Creative Destruction Lab
Investment Details
Investor Type
Other
Asset Class Focus
Venture Capital, Private Equity
Stage Focus
Seed, Pre-Seed, Non Equity Assistance, Grant, Convertible Note, Series A, Series B, Corporate Round
Geographical Focus
United States, United Kingdom, Canada, Germany, Singapore, France, Spain, Sweden, Israel, Argentina
Industries Focus
- Software
- FinTech
- Health Care
- Artificial Intelligence
- Blockchain
- Aerospace
- Information Technology
- Machine Learning
- Biotechnology
- Cleantech
- Big Data
- Risk Management
- Medical
- Medical Device
- Supply Chain Management
- Advanced Materials
- Retail Technology
Investor Details Founded: 2012
Creative Destruction Lab (CDL) is a non-profit organization founded in 2012 at the University of Toronto’s Rotman School of Management. It offers a nine-month, objectives-based mentoring program for massively scalable, seed-stage, science- and technology-based companies. The program connects founders with experienced entrepreneurs, scientists, and investors to help them commercialize their innovations. CDL operates across multiple sites, including Toronto, Vancouver, Montreal, and international locations such as Oxford, Paris, and Atlanta. Since its inception, CDL has supported over 1,000 ventures, collectively creating over $28 billion in equity value. Notable alumni include companies like Xanadu, Ada, Atomwise, Benchsci, Kheiron Medical, and Sheertex. CDL does not take equity or charge fees for participation, distinguishing itself from traditional accelerators and venture capital firms. Instead, it focuses on providing mentorship and access to a network of investors to help startups succeed. The organization has received support from various partners, including Scotiabank, Alberta Innovates, and the Strategic Innovation Fund. CDL's approach emphasizes the importance of mentorship and community in fostering innovation and entrepreneurship, aiming to revolutionize management education in the areas of innovation and entrepreneurship.
Requirements
- Participating startups must be in the seed or pre-seed stage, focusing on science and technology innovations.
- Startups should be aiming for massive scalability and have a clear commercialization strategy.
- Founders must be willing to engage with experienced mentors and investors to refine their business models and strategies.
Contact
[Official Website Hidden]
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Portfolio Companies
- Xanadu
- Ada
- Atomwise
- Benchsci
- Kheiron Medical
- Sheertex
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