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Entrepreneurship in Toronto
Entrepreneurship in Toronto
Entrepreneurship in Toronto
Toronto has emerged as a leading global startup hub that leverages Canada's advantages in AI research, multicultural talent, and healthcare innovation. The city's diverse ecosystem spans sectors including fintech, health tech, and enterprise software, with particular strength in artificial intelligence thanks to pioneering research at the University of Toronto. For founders, Toronto offers significant benefits: access to world-class technical talent at costs below U.S. tech hubs, streamlined immigration for skilled workers, and robust government support through programs like SR&ED tax credits. The startup community features notable organizations including MaRS Discovery District, Creative Destruction Lab, and growing venture capital presence from both Canadian and U.S. investors. Toronto's combination of technical depth, diverse perspectives, and quality of life makes it especially attractive for founders building complex technology startups with global ambitions.
Toronto has emerged as a leading global startup hub that leverages Canada's advantages in AI research, multicultural talent, and healthcare innovation. The city's diverse ecosystem spans sectors including fintech, health tech, and enterprise software, with particular strength in artificial intelligence thanks to pioneering research at the University of Toronto. For founders, Toronto offers significant benefits: access to world-class technical talent at costs below U.S. tech hubs, streamlined immigration for skilled workers, and robust government support through programs like SR&ED tax credits. The startup community features notable organizations including MaRS Discovery District, Creative Destruction Lab, and growing venture capital presence from both Canadian and U.S. investors. Toronto's combination of technical depth, diverse perspectives, and quality of life makes it especially attractive for founders building complex technology startups with global ambitions.
Toronto founders in numbers
The startup community in Toronto shows a healthy mix of people still exploring ideas (58%) and those already building something (42%). This balance between early-stage thinking and committed founders shapes the local scene. Looking at the numbers, the median age of founders in Toronto is 28.5, with an average age of 33.2. Most are in the 25-32 age range, which makes up 38.7% of the community. When it comes to background, 57% of founders in Toronto have technical skills in areas like engineering or software development, while 43% come from business roles such as operations, product, or marketing. This mix creates plenty of opportunity for strong co-founder matches. Popular areas of interest include EdTech, Community Development, Food, and UX Design. Many founders in Toronto also speak more than one language, adding fresh perspectives to the city’s startup ecosystem Impacts are {13},{14},{15},{16}.
Commitment Type
More than (58%) of Foundersbase founders in Toronto, are exploring startup ideas, while (42%) are committed to an idea.
Age
The median age of Foundersbase founders in Toronto is 28.5, while the average is age 33.2 with a maximum in the group of founders aging 25-32.
Type of Founder
About (57%) of Foundersbase founders in Toronto are technical (Engineering, AI/ML), while (43%) are non-technical (Product, Marketing, Operations).
Top industry interests
Discover the industries that Foundersbase founders in Toronto are most passionate about.
Top spoken languages
The majority of Foundersbase founders in Toronto speaks English (92%).
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