The Lazaridis Institute for the Management of Technology Enterprises at Wilfrid Laurier University today announced the launch of a national scale-up data platform to capture and track growth metrics for Canadian startups.
The initiative will enable the creation of a national scale-up data platform that accurately tracks the growth metrics of startups.
Powered by Hockeystick, the platform will be available for every innovation organization—incubator, accelerator, and startup—across Canada. Free memberships are available as of today.
“For the first time, it will be possible to obtain a comprehensive picture of the evolution of Canadian companies from early to late stages, giving Canada a world-leading competitive advantage in innovation, and invaluable insights into why companies fail or succeed,” said Kim Morouney, executive director of the Lazaridis Institute.
“By standardizing the collection and tracking of data across every incubator and accelerator, the platform will provide normalized data over the long term.”
The platform will also provide an effective tool for resource-strapped startups to find programs and apply for funding opportunities in less time than it takes now.
In addition, the platform is intended to make it easier for accelerators to identify startups that meet their program parameters, and to provide provincial and federal governments with metrics.
“Our solution has already been adopted by top funders wanting insight into their portfolio companies,” said Raymond Luk, founder and CEO of Hockeystick. “With this initiative, the Lazaridis Institute has enabled every innovation organization to do the same. This will have far-reaching benefits to enable innovation and growth in Canada.”