Startups in Toronto benefit from support at every stage. From the very early stage we have incubators, accelerators and seed stage investors. In the growth stage, we have funders willing to invest a lot of money to really help a company take-off. This gives tech companies in Toronto a huge advantage.
Allen Lau, CEO & Co-Founder, Wattpad
Small businesses form the cornerstone of economic growth and job creation for Toronto. The city’s vibrant startup ecosystem has achieved international recognition and homegrown successes are now inspiring a future generation of entrepreneurs.
The strength of Toronto’s startup eco-system is fueled by the city’s highly educated and globally connected talent pool and a unique set of support programs that foster innovation and collaboration. At its core is a diverse cluster of business incubators and accelerators that offer a range of services and strategic partnerships to support sectors from technology and biotechnology to food manufacturing, fashion, design and music. These organizations have contributed to growing some of the most cutting-edge startups in North America.
Toronto-Waterloo Region Corridor
The Toronto-Waterloo Region Corridor is an innovation centre with the second highest startup density in the world, second to Silicon Valley. The relationship and distance between Toronto and Waterloo Region is similar to other global innovation hubs like San Francisco and Silicon Valley, London and Cambridge, and Tel Aviv and Haifa.
Perfectly situated for growth in the global marketplace, the Corridor connects to a major airport, a dynamic network of highways, transit and rail, and boasts close proximity to the US market.
Learn more about the Toronto-Waterloo Region Corridor.
Facts & Figures
Toronto’s startup ecosystem is the largest in Canada and ranks in the top 20 most active startup scenes in the world
–Startup Genome, Global Startup Ecosystem Report, 2019