Ottawa announces $25-million in funding for U of T’s Creative Destruction Lab [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Sean Silcoff Published October 9, 2018 Updated October 9, 2018 For Subscribers The Canadian government is providing $25-million to Creative Destruction Lab (CDL) , a startup-boosting program based at the University of Toronto created by business professor Ajay Agrawal. The non-profit organization will use the funds to run experiments with startups at five universities that stage its programs across Canada. New York University’s Stern School of Business also began a CDL program this fall. Open this photo in gallery People work on projects at the University of Toronto's Creative Destruction Lab on Thursday, March 9, 2017. Michelle Siu/The Globe and Mail CDL differs from incubators and accelerator programs that typically house and mentor startups in exchange for equity. Instead, cohorts of companies are given three firm objectives by a group of accomplished entrepreneurs and inve
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