Canadian startups, get your applications ready. [IN]cubes will open its doors in Toronto this November to provide a well-equipped space with all the resources necessary for a startup to succeed.
[IN]cubes claims to be the first private incubator in Toronto to be focused on the grass-roots, bootstrapped, entrepreneurs who have great ideas.
“Having been involved in a number of startups myself, I was looking around for incubators in Toronto and couldn’t find anything that models what is available in the US,” says Ben Zlotnick, CEO and founder of [IN]cubes.
Headquartered at King and Bathurst, [IN]cubes is a makeshift, social, and flexible office, holding companies in private offices and in a co-working space with individual desks. They are looking to house 15 to 20 great Canadian startups upon launch.
The facility provides space, funding, business development services, and guidance to select extraordinary companies focused on digital technology and innovation. Basically, you get access to all of the facilities that a large organization would have including: a reception, boardrooms, a kitchenette, washrooms, and cleaning services, etc.
All interested startups, mentors and investors who want to work with [IN]cubes should visit their website and click on the “apply” button.
Why should the following groups work with [IN]cubes?
- Startups: Get free space and fabulous resources from an onsite facilitator in downtown Toronto. You’ll also have access to ongoing mentorship from a variety of different industries. Plus, you’ll have the ability to present and meet with a wide range of investors.
- Mentors: You get the opportunity to share expertise and connect with young entrepreneurs. You only have to invest a small amount of time (20 minutes plus Q & A, and some follow ups). If the startups actually take off, you get the benefit of having been their mentors when they started!
- Investors: Typically, you get a business plan for a potential deal, meet with the company/person in a coffee shop or office and then decide whether or not you want to invest. In this case, [IN]cubes will be choosing the best early startups that come to them. They’ll train, educate and help these companies for three months so they will be ready with a great startup to present to investors. All you have to do is decide which of the companies you want to invest in. The due diligence has already been done for you.
Best of luck to all of the applicants. Hopefully, we'll see some interesting startups coming out of this new Toronto facility soon.