Ten Diverse Technology Companies From Across Canada Selected For Lazaridis Scale-Up Program

The Lazaridis Institute at Wilfrid Laurier University has selected Canada’s 10 most promising technology companies to participate in the next cohort of the Lazaridis Scale-Up Program. This innovative program, now in its second year, provides high-potential firms personalized mentorship and working sessions with experts who have scaled globally competitive enterprises.

Scaling a technology company in Canada presents several challenges. Founders cite difficulty in recruiting experienced senior talent, accessing capital, and moving into global markets as among the major barriers to growth (source). The Lazaridis Scale-Up Program provides the connections, networks, knowledge and support tech companies need to create maximum value here, in Canada, while growing their companies globally.

The 10 selected companies for 2017/2018 are at pivotal stages, facing inflection points in their growth trajectories. Their technologies range from bionic knee braces and biopesticides, to digital marketing, groceries, tickets and transportation to name a few. The companies hail from cities from coast to coast across Canada. Four of the companies have one or more female founders and/or C-level executives.

The 10 companies in the second cohort of the Lazaridis Scale-Up Program are:
  1. Agendize Solutions (Montreal, Que.)
  2. Bus.com (Montreal, Que.)
  3. Dream Payments (Toronto, Ont.)
  4. Flytographer (Victoria, B.C.)
  5. 7shifts (Saskatoon, Sask.)
  6. Showpass (Calgary, Alta.)
  7. Spring Loaded Technology (Dartmouth, N.S.)
  8. Terramera (Vancouver, B.C.)
  9. Unata (Toronto, Ont.)
  10. Vendasta (Saskatoon, Sask.)
For the second year in a row, the Lazaridis Institute, which is run by the Lazaridis School of Business and Economics at Wilfrid Laurier University, will cover the costs of the Scale-Up Program.

Interested companies from across Canada went through a competitive selection process. A panel consisting of Canadian and American venture capitalists and ecosystem leaders reviewed detailed applications submitted via the national scale-up data platform powered by Hockeystick. Third-party analysis provided by Bytown Consulting helped the panel to assess each firm’s potential for growth. Short-listed applicants were invited to take part in video interviews, from which the top 10 companies were chosen.

Over the past year, companies in the first cohort of the program saw significant growth in revenue, improved the efficiency of their processes, and advanced their capabilities in areas ranging from sales and marketing, to operations, product and talent management, to finance, leadership, and delivering a pitch. Companies indicated that the most valuable elements of the program were practical knowledge that they could apply immediately to their organizations, and crucial relationships with tech leaders from across North America.
The next cohort of the Lazaridis Scale-Up Program begins October 19 in Toronto, with program weekends to follow in Ottawa, Vancouver, New York, and Palo Alto, Calif. Find out more at www.scaleupprogram.ca.
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