Startup Reseau Announces 35 Indian B2B Startups Shortlisted for Startup Bridge Canada Program

Startup Reseau announced SBC in Dec 2020, a 6-week pre-market entry startup program for growth stage Indian startups to access and understand Canada and build their strategy for North America foray.

Ajay Ramasubramaniam, Co-founder CEO, Startup Reseau, says, “As an organisation, we are always looking to unlock global market opportunities for Indian startups seeking to expand internationally, by way of structured market access programs. With a strong focus on being a developer of startup ecosystem in emerging markets, we continue to remain bullish about prospects for Indian startups in mature markets such as North America and Europe”

The 35 startups who have made it to the program are:

To further facilitate entry of Indian startups in Canada, Startup Réseauhas tied up with the Government of Alberta, Government of British Columbia, Government of Ontario and economic development agencies including Toronto Global, Montreal International to help a cohort of Indian entrepreneurs grow, scale, and promote their businesses in Canada, and access the larger North American geography.

Stewart Beck, President, Asia Pacific Foundation of Canada, says, “Canada is a recognised global leader in machine learning and digital innovation. Canadian immigration policies and startup environment have attracted highly qualified technology talent and savvy investors from around the World making Canada an excellent choicefor Indian entrepreneurs to establish their beach head for growth in North American and European markets.”

“In the province of Alberta, Canada, you will find world-class research universities, significant pools of capital, an affordable quality of life, a highly educated workforce and top ranked ML and AI research. With more than $1 billion in tax incentives for R&D and commercialization and a highly accessible Startup Visa program, the province is welcoming eager minds and innovative companies. Come be a part of Alberta’s tech startup revolution and take advantage of programs like Startup Bridge Canada that are creating opportunities for entrepreneurs to expand in North America, adds David Knight Legg, CEO, Invest Alberta Corporation.

Rooma Bussi, Managing Director, Trade & Invest British Columbia says “ British Columbia has been at the forefront of technology research and innovation in North America and is the #1 start-up ecosystem in Canada and top 15 globally. With almost 11,000 tech companies, ranging from innovative startups to global Fortune 500 companies, technology is one of the fastest growing sectors in British Columbia. Combine this with B.C.’s world class talent and business friendly government policies and you have the perfect environment to make your business a success.”

The inaugural edition of Startup Bridge Canada received 276 applications from which 35 startups make up the cohort. The program will run virtually and has been inaugurated by H.EAjay Bisaria, High Commissioner to Canada. “Both India and Canada have in place robustly expanding startup ecosystems. In fact, Canada’s investment capacity complements India’s entrepreneurial spark to create vast opportunities for startups.

In a recent telephonic conversation, the Prime Ministers of the two countries reiterated a desire to work together for building a more sustainable and resilient global economy. Combining Canada’s advanced knowledge and investments with India’s skills and markets makes the perfect recipe for the success of startups. It is not surprising that the first Indian Unicorn of 2021 has a strong Canada connect,” saysH.E Ajay Bisaria, HC to Canada.  

The 35 founders in the cohort have cumulatively raised in excess of $26Million and run an ARR of over $16.5Million. The average team size of one-thirds of the cohort is 40 team members, while we have 3 startups with team sizes exceeding 100 members. “Having been in the Canada – India corridor for almost 12 years, I can confidently say that this is by-far the strongest group of Indian startups being exposed to the Canadian market and its stakeholders, ” adds Ajay.