Techstars’ recent pullback from Toronto and parts of the U.S. is a wake-up call for Canadian startup accelerators, says BDC Capital’s Thomas Park. Speaking at a The Logic event, Park urged a rethink of the traditional model, especially with potential cuts in government funding.
StandUp Ventures’ Michelle McBane echoed this sentiment, pointing out the high cost for founders in traditional accelerator setups — giving up to 10% equity for small investments. McBane sees this as a turning point, highlighting newer, more founder-friendly ways to kickstart businesses and find mentorship, signaling a potential shift in Canada’s entrepreneurial landscape.
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