Creative Destruction Lab

Creative Destruction Lab

The Creative Destruction Lab (CDL) works with startups that employ technology and business models that focus on improvements to economic productivity and human welfare.

Overview

Their stated mission is to 'facilitate the creation and growth of massively scalable science & technology-based companies'. CDL has offices Toronto, Montreal, Calgary, Vancouver, Halifax, New York City

Launched in 2012 at the Rotman School of Management at the University of Toronto, the program has expanded to locations in Vancouver (Sauder School of Business, University of British Columbia), Calgary (Haskayne School of Business, University of Calgary), Montreal (HEC Montréal), Halifax (Rowe School of Business, Dalhousie University), and New York City (Stern School of Business, New York University). CDL is focused early-stage companies with links to university research labs.

The Program involves:

  • Mentorship from entrepreneurs and angel investors: the CDL Fellows and Associates
  • Full-day sessions with the Fellows and Associates take place every eight weeks with the purpose of assessing progress and setting new short-term objectives.
  • Meetings are attended by the Fellows and Associates, a selected group of exited entrepreneurs, angel investors, and partners from leading venture capital firms who invest in ventures.
  • Mentors from academic institutions provide technical feedback to founders and advise the Fellows and Associates on objectives related to technology validation.
  • MBA students work with founders to develop financial models, evaluate potential markets, and fine-tune strategies for scaling. The program is designed for early-stage, science-based technology companies, though they consider all applicants based on their potential to scale and the viability of their product.

Streams

As of 2018, the CDL has eight streams across its six locations:

  • Artificial Intelligence: For founders pursuing commercial opportunities predicated on the application of machine learning. (Montreal, Toronto)
  • Blockchain-AI: For founders pursuing commercial opportunities that benefit from exploiting a combination of blockchain and machine learning technologies. (Toronto)
  • Cities: For founders pursuing commercial opportunities that enhance the productivity and livability of cities and neighbourhoods through, for example, the application of machine intelligence to public infrastructure or commercial real estate. (Toronto)
  • Energy: For founders developing transformational technologies for the energy industry. (Calgary)
  • Health: For founders pursuing commercial opportunities predicated on translational science and technology innovations that improve human health and wellness. (Toronto, Vancouver)
  • Prime (General Technology): For founders pursuing commercial opportunities predicated on exploiting state of the art technological innovations that are outside the boundaries of the other streams. (Calgary, Halifax, New York City, Toronto, Vancouver)
  • Quantum: For founders pursuing commercial opportunities at the intersection of quantum computing and machine learning. (Toronto)
  • Space: For founders pursuing commercial opportunities that exploit the recent drop in the cost of accessing space. (Toronto)

Timeline

People

Name
Role
LinkedIn

Ajay Agrawal

Founder

Amir Sariri

Employee

Christian Catalini

Founder

Daniel Debow

Founder

Daniel Mulet

Employee

Dennis Bennie

Mentor

Emily Barnes

Employee

Isra Abbaro

Employee

Jesse Rodgers

Employee

Nilay Goyal

Employee

rachel harris

Employee

Satish Kanwar

Advisor

Tom Lowden

Employee

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Scott McLean
November 26, 2020
BetaKit
Toronto-based quantum computing startup Xanadu, in partnership with MaRS and Creative Destruction Lab (CDL), announced the launch of a new quantum network.
Meagan Simpson
May 29, 2020
BetaKit
Creative Destruction Lab officially launched its new program, CDL Recovery, focused on transforming tech innovations to aid in the current global crisis.
Meagan Simpson
December 12, 2019
BetaKit
Creative Destruction Lab (CDL) announced on Thursday, the newest location for its accelerator program.
Darrell Etherington
June 12, 2019
TechCrunch
Canadian startup program Creative Destruction Lab (CDL) escapes succinct description in some ways -- it's an accelerator, to be sure, and an incubator. Startups show up and present to a combined audience of investors, mentors, industry players (some of whom, like former astronaut Chris Hadfield, verge on celebrity status) -- but it's not a demo [...]

References

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