The national scale-up data platform, powered by Hockeystick, will capture and track growth metrics for companies across Canada.
The platform will capture comprehensive, standardized data, facilitating application, selection and reporting processes for programs offered by accelerators and incubators nationwide. The platform will make it easier for accelerators to identify startups that meet their program parameters, and to provide provincial and federal governments with the detailed metrics and reporting they require.
The platform will also enable resource-strapped startups and scale-ups to find programs and apply for funding opportunities much more easily and effectively. Users will have the option to share private data in order to gain visibility with potential sources of support and investment with no added cost in time or effort.
Thanks to an investment by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the national scale-up data platform will be available free for every innovation organization—incubator, accelerator, scale-up and startup— and companies across Canada for the next 5 years.Apply for your free Hockeystick account today
“For the first time, it will be possible to obtain a comprehensive picture of the evolution of Canadian companies from early to late stages, giving Canada a world-leading competitive advantage in innovation, and invaluable insights into why companies fail or succeed. By standardizing the collection and tracking of data across every incubator and accelerator, the platform will provide normalized data over the long term.”
Kim Morouney, executive director of the Lazaridis Institute
“Our solution has already been adopted by top funders wanting insight into their portfolio companies. With this initiative, the Lazaridis Institute has enabled every innovation organization to do the same. This will have far-reaching benefits to enable innovation and growth in Canada.”
Raymond Luk, founder and CEO of Hockeystick
“Today’s announcement is an example of how innovation drives growth across all industries. This investment demonstrates a commitment to support the skills development of people and the scaling-up of innovative companies, in order to generate growth in key industries, create good quality jobs and foster economic growth.”
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“In addition to creating over 150 jobs in our communities, the platform will help provide entrepreneurs across Canada with the tools they need to reach their full potential, become investment-ready, and compete on the global stage.”
The Honourable Bardish Chagger, Leader of the Government in the House of Commons and Minister of Small Business and Tourism, and Member of Parliament for Waterloo
“We are pleased to receive the support of the Government of Canada in order to help capture, standardize, streamline and make accessible the rich data from innovation organizations across the country. Together we share a vision of a stronger Canada through the growth of more internationally competitive Canadian enterprises, which are able to flourish here and remain to build a stronger economy.”
Micheál Kelly, dean of the Lazaridis School of Business & Economics