Simon Fraser University joins Ryerson University to collaborate and grow groundbreaking incubator in India
January 23, 2014
Simon Fraser University has joined with Ryerson University and the Bombay Stock Exchange Institute (BSEI) to develop and expand a groundbreaking incubator in India.
The BSEI-Ryerson Digital Media Zone was established in July 2013 and this week Ryerson, SFU and BSEI signed a letter of intent to collaborate on its further development through an accelerator program. The incubator allows entrepreneurs to fast track their startups and connect with mentors, customers and investors. It lays the groundwork to help young entrepreneurs expand into both the Indian and Canadian markets and provides support and resources for entrepreneurship development and professional development education.
The five-year agreement between Ryerson, Ryerson Futures Inc., Simon Fraser University and SF Univentures will support collaboration on a number of fronts, including accelerating the development and commercialization of innovative research and new technologies in India and Canada and providing opportunities for entrepreneurship education, training and development.
The partnership is another example of how SFU is continuing to further its activities in India with university and industry partners, says SFU President Andrew Petter. “We are excited to partner in this ground-breaking initiative which will benefit young entrepreneurs and their innovations in both Canada and India. Supporting students in entrepreneurship activities is an important part of our commitment to being an ’engaged university.’ This unique partnership with the BSEI and Ryerson University will help us extend that commitment both nationally and internationally.”
For Ryerson, the arrangement will enhance opportunities for young entrepreneurs. "Ryerson looks forward to working with Simon Fraser University and continuing to generate opportunities for young Indian and Canadian entrepreneurs," said Mohamed Lachemi, Provost and Vice President Academic of Ryerson. "We are bringing a successful model to India, and with this collaboration with Simon Fraser University we can provide even more resources to fast track innovative research and help train and develop the next generation of entrepreneurs."
The BSEI-Ryerson Digital Media Zone is built on a unique model developed at Ryerson University that has attracted international attention. The Digital Media Zone at Ryerson University (DMZ) is one of Canada's largest incubators and multidisciplinary co-working spaces for young entrepreneurs.
The DMZ leads the way in experiential learning and business success by creating a unique ecosystem of education and entrepreneurship. Emerging leaders fast-track their product launches and grow their companies in this supportive community by connecting with mentors, customers and each other.
About Ryerson University
Ryerson University is Canada's leader in innovative, career-oriented education and a university clearly on the move. With a mission to serve societal need, and a long-standing commitment to engaging its community, Ryerson offers more than 100 undergraduate and graduate programs. Distinctly urban, culturally diverse and inclusive, the university is home to more than 38,000 students, including 2,300 master's and PhD students, nearly 2,700 faculty and staff, and more than 155,000 alumni worldwide. Research at Ryerson is on a trajectory of success and growth: externally funded research has doubled in the past four years. The G. Raymond Chang School of Continuing Education is Canada's leading provider of university-based adult education. For more information, visit www.ryerson.ca
About Ryerson Futures Inc.
Ryerson Futures Inc. (RFI) is a for-profit entity wholly owned by Ryerson University to assist early stage technology companies as they grow and scale their businesses. RFI has raised a venture fund and provides seed financing, business services and customer connections to select startups in exchange for an equity stake. RFI also works with corporate clients to assemble teams of innovators to research, prototype, or pilot solutions to industry problems. Ryerson Futures is helping drive Canada’s innovation economy at home, and around the world. For more information, visit www.ryersonfutures.ca .
About Simon Fraser University
Simon Fraser University is consistently ranked among Canada's top comprehensive universities and is one of the top 50 universities in the world under 50 years old. With campuses in Vancouver, Burnaby and Surrey, B.C., SFU engages actively with the community in its research and teaching, delivers almost 150 programs to more than 30,000 students, and has more than 125,000 alumni in 130 countries.
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