experiences

Guest Speaker: Hanni Doch, Director - New Products, Rogers Wireless

Venue: Dunedain Multimedia Inc., 110 Spadina Avenue, Studio 700, Toronto

Time: 6:30pm

RSVP: RSVP for this event to rsvp@mobilemondaytoronto.com with the following information:

  • Your full contact information
  • Your company name
  • Number of additional invites you're including with your RSVP

GameON Finance 2.0: Public vs Private Funds In The Gaming Industry

Posted by Varun Mathur on Thu, October 30, 2008 9:22 AM · Filed under Toronto , Events , Gaming · No Comments

This panel featured a discussion on where / how to get financing for your gaming start-up.

Panelists:

  • Pierre LeLann, Co-CEO, Tribal Nova
  • Jenna Seguin, Loan Officer, Aver Media
  • Robert Shoniker, Principal, Courage Capital
  • Marc Jackson, Managing Partner, Video Game Finance Inc.

Key points:

  • Robert mentioned that there used to be a government organization called "Innovation Ontario" which invested a seed amount of $500k in tech companies in the province. That is how RIM got funded in its initial days. He said there is a need for a government fund which would seek to invest $20 - $30 million in the digital media industry, which should be matched by private funds.
  • Pierre suggested it might be a good idea to get the publisher involved early, as potential new contracts for more games can help in the growth of your gaming start-up.
  • Jenna talked about the digital media tax credits available to companies operating in that space. She mentioned that there is a high level of predictability in the tax credit system since it has been around long enough. She also advised companies pitching to financiers like herself to come prepared (have their cash flow, financing documents, etc in order).

Overall, the advice for gaming start-ups seemed to be to seek initial funding from friends/family, seek out government funding options like the tax credits and IRAP and seek strategic partners/publishers to get off the ground.

GameON Finance 2.0 Concludes After An Exciting Day

Posted by Varun Mathur on Thu, October 30, 2008 9:31 AM · Filed under Toronto , Events , Gaming · No Comments

GameON Finance 2.0 conference wrapped up in Toronto yesterday. It brought together 100+ people from the gaming industry: entrepreneurs, investors, professional service providers and industry leaders. It was held at the swanky Grand Ballroom of 1 King West in downtown Toronto.

The full day of panel discussions and presentations explored topics such as gaming companies business models, financing options for gaming start-ups, angel investment in Canada and economic motivations behind games based on different forms of intellectual property. Networking options for the delegates included 1-on-1 10 minute sessions with other delegates, including some of the speakers. Check out the follow-up posts from some of the sessions I attended.

Overall a fun, informative and useful event, especially for those in the gaming industry. Kudos to Interactive Ontario for putting it together. Their next event would be in March '09 - Interactive Content Exchange (ICE) at the Carlu in Toronto.

GameON Finance 2.0: Key Gaming Industry Trends And Market Overview

Posted by Varun Mathur on Thu, October 30, 2008 8:53 AM · Filed under Toronto , Events , Gaming · No Comments

Presentation: Key Gaming Industry Trends and Market Overview

Presenter: Wanda Meloni, President & Senior Technology Analyst, DFC Intelligence

Key points:

  • Gaming is a $47 billion global market.
    • Console gaming alone is estimated to be $27 billion in size.
    • PC online games is a $6.5 billion industry. Projected to be $13 billion by 2012.
    • Online MMOGs is a $3.5 billion industry.
    • Casual gaming is a $1.5 billion industry.
  • Nintendo doing better than expected while PS3 not expected to break-even. Sony can't hold on to its 67% marketshare (with PS2) and will eventually come down to about 50% marketshare.
  • World of Warcraft is an incredibly popular and successful MMORPG. Earned $600 million in revenue in '08, with 11 million users. Sells for $50 retail + $15/month.
  • BigFish, a casual gaming company, earned $100 million in '08 revenue. Business model orginally was to offer free, ad-supported games but moving on to digital distribution / 'try-before-you-buy' and subscription.
  • Casual games
    • team size: 25
    • cost: $75k - $300k
    • time: 6 months
  • AAA games
    • team size: about 100
    • cost: $15 - $30 million
    • time: 2-3 yrs
  • MMOGs
    • team size: starts at 100 - 450
    • cost: $15 - $25 million + $500k annual cost for servicing users
    • time: 3-5 yrs
  • Regional perspective
    • North America - strong diversity; sports, action, first person games more popular
    • Europe - more cost conscious, similar to North American gaming market otherwise
    • Japan - console based
    • Korea/China - MMOGs are more popular.
  • Canada's gaming development industry
    • Montreal - 80+ game companies including EA and Ubisoft affiliate studios
    • Vancouver - 100+ game companies, strong affiliate studios.
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