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• Charmaine Dean appointed Chair of NSERC Council
• LiftOff incubator for Black entrepreneurs to launch in ��ݮ��Ƶ region
• ��ݮ��Ƶ selects Pivot-RP to help researchers identify funding opportunities
• U��ݮ��Ƶ startups rank second in North America for investor ROI

Charmaine Dean appointed Chair of NSERC Council

Vice-President, Research and International Charmaine��Dean has been elected the Vice-President of the Natural Sciences and Engineering Research Council (NSERC)��and Chair of NSERC Council.��The roles of Chair of Council and Vice-President of NSERC are concurrent leadership roles at NSERC.��NSERC Council is composed of its president and up to 18 other members appointed from the public and private sectors.��

Dean’s appointment was announced��in����on August 12, 2021,��following��the��announcement by the��.����

NSERC Council Chairs continue in their��leadership��roles��at their organizations��while��serving as��Council��Chair.��

NSERC is��Canada's federal funding agency for university-based research��in the natural sciences and engineering.��

Dean will hold the office of��Chair of NSERC Council��until April 12, 2024.��

LiftOff incubator for Black entrepreneurs to launch in ��ݮ��Ƶ region

The Government of Canada is working to address long-standing barriers with its first-ever��. Of the $400 million investment, $53 million has been allocated to the����to support Black-led business organizations across the country

On August 12, 2021, The Caribbean Canadian Association of ��ݮ��Ƶ Region (CCAWR) announced that, in partnership with local organizations and post-secondary institutions, including Conestoga College, ��ݮ��Ƶ Region Small Business Centre, Velocity at the University of ��ݮ��Ƶ, and Wilfrid Laurier University’s Women’s Entrepreneurship Centre, they would receive over $2.9 million in funding from the NEF to develop and deliver a Black-led business accelerator and incubator program for Black early-stage entrepreneurs.

“CCAWR was founded in 1975, and has developed a strong community presence, said Trevor Charles, a board member with the CCAWR and professor of biology at the University of ��ݮ��Ƶ. “We are honoured to have been given the opportunity to work to bridge some of the gaps within the entrepreneurial ecosystem that have hindered full participation by Black Canadians. Through the LiftOff program, we will endeavour to develop and offer innovative strategies to stimulate sustainable economic prosperity and wellbeing in the Black communities.”

The LiftOff program will provide access to business advisory services, incubator and accelerator programming, entrepreneurial workshops, and one-on-one mentorship opportunities for Black entrepreneurs to start or develop their business.��The incubator ultimately��hopes to work with��about 40 individuals or teams per year, with a strong focus on supporting female entrepreneurs.

“Today’s investment in the Caribbean Canadian Association of ��ݮ��Ƶ Region gives Black entrepreneurs in ��ݮ��Ƶ Region the support they deserve to start or grow their business, while addressing long-standing economic barriers that Black Canadians face,” said the Honourable Bardish Chagger, Minister of Diversity and Inclusion and Youth, and Member of Parliament for ��ݮ��Ƶ.

To apply for LiftOff please��.

��ݮ��Ƶ selects Pivot-RP to help researchers identify funding opportunities

It has been an ongoing priority for the Office of Research to find a��solution for the research needs of faculty, staff and students on campus.��Currently, there is no searchable system available for ��ݮ��Ƶ researchers to find funding opportunities and this has been identified as a gap by various research communities on campus, including through the strategic planning process.

Following an extensive evaluation process including small focus groups with members of the research community,����ݮ��Ƶ has selected��Pivot-RP, a searchable database that enables��researchers to identify funding opportunities that best suit their research needs.

Pivot-RP allows researchers to:

• create customized searches
• access curated funding opportunities based on specific research interests
• receive email alerts based on individually defined criteria

Pivot-RP is recognized as the most comprehensive global source of research funding with over 28,000 active funding opportunities from sponsors across all disciplines. A comparison of Pivot-RP with other systems by Office of Research staff found it also has the most comprehensive collection of Canadian funding organizations, and ��ݮ��Ƶ’s research priority areas are included within Pivot-RP’s database. Individual researchers can also customize their own searches, targeting their unique needs.

In the coming months, the Office of Research plans to transition more fully from the current��Find funding web page��to Pivot-RP as the prime source for research funding opportunities. All ��ݮ��Ƶ researchers, as well as any research or departmental staff who search for funding opportunities, are��encouraged��to��set up an account. Staff will also be organizing training workshops for researchers throughout the fall.��

U��ݮ��Ƶ startups rank second in North America for investor ROI

This article was��originally published on ��ݮ��Ƶ News

Investors looking for higher returns might be wiser to look to ��ݮ��Ƶ companies than ventures started by alumni at Stanford, MIT and Harvard.

A new report from a U.S. platform for investors and startups has found that ventures founded by ��ݮ��Ƶ alumni produce a higher-than-expected return on investment than their counterparts at the three American institutions.

The data from����Venture show ��ݮ��Ƶ startups generate outsized ROI for their investors,��with an average excess markup rate 13 per cent higher than the baseline at 12 and 36 months.

Only the University of Washington ranked higher with a rate of 21 per cent, while Brown University came in third with an 11.5 per cent excess markup rate.����Two other Canadian universities made the ranking, with University of Toronto coming in at 16^th��and McGill University at 19^th.

The platform considers an investment on its list to be marked up if it does an equity round at a higher price per share in a future fundraise. The rate is a strong indication of how an investment is performing, the company says.

“This speaks highly of ��ݮ��Ƶ founders’ ability to thrive here in southwestern Ontario, well outside of Silicon Valley, New-York or Boston,”��said Vivek Goel, president and vice-chancellor of the University. “��ݮ��Ƶ companies like ApplyBoard, Vidyard and Clearco are paving the way for future founders who want to grow within Canada, helping to increase the prominence of the Toronto-��ݮ��Ƶ tech ecosystem on the global stage.”

The Toronto-��ݮ��Ƶ corridor ranked 18th globally in a����and first in Canada.

The findings indicate that ��ݮ��Ƶ founders are being underestimated or undervalued by investors, said Alex Norman, a partner at����and co-founder of��. “As investors see more and more University of ��ݮ��Ƶ founders succeed, this may lead to more teams being funded or higher valuations for early-stage companies.”

While Canadian founders might be initially passed over by U.S. investors, great results for ��ݮ��Ƶ founders over time are allowing early supporters to reap outsized rewards.

"It is no longer a secret that the University of ��ݮ��Ƶ is a top school for innovative talent in North America,” said John Dick, director of Concept, the University’s experiential entrepreneurship program.

Young companies will continue to flourish in ��ݮ��Ƶ Region through the University’s Campus Innovation Ecosystem and Velocity Incubator, which offer many problem-solving and venture-building opportunities, he said.

While founders with ��ݮ��Ƶ pedigrees might not see the same level of investor demand as those at larger institutions in the U.S. AngelList says that can make them undervalued, "meaning that investors willing to back the founders from these institutions may have an opportunity to capture some excess returns.”

The findings come at an eventful time for��, the University’s flagship entrepreneurial incubator, which announced recently that the total amount of funding raised by Velocity companies��surpassed $2.4 billion. The incubator took almost a decade to reach the $1-billion mark but less than two years to reach $2 billion, showing an acceleration in both deal numbers and sizes. Velocity is expecting an����for the first time later this year.

Velocity started its own pre-seed venture fund in 2019, and 18 out of 19 companies they have invested in so far received meaningful follow-on investments, highlighting the program’s ability to support early-stage founders and help them turn ideas and prototypes into marketable, scalable companies.