Seven Interesting Statistics About Accelerator Programs in Canada

Posted by Rob Lewis

Recent research by MaRS Data Catalyst on Canadian accelerators revealed some cool statistics surrounding the budding ecosystem of startup-fostering programs. We share some of our favourites below:

1. More than 200 startups have graduated from or are currently in an accelerator program in Canada.

2. Over 420 entrepreneurs have graduated from or are currently in an accelerator program in Canada.

3. Of nearly 40 programs reviewed by MaRS, only seven meet its "formal definition" of an accelerator.

4. Accelerators list an average of 60 mentors (ranging from 16 to 130).

5. There are 800 mentors in Canada's accelerator ecosystem.

6. 7% of these mentors are listed by multiple accelerators.

7. A Canadian accelerator may consider up to 400 applications and accept as little as three to five startups per cohort.

SEE ALSO: A Closer Look at Canada's Seven True Startup Accelerators

Over the past three years, dozens of accelerators and accelerator-like programs have emerged in Canada. However, there is debate about their value—do accelerators hurt startups, and can the accelerators themselves succeed? MaRS's research tackles this discussion and more in its report.

 

Company:
MaRS
Website:
http://www.marsdd.com
Location:
Toronto, Ontario, Canada

MaRS connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming, our structured networks and expanding electronic community. Located in... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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