Accelerated: TechStars harnesses the power of mentorship

This is the 19th article in a continuing series that examines the state of the ecosystem necessary to successfully bring technology to market. Based on dozens of interviews with entrepreneurs, venture capitalists, angel investors, business leaders, academics, tech-transfer experts and policy makers, this series looks at what is working and what can be improved in the go-to-market ecosystem in the United States, Canada and Britain. We invite your feedback.

By Francis Moran and Leo Valiquette

Throughout this series, we have often referenced startup accelerators and the important role they play in the commercialization ecosystem, as well as where government support fits into the equation. So we thought it was time to take a closer look at these entities by profiling three different ones from Canada, the U.S. and the U.K.

We continue this week with TechStars, a mentorship-driven seed-stage investment program that operates three-month sessions in Seattle, Boulder, Boston and New York. We caught up with Nicole Glaros, managing director of TechStars Boulder, to talk about what has made the program successful, how it works and why it chose the cities it did in which to operate.

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Polar Mobile’s Kunal Gupta epitomizes Waterloo’s electric buzz

By Linda Forrest

Earlier this week, I traveled over to Canada’s newly-crowned Silicon Valley North with our Francis Moran. To say that the energy and dynamism of that tech community is inspiring and exciting would be a profound understatement. The place is positively electric, and everyone we encountered was friendly, welcoming and eager to interact, share and connect.

The timing of our jaunt was based largely around the Communitech Techworking Breakfast with the Boss, the guest of honour for which was Kunal Gupta, CEO and founder of Polar Mobile. While still in university, this impressive young man was responsible for starting the Impact Entrepreneurship Group, whose goal is to create the next generation of entrepreneurs and help young entrepreneurs realize their true potential. This group, as well as Kunal’s knack for networking, has rendered him a well-known professional within Canada’s Technology Triangle and well beyond. In fact, he’s quite the frequent flyer, jetting between Polar’s head office in Toronto, other Polar outposts in the U.S., and customers in New York, London, Dubai and elsewhere.

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Do you have the sound bites to drive your business?

As part of our ongoing series examining the ecosystem necessary to bring technology to market, we asked Carleton University’s Tony Bailetti to share his thoughts on regional economic development and common pitfalls startup technology companies can avoid. This is the first of his commentaries and we welcome your feedback.

By Tony Bailetti

When bringing technology to market, a supplier typically produces a set of sound bites in order to feature and describe how its products and services benefit potential customers, partners and investors. A sound bite is a very short piece of information considered to be an important feature the supplier wishes current and potential stakeholders to remember. Sound bites also serve as points of emphasis in a supplier’s message to individuals and organizations in the business ecosystem in which the company operates.

The marketing collateral of 12 local technology companies distributed over the last four months was examined and it is evident that the quality of sound bites needs significant improvement. A technology company that is serious about commercializing its products and services needs to produce a set of high-quality sound bites.

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Accelerated: Waterloo’s culture of collaboration

This is the 18th article in a continuing series that examines the state of the ecosystem necessary to successfully bring technology to market. Based on dozens of interviews with entrepreneurs, venture capitalists, angel investors, business leaders, academics, tech-transfer experts and policy makers, this series looks at what is working and what can be improved in the go-to-market ecosystem in the United States, Canada and Britain. We invite your feedback.

By Francis Moran and Leo Valiquette

Throughout this series, we have often referenced startup accelerators and the important role they play in the commercialization ecosystem, as well as where government support fits into the equation. So we thought it was time to take a closer look at these entities by profiling three different ones from Canada, the U.S. and the U.K.

This week, we start with Waterloo’s five-year-old Accelerator Centre. We recently spoke with Tim Jackson, COO of the AC, about the role that this kind of organization plays in the process of getting technology to market, what makes it tick, the culture required to support it and how it measures success. What follows is an abridged transcript of our conversation.

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Tech is a man’s man’s man’s man’s world…or is it?

By Linda Forrest

Reading yesterday’s post about the role formal education plays in entrepreneurship, I was reminded of an article I read a few months ago about the “real reason women quit engineering.”

In Stemming The Tide: Why Women Leave Engineering, two University of Wisconsin-Milwaukee professors report on their survey of over 3,700 women with engineering degrees. They found that just one in four women who had left the field reported doing so to spend more time with family. One third left “because they did not like the workplace climate, their boss or the culture,” while almost half departed due to “working conditions, too much travel, lack of advancement or low salary” (respondents were allowed to check more than one reason). The researchers also found that among women who got engineering degrees but never entered the field, a third made that decision “because of their perceptions of engineering as being inflexible or the engineering workplace culture as being non-supportive of women.” And, unsurprisingly, “Women engineers who were treated in a condescending, patronizing manner, and were belittled and undermined by their supervisors and co-workers were most likely to want to leave their organizations.”

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