Small Businesses : Innovation + Job News

Publishing technology company ScribbleLive recently announced that it has secured $8 million in new funding, via a group of several venture capitalists. (Their last major financing announcement came in November, 2011, when they landed $4 million in venture capital funds.)

Though you might not be familiar with the company's name, you've almost certainly encountered their products--the digital publishing tools they offer are used by many major media outlets, ranging from Reuters to ESPN. ScribbleLive focuses on real-time event coverage and on engagement tools; more recently they've expanded into syndication, giving outlets opportunities to distribute their stories to other publishers and bring in additional revenue.

The Toronto-based company currently has 43 employees locally and seven elsewhere. Expanding that team is at the top of their priority list, says CEO Michael De Monte. The new funding will enable ScribbleLive to pursue growth in two main areas: expansion into other regions (there are plants for New York and the American west coast) and expanding Scribble Marketplace (its new syndication tool). By year's end, De Monte estimates the company will have grown to about 65 positions. He anticipates they will hit 100 by the end of 2014.

ScribbleLive recently celebrated its fifth birthday, and we asked De Monte what changes he's seen in Toronto's innovation sector over that time.

"There is a community here that is supportive of new startups," he says, "but it was hard to find five years ago. There's more of it now."

More community, but perhaps not quite enough support for it. "There are a lot of other cities that are doing a lot more for their startup communities, " he goes on, "that have really embraced the innovation spirit."

In Toronto, by contrast, "we do a lot of talking about it," but don't take enough action, he says. De Monte cites the digital pockets he's seen in other cities--communities within cities that are wired, and offer supports, amenities, and professional development support for young workers--as something Toronto should aspire to.

"We do have pockets here," he concludes, "but it's always felt a little disconnected."

Writer: Hamutal Dotan
Source: Michael De Monte, CEO, ScribbleLive

When Extreme Startups launched in early 2012, co-founder Sunil Sharma says it was with a very specific goal in mind: find "high potential, disruptive, early stage tech companies" and give investors a first crack at supporting them.  Formed by a collective of venture capitalists, the tech incubator's goal is to hone in on young companies with the best chances of success, and boost their odds further.

Applications are now open for the fourth cohort of participants in Extreme Startups. Each cohort consists of five companies; each company receives $50,000 up front, mentorship, and streamlined access to more than $150,000 funding (through the Business Development Bank of Canada and the Ontario Centres for Excellence) once they have completed the 12 week program. 

In exchange, Extreme Startups gets a ten per cent stake in each company, distributed across the venture capitalists who make up Extreme's investors (the distribution of equity varies in each case).

We asked Dale Millstein, a visiting associate at Extreme Startups, what advice he had for potential applicants. "Apply!" he said. "It sounds pretty simple, but most people are afraid."

Whether or not an applicant is chosen, he says, going through that process is worthwhile. Extreme's goal is to foster community, and applying helps get new companies' names out, and exposes them to opportunities that may bear fruit later on.

As for who is likely to make the cut, Millstein says, the selection committee will be especially "looking at the quality of the team and technology talent," something he identifies as particularly important for younger companies with little experience in the marketplace.

Extreme Startups is accepting applications for this round of investment until August 9, 2013.

Writer: Hamutal Dotan
Sources: Dale Millstein, visiting associate, and Funil Sharma co-founder, Extreme Startups

Entrepreneurs who have a business idea that aims to make the world a better place--who are pursuing environmental, social, and cultural goals in their work--now have a new source of seed funding in Ontario.

The province, in conjunction with Toronto's Centre for Social Innovation and several private sector partners, has just launched what is being billed as Canada's first microloan program geared specifically to social entrepreneurs. The Ontario Catapult Microloan Fund--consisting of $600,000 that will be distributed to applicants in $5,000 to $25,000 increments--was officially unveiled on May 24.

"Everyone complains about access to capital," says Tonya Surman, CEO of the Centre for Social Innovation, who first brought the proposal to the province, "and I just got sick of it."

To try and improve matters, Surman proposed what she hopes will become an "evergreen" fund. The money for the fund comes from TD Bank, Microsoft Canada, Alterna Savings, KPMG and Social Capital Partners, and since it will be repaid by the recipients over time, the goal is to have the microloan program continue on an ongoing basis.

Surman says it's important for entrepreneurs to focus on the viability of their ideas, to test them in the marketplace and be sure they are offering something for which there is a real demand. That's why the fund is "not investing in early early early stage, we're investing in early stage" enterprises, she explains.

The fund is for social enterprises that are far enough along to have some sort of established cash flow but have hit their capacity limits and can "benefit from a cash infusion to facilitate the next stage of growth." More concretely, she goes on, that means people. "Really it's about job creation…I imagine 80 per cent of the money will be invested in [new positions]."

Applications will be accepted starting in mid-June. More information is available on Catapult's website.

Writer: Hamutal Dotan
Source: Tonya Surman, CEO, Centre for Social Innovation

The most interesting opportunities we've spotted this week:

Harbourfront Centre is looking for an integrated communications specialist. It's a fulltime contract position for someone to develop marketing and media plans--both strategy and implementation.

Also in the cultural sector is ArtsSmarts, which helps organize classroom-based arts education programs. They are on the hunt for a project coordinator to help with several programs. It's an early (but not entry) level position, and the post is a nine-month contract.

Finally in this area, WorkInCulture, which supports career development in the cultural sector (in fact, it's the source of those previous two job listings) is seeking a marketing and communications manager; the position is permanent and fulltime.

MaRS Discovery District has a video production unit, which creates event and promotional videos for MaRS and its clients. They need a production/post-production manager to oversee this work and provide strategic advice as necessary. Meanwhile, the Mozilla Foundation is hiring a web developer with at least two years of experience.

For those with an interest in the environment, the Georgian Bay Land Trust needs a new executive director. The position is based in Toronto, but does require frequent travel to Georgian Bay. The charity is hoping to find someone with five to ten years experience, preferably in a non-profit.

In the social services sector, the Jane/Finch Community Centre is looking for a program manager for their Women Moving Forward initiative, a poverty-reduction program for mothers in their twenties. The centre is also looking for a mobilie community financial worker. This position is for someone who works from a variety of locations in the community providing financial management education.

Finally, the Ministry of Transportation is looking for a communications lead to oversee stakeholder and public engagement for the PanAm Games. It's a senior, temporary position that will run for up to two years.

Are you hiring or do you know of a great job opportunity? Let us know!

Created in 2001, Summer Company is a provincial program that helps student entrepreneurs by providing financial support and mentorship to participants to create small businesses during the summer months. The goal is to help participants both with material support, by enabling them to generate income, and to endow them with essential skills they'll need as full-fledged entrepreneurs once their education is completed.

This year, as part of a focus on youth employment in the 2013 budget, the Ontario government is proposing to increase the number of spots available in Summer Company by 20 per cent, going from 500 to 600 positions.

The students who participate in Summer Company range in age from 15 to 29 and their businesses run a huge gamut, from artisanal food production to web development to construction services. Each participant must draw up a business plan and a cash flow forecast as part of the application process.

If accepted, students then go on to learn some business basics, like how to keep books and navigate the regulations in their particular sectors. They receive coaching from local entrepreneurs as they launch their businesses, and also receive up to $3,000 in financial support--some of which is meant to help with the business itself, and some to go towards continued education once the summer is done.

Applications for the 2013 edition of Summer Company will be accepted until June 3. The increased number of spots is contingent on the passage of the provincial budget; a vote on that is expected later this month.

Writer: Hamutal Dotan
Source: Ministry of Economic Development

Last week the provincial government unveiled its draft budget for the year. A key highlight of that budget: $295 million over two years dedicated to boost youth employment and support initiatives in youth innovation and entrepreneurship.

The budget, which still needs to be passed in the Legislature, includes money for four separate initiatives:

An Ontario Youth Employment Fund, which comprises the bulk of the money: $195 million over two years. The province is proposing to offer incentives to employers to hire young people. Those incentives might include anything from wage subsidies for young workers as they receive training to help with purchasing tools and equipment when jobs require those. It's estimated this will create opportunities for up to 25,000 young Ontarians.

A Youth Entrepreneurship Fund to help support young entrepreneurs as they try to get new enterprises off the ground. This fund is for $45 million over two years, and is projected to created opportunities for 6,000 residents. Among the initiatives included here are mentorship help (matching young entrepreneurs with more experienced businesspeople who can coach them through launch); seed-stage financing (through small loans and grants, and administered through accelerator hubs); and high school outreach specifically for high school students with entrepreneurial interests.

A Youth Innovation Fund, which includes $10 million over two years to support commercialization specifically for post-doctoral fellows working in relevant industrial research areas. This fund also includes another $20 million for on-campus accelerators, including Ryerson's Digital Media Zone and U of T's Impact Centre.

A Business-Labour Connectivity and Training Fund: $25 million over two years, this fund would support pilot programs that help business identify and develop young talent.

The minority Liberal government will need the backing of the NDP in order to pass this budget. Supporting youth employment is part of the New Democrats' platform as well, and they aren't expected to challenge this portion of the budget as negotiations proceed.

Writer: Hamutal Dotan

The most interesting of the job opportunities we've come across this week:

News broke this week that Kirstine Stewart, executive vice-president of English-language services at the CBC, was leaving that position to spearhead Twitter's first Canadian office. She's not the only person they're hiring: the social media company is currently on the lookout for an account executive and an account manager.

Also in tech openings, digital ad agency Dare Toronto is looking for a front end web developer with 4-5 years experience. Another firm, Usability Matters, is on the hunt for a graphic designer.

The Women's Healthy Environment Network works on promoting environmental health. They are looking for a volunteer, part-time executive director to lead their board.

In the cultural sector, the Ontario Public Service is looking for a senior program consultant to work in the Ministry of Tourism, Culture and Sport, and specifically to work on major events and festivals. Canada Arts Connect is seeking a managing editor for their magazine about Canadian cultural news. It's a part-time position--about 10-15 hours per week. And the Toronto International Film Festival continues its spate of seasonal hiring: they are now on the hunt for a senior marketing coordinator for a contract that runs from May through early October.

CivicAction, the non-partisan advocacy group dedicated to city-building in the GTA, is seeking a project manager to manage the development of new programs directed at youth facing challenges in finding employment. The post is for a nine month contract.

Also in urban initiatives, non-profit developer Artscape is looking for a development associate to help with three of their major annual fundraising events.

Finally, the Toronto Society of Architects is hiring an executive administrator with some scheduling flexibility (ranging from 20-40 hours per week) to oversee their day-to-day operations.

Are you hiring or do you know of an innovative job opportunity in Toronto? Email Yonge Street's innovation and jobs editor Hamutal Dotan to let her know. 

In 2001, back when many of us were on our first email accounts and nobody had yet dreamed of Wikipedia, a new e-learning company was incorporated in Toronto.

Called NewMindsets, the company was founded to "help improve personal and team work effectiveness by offering situation-based solutions"--that is, with a focus on practical problem-solving strategies. The company's work was based on research conducted by two professors at York's Schulich School of Business, Gareth Morgan and Jean Adams.

Now, NewMindsets has been acquired by Waterloo-based e-learning company ClevrU, which wants to take the insights and content developed by NewMindsets and introduce them to clients internationally.

ClevrU is "in the space of providing a global online learning platform," explains CEO Mark Arnason. Its focus on emerging global markets requires ClevrU to ensure they have everything from servers in their countries of operations to multi-lingual services to mobile-friendly technology that can be easily used by users who may not have ready access to desktop machines. And what they are hoping they can offer those users elsewhere, in the wake of this acquisition, is insight into North American business practices.

NewMindsets' business focus, "especially around leadership learning," Arnason says, is particularly useful in this context. One of ClevrU's markets is China, where they have more than 58,000 users and 130,000 social media followers so far--and where, he goes on, "there is a thirst for North American business content." It's not, Arnason explains, an interest in traditional courses such as accounting, but rather in learning to navigate North American markets. It's the type of softer skill that can be especially important for business leaders who are accustomed to working elsewhere.

NewMindsets and ClevrU were connected in part thanks to MaRS Innovation, which introduced the two companies and helped them work out the details of the acquisition.

Writer: Hamutal Dotan
Source: Mark Arnason, CEO, ClevrU

The weather is finally getting warmer and sunnier, and that means many Torontonians are turning to thoughts of gardening. Three University of Toronto researchers are hoping to make that gardening a bit easier on the planet with the creation of an innovative new biodegradable pot, made strictly of plant-based materials.

The pot (which doesn't yet have a name) is the brainchild of Sally Krigstin, Mohini Sain, and Javad Sameni, all of the university's forestry department. It's not the first fully biodegradable pot to appear on the market in Canada, but "the difference," explains Krigstin, "is that this one has some water resistance, so it's comparable to plastic."

The biodegradable pots you might have already seen in stores, she goes on, "completely disintegrate when you put them in water." These new ones won't, she says, because of the development of a new plant-based binding material. It makes the pots much longer lasting than other biodegradable ones. The researchers have had theirs last in greenhouses for over a year.

The researchers are bringing the pots to market with the help of Myers Lawn and Garden. They recently got their first major order--for 250,000 pots--from an Ontario farmer who sells potted plants to Loblaw (though the pots won't actually be sold at their Ontario locations). But Krigstin also hopes this is just the beginning of the applications they'll be able to find for their new binding material (the patent is pending).

Next up on their development list is food packaging: Krigstin thinks they can use their binder to create new packaging options that could replace styrofoam in items such as food trays and takeout containers.

Writer: Hamutal Dotan
Source: Sally Krigstin, University of Toronto Department of Forestry

There are many people who come up with what they think is an innovative idea for a new product or service they'd like to see in the marketplace. It takes a lot of realize those entrepreneurial dreams, however: research, product development, marketing, strategic planning and some seed money, for starters. Offering a hand to a few young would-be entrepreneurs: the Canadian Youth Business Foundation, which is sponsoring an Innovators Fund for the third year in a row.

Up to 10 entrepreneurs will be selected to participate and will receive "up to $50,000 in financing and an exclusive mentoring package" says Tessa Mintz, a vice president with the CYBF. The Innovators Fund is run in conjunction with Spin Masters Ltd., a toy company that itself was founded by three young Toronto entrepreneurs.

When we ask her what distinguishes entrepreneurs who end up succeeding in the marketplace, she says: "those people who have done their homework--they haven't created an innovation for the sake of innovation, they know who their customer is and what the market looks like."

That quality will be essential in the selection process for participants in the Innovators Fund: Mintz encourages applicants to "really highlight why you're innovative in your space" and clearly articulate what distinguishes their idea from others already in the market, and what will make it appealing to consumers.

Applications for the Innovators Fund are now open and will be accepted until May 21.

Writer: Hamutal Dotan
Source: Tessa Mintz, Vice-President, Volunteers and Programs, Canadian Youth Business Foundation

The most interesting of the job openings we've come across this week:

Toronto incubator MaRS is on the hunt for a communications associate for a six-month internship. The work would be both print and online, and applicants must be registered with the CareerEdge program.

Business for the Arts is a national organization that tries to build closer relationships between those two sectors. They are looking for a part-time graphic and web designer to handle design and layout work on their program and event materials. Also in this sector, East End Arts (a new organization in that part of town) is seeking a managing director.

If you're interested in sustainable city-building, the municipal government is hiring a coordinator for Smart Commute to help create and implement programs to highlight alternatives to traveling by car.

In other environmental positions, Greenpeace is hiring a finance director to join their senior management team.

The Ontario Nonprofit Network (as their name indicates) focuses on strengthening the non-profit sector here. They are looking for a policy specialist to spearhead talks with the provincial government about funding reform for the sector. It's a one year contract and the position is senior.

Finally, a few social service positions of note. The YWCA is hiring a community engagement worker to help provide support around mental health concerns. The Canadian Women's Foundation is on the lookout for a new marketing coordinator to oversee the logistics of their print and online campaigns. And the Canadian Cancer Society is looking to fill several posts, including a new coordinator of volunteer engagement.

Are you hiring or do you know of an innovative job opportunity in Toronto? Email Yonge Street's innovation and jobs editor Hamutal Dotan to let her know. 

In Canada, especially in recent years, many of us tend to assume that we have overcome many of the systemic biases of previous times--for instance, that women have reached the workplace equality that long eluded them. The facts tell a different story, however. For all that we've made progress, we are still a way's away from a level playing field.

Shining a light on this issue, and on some women who've achieved great things as entrepreneurs in Canada: the Women of Influence Awards. The RBC Canadian Women Entrepreneur Awards are "dedicated to providing national recognition to Canada’s women entrepreneurs by elevating these women and providing them with a platform to identify their excellence to the nation," says Carolyn Lawrence, president of Women of Influence. This is so important, she explains, because "women entrepreneurs face unique challenges: access to capital to start up and/or grow their businesses is the biggest one, with women-owned businesses starting with only 64 per cent of the capital levels of businesses owned by men. Women often need to draw on their own assets or friends and family to do what their male counterparts have an easier time raising from banks and venture capitalists."

Nominations are now open for this year's awards and are due by May 17. If you want to apply yourself the deadline is July 29. There will also be an information session for prospective applicants on May 2. To be eligible you must be a share owner or senior decision-maker in a profitable business that's been around for at least three years, and businesses of all sizes qualify.

This isn't just a consciousness-raising exercise--women-owned businesses have a significant economic impact that's worth noting. "Canadian firms run by women create new jobs at four times the rate of the national average," Lawrence points out, "collectively providing more jobs than the Canadian Top 100 companies combined."

Writer: Hamutal Dotan
Source: Carolyn Lawrence, President and CEO, Women of Influence

The federal government has announced that it will provide nearly $1 million in support to Toronto area start-up ThoughtWire. The funding will allow ThoughtWire to leverage another $1.95 million in private investments, and enable the company to complete development on a new software platform--a business tool that aims to substantially increase productivity.

The Unified Experience Platform has been designed to solve one of the most basic and vexing problems people often encounter while working: not all the applications, programs, and pieces of software that they use can talk to each other.

Transferring data from one to another, and allowing the information in one program to sync up with data from another, can seem like a mundane task, but it's one of those persistent annoyances that can eat up a lot of valuable time. ThoughtWire's goal, it explains in a primer on the platform, is to "liberate your data."

The government support comes from FedDev Ontario via a program called Investing in Business Innovation, which aims to "accelerate the development of new products…and help bring them to market." According to Gary Goodyear, the minister responsible for that program, the funding will lead to the creation of "up to 29" new local jobs

Writer: Hamutal Dotan
Source: Office of Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario

For nine years, the Centre for Social Innovation has been exploring new ways of building communities of common interest--though shared workspaces, incubation, and developing supportive networks to help social entrepreneurs learn and flourish. The next step in CSI's community-building efforts: a new crowdfunding platform dedicated specifically to social entrepreneurs, called CSI Catalyst. (If you're not familiar with the term, "social entrepreneurship" just means using entrepreneurial approaches to develop organizations that bring about social change. Social enterprises in Toronto range from urban farming collectives to arts groups.)
 
Catalyst is not unlike other crowdfunding platforms you may be familiar with, such as Kickstarter. One difference, says CSI CEO Tonya Surman, is that this is a homegrown system: "It's actually a Canadian one, takes Canadian dollars, runs Canadian transactions." More broadly, organizations need to be CSI members either by joining their online network or by being tenants in one of their physical spaces, which, says Surman, is key. CSI's theory is that by starting with organizations who are already in their network, and thus are able to access other kinds of support and acceleration services, projects are more likely to do well.

According to their research, only 40 per cent of projects on crowdfunding platforms in general are actually getting funded; improving on that metric on Catalyst is one of CSI's main goals. "There's a real question of quality control" with the bigger crowdfunding platforms, says Surman.

Because CSI maintains an online network in addition to its shared workspaces (there are three locations in Toronto and one in New York), Catalyst will eventually be available to organizations across North America. Requiring membership isn't meant to be a major hurdle, in other words, so much as a tool for ensuring that participating projects are ones that are in a good position to do well.

Writer: Hamutal Dotan
Source: Tonya Surman, CEO, Centre for Social Innovation