University of Toronto’s Creative Destruction Lab Selects New Cohort of 15 Ventures

Building on an inaugural year that resulted in eight ventures creating over $65 million in equity value, 15 new ventures have been accepted into the second cohort of the Creative Destruction Lab at the University of Toronto’s Rotman School of Management.

The Creative Destruction Lab has accrued a team of seasoned entrepreneurs who have created, nurtured, and harvested value from massively scalable technology businesses. This year, the team is host to nine successful entrepreneurs who met on November 1 to select the ventures for the upcoming year. This year’s new members of the G7 include Ted Livingston, a cofounder of Kik, and Jevon MacDonald, a vice president at Salesforce, which acquired his startup GoInstant.

“We are really excited about the second cohort of ventures that applied to the Lab this year,” says Jesse Rodgers, Director of the Creative Destruction Lab. “We had an increase in both the overall quality and quantity of applications. It was a difficult decision to select only 15 ventures to start in the program.”

Founding members of these companies have studied at numerous post-secondary institutions, including the University of British Columbia, University of Waterloo,and University of Toronto.

Founded in 2012 by Professor Ajay Agrawal, cofounder of The Next 36, and Peter Munk Professor of Entrepreneurship at the Rotman School, the Creative Destruction Lab leverages Rotman’s leading faculty and industry network, inventions and talent from technology-oriented faculties at the University of Toronto and other Canadian universities, and its location in Toronto.

 

Company:
Kik Interactive, Inc.
Location:
Waterloo, Ontario, Canada

Kik was founded in 2009, when a small but incredibly passionate group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the smartphone. Fast forward to today, and Kik has become the best way to connect with friends, no matter where you meet them. And unlike other messengers, Kik uses usernames - not phone numbers - as the basis... more

Company:
GoInstant
Location:
Halifax, Nova Scotia, Canada

GoInstant brings you, your customer and your product together within seconds, so you can focus on what's really important.For sales, GoInstant lets you put the prospect in front of your product faster than anything else. For Customer support, it means you can solve problems faster and make customers happier by turning a bad situation in to a positive one. GoInstant allows you to engage your... more


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