Find a Cofounder in Toronto
Toronto is home to over 221,500 aspiring entrepreneurs. Join 10,000+ founders already on CoffeeSpace - including 244 from Toronto and start your founder journey today!
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Entrepreneurship in Toronto
Toronto is renowned for its thriving entrepreneurship environment, characterized by a high level of innovation and an expansive startup ecosystem. The city is a hotbed for groundbreaking ideas, with numerous startups specialized in areas such as FinTech, HealthTech, CleanTech, and EdTech. Toronto's diverse and multicultural population also contributes to a rich pool of creative minds, fostering an environment conducive to innovation. Furthermore, the city's world-class educational institutions, including the University of Toronto and Ryerson University, continuously churn out highly skilled graduates who contribute to the innovative spirit of Toronto's startup scene. Access to funding is another key factor that has played a significant role in shaping Toronto's dynamic entrepreneurship environment. The city is home to several venture capital firms and angel investors who are keen to invest in promising startups. Government initiatives such as the Industrial Research Assistance Program also provide financial support to startups. Moreover, numerous incubators and accelerators including the DMZ at Ryerson University and MaRS Discovery District offer both funding and mentorship to startups, helping them navigate through the challenges of the entrepreneurship journey.
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Toronto founders in numbers
Toronto's entrepreneurship environment is vibrant and thriving with a total of 221,500 entrepreneurs. Among these, 244 are active users on CoffeeSpace, leveraging our platform to network, collaborate and grow. The top three industries leading the entrepreneurial wave in Toronto are AI, Generative Tech/AI, and FinTech. Some of the top companies in this space are Scotiabank, Deloitte, and IBM, all contributing to the dynamic business ecosystem. Entrepreneurs in Toronto come from diverse educational backgrounds, with University of Toronto, University of Waterloo, and York University producing some of the most notable figures. So, whether you're an aspiring entrepreneur or an established business owner, Toronto's entrepreneurship environment offers endless opportunities for growth and innovation.
The median age of CoffeeSpace founders in Toronto is 32, while the average is 33.05.
A majority (55%) of CoffeeSpace founders in Toronto are non-technical (Product, S/M, Financial, Operations), while (45%) are technical (Engineering, AI/ML).
A majority (63%) of CoffeeSpace founders in Toronto, are exploring startup ideas, while 37% are committed to an idea.
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