Scarborough innovates

Scarborough innovates PARTNERS WITH Sunray Venture Capital Corporation TO ACCELERATE LOCAL STARTUPS WITH 'CATALYST IGNITE'. This groundbreaking initiative will nurture and elevate Scarborough's entrepreneurial talent, by discovering and supporting emerging entrepreneurs from Scarborough's diverse community, providing them with unprecedented access to capital, mentorship, and business development resources. https://lnkd.in/gXJEUi-s ________________________ We are incredibly grateful to Ray Gupta (Sunray Group of Hotels), Aman D., Lilith Wang, Neha Bahl, Shivanu Thiyagarajah, Kesava Kumar, Richa M., Rajiv Kumar and Ajan Thirü for breathing life into this initiative. Thanks to our anchor partners and community leaders for their ongoing support: Sam Ibrahim, Dolf DeJong (he/him), Deborah James, Toronto Zoo, Scarborough Health Network Foundation (SHN Foundation), Centennial College, WIMTACH Centennial College, Scarborough Business Association, Northstar Startups, Jamaal Myers, Andrea Hazell MPP, Scarborough - Guildwood, Vijay Thanigasalam, Gary Anandasangaree. A special shout out to Dr. Purnima Tyagi for your guidance and support. Rechie Valdez, Thomas McGinty Ec.D. CEcD, Susana Vaz, Shawn Allen, Clare Barnett, Candice Valente John Alderdice Leslie Fink City of Toronto, City of Toronto- Business and Economy, Sreekumar Radhakrishnapillai, Ph.D, Anthony Jagdeo PMP, SAFe, Prosci, Omid Mokhtari, Jeziel Vidad.

Working on the Business vs. In the Business Are you spending too much time working in your business rather than on it? It’s natural to be hands-on in the early stages, but as your business grows, you need to step back and focus on the bigger picture. Start thinking strategically about growth, team building, and adding value, rather than getting lost in day-to-day tasks. Working on the business is how you take it to the next level. #BusinessGrowth #EntrepreneurStrategy #LeadershipDevelopment

Identifying Product-Market Fit. Finding product-market fit is more art than science. Start by asking yourself if you’re passionate about the problem you’re solving. Then, consider whether people will pay for your solution and assess the competition. Finally, figure out how you’ll differentiate yourself. Remember, it’s not something you figure out on day one—it’s an ongoing process of tweaking and refining your approach. #ProductMarketFit #StartupStrategy #Entrepreneurship

Three Reasons to Join Scarborough Innovates. We offer unparalleled knowledge, access to funding and resources, and a strong mentor network to guide you every step of the way. Plus, being from Scarborough is the cherry on top. Our community is designed to help you succeed, no matter where you start. #ScarboroughInnovates #EntrepreneurSupport #StartupResources

Why 50/50 Ownership Doesn’t Work. 50/50 ownership in a business might sound fair, but it often leads to complications. There needs to be a clear visionary who can make final decisions when consensus is difficult. True equity comes from deep discussions and understanding who brings what to the table. Remember, successful businesses thrive on clear leadership and balanced partnerships. #BusinessOwnership #Leadership #EntrepreneurTips

Resources available at Scarborough Innovates Scarborough Innovates offers a wealth of resources for young businesses. We provide access to experienced mentors who guide you from ideation to commercialization. Through partnerships with Centennial College and Wimtach, we assist in developing products across various sectors. Our goal is to support you every step of the way, from concept to market success. #Mentorship #StartupSupport #BusinessDevelopment

Why Scarborough? Having lived here for over 20 years, I see its immense potential. Despite its multicultural vibrancy, Scarborough’s household income lags behind the rest of Toronto. Our mission is to provide young entrepreneurs with the resources and support they need to build successful businesses and transform Scarborough into a thriving success story. #Scarborough #CommunityGrowth #SupportLocal

Should innovation start from scratch? Innovation doesn’t mean starting from scratch. It’s about continuously iterating and improving upon existing ideas. Instead of reinventing the wheel, focus on making it better. There are countless technologies and models available that can be enhanced and adapted to create something truly remarkable. #ContinuousImprovement #TechTrends #Innovation

Should You Quit Your Job to Become a Founder? It might not be the best idea initially. Instead, start by solving a problem on a small scale and securing your first customer. Once you establish a steady cash flow, you will naturally know when it’s the right time to transition to full-time entrepreneurship. #StartupAdvice #EntrepreneurLife #SmartGrowth

Qualities for Aspiring Founders; At Scarborough Innovates, we focus on founders who exhibit passion, grit, and a drive to solve significant problems. Our mission is to support these founders by assessing their resources and identifying gaps. We then work together to bridge these gaps, ensuring that the broader Scarborough community benefits from their innovations. #CommunitySupport #Innovation #Scarborough