“Congratulations to the 2016 Startup Canada Awards winners, each of whom have been recognized by their peers as strong role models for Canadians of all ages and entrepreneurs across all sectors for championing a culture of entrepreneurship. Each recipient is driving impact in Canada and globally, and represent the greatness and diversity of Canada’s entrepreneur community.”
- Brenda Halloran, Chair of the Startup Canada Board of Directors
Click here to read the full press release.
Watch the 2016 Startup Canada Awards Video
Outstanding Impact and Enduring Legacy in Canadian Entrepreneurship
ADAM CHOWANIEC LIFETIME ACHIEVEMENT AWARD | Randy Yatscoff,Edmonton, AB
Randy Yatscoff is an entrepreneur, community builder and mentor who has been instrumental in building Edmonton into a thriving entrepreneurial city. Randy is committed to mentoring and supporting the growth of early-stage companies, and has mentored 500 companies since 2009. Over the years, he has helped technology-based companies raise more than $250 million. In 2010, Randy formally joined TEC Edmonton, where he is now the Executive Vice-President of Business Development.
"This award is a recognition of the support of my family and all the colleagues who I have associated with over the years. Without their support this award could never have happened." - Randy Yatscoff, winner of the 2016 Adam Chowaniec Lifetime Achievement Award
Watch the Video
Advancing The Environment and Culture for Entrepreneurship in Canada"I believe it's up to me, and to seasoned entrepreneurs like me, to give back. This award shows me I'm not alone in this belief, that our national startup community recognizes championing others to success as a valuable form of leadership." - Meredith J. Powell, winner of the 2016 Startup Canada Entrepreneur Promotion Award.
ENTREPRENEUR PROMOTION AWARD | Meredith J. Powell, Vancouver, BC
Meredith Powell is the co-founder of Vancouver-based non-profit The Next Big Thing, which empowers youth with the tools they need to succeed as entrepreneurs. Launched in 2013, the incubator has had more than 50 entrepreneurs go through the program - raising nearly five million dollars in seed financing and creating more than 80 new jobs. Powell is also the founder and CEO of Powell and Co., a company that specializes in bespoke startup strategy and rapidly scaling early stage organizations.
Watch the Video
ENTREPRENEUR SUPPORT AWARD | North Forge Technology Exchange, Winnipeg, MB
North Forge Technology Exchange is a collaborative innovation network in the heart of Winnipeg. North Forge is home to Canada’s largest non-profit fabrication lab and provides entrepreneurs with world class mentors, subject matter experts and a multi-stage startup program.
Watch the Video
POLICY PRIZE | Brad Woodside, Fredericton, NB
Brad Woodside is the former Mayor of Fredericton, and the city's longest-serving mayor. A long-time advocate for innovation who led the city through two major development strategies - Vision 2000 and Vision 2020, Brad Woodside Championed Fredericton as a Smart-City with a bold vision of becoming the Startup Capital of Canada.
Watch the Video
STARTUP COMMUNITY OF THE YEAR | Startup Fredericton, Fredericton, NB
Startup Fredericton is an essential leader in creating a collaborative culture locally and across the Atlantic Region. Startup Fredericton, in partnership with Ignite Fredericton, and more than 20 entrepreneur support organizations created Taskforce Fredericton Startup Network with a mandate to steer the entrepreneurial direction alongside grassroots entrepreneurs and business leaders.
Watch the Video
Entrepreneur-led Businesses Demonstrating Excellence"We see the Startup Canada Global Entrepreneurship Award as a testimony to our extensive work in bringing our nurse-inspired Canadian innovation to internationalhealthcare markets, and we hope that this award will inspire other Canadian entrepreneurs to look beyond our borders for expansion." - Tony Abboud, VP of Business Development at Surface Medical Inc and winner of the 2016 Startup Canada Global Entrepreneurship Award.
GLOBAL ENTREPRENEURSHIP AWARD | Surface Medical Inc, Calgary, AB
Founded in 2010, Surface Medical is dedicated to creating innovative products like CleanPatch to reduce the transfer of infection and facilitate the safe administration of healthcare for the benefit of practitioners and patients.
Watch the Video
INNOVATION AWARD | iBIONICS, Gatineau, QC
iBIONICS is the creator of the Diamond Eye - a state of the art technology that uses a microchip solution to restore vision. As a 1-year old startup, iBIONICS punches above their weight in their R&D, robust commercialisation and global drive. Their bionic eye solution will potentially impact the lives of hundreds of thousands of people afflicted with degenerative retina diseases.
Watch the Video
SOCIAL ENTERPRISE AWARD | Aki Energy, Winnipeg, MB
Founded in 2013 in Winnipeg, Manitoba, this Indigenous-owned social enterprise partners with First Nations communities to ensure renewable energy systems are cost effective, and provide positive return for the community. Aki Energy is responsible for installing over $6 million in renewable energy systems in First Nations communities in Manitoba, leading to over a quarter of a million dollars in annual bill reductions to date.
Watch the Video
HIGH-GROWTH ENTREPRENEURSHIP AWARD | iTel Networks, Kamloops, BC
Founded in 2007 in Kamloops, British Columbia, iTel Networks offers one of the fastest and most reliable business internet and telecommunications networks in Canada. iTel Networks has quickly become one of Canada’s fastest growing telecom companies - a fierce competitor with revenues and employees growing over 20% annually.
Watch the Video
Exemplifying the Spirit of Canadian Entrepreneurship
"The award is an affirmation to me that even a person with obstacles ranging from a verbal impediment to being a young ambitious person can be recognized for their pursuit to change their communities and country." - Swarochish 'Swish' Goswami, winner of the 2016 Startup Canada Young Entrepreneur of the Year Award.
ENTREPRENEUR OF THE YEAR AWARD | Dax Dasilva, Montreal, QC
Dax Dasilva is the founder of Lightspeed - a cloud-based point of sale and inventory management software system that is transforming the restaurant and retail industries. Dax is also the founder of Never Apart, a Montreal-based non-profit organization bringing social change and spiritual awareness through cultural programming with global reach and impact. Through Never Apart, Dax has launched various special projects including Colour by Icons - a colouring book and gallery exhibit showcasing historical figures in the LGBT community.
Watch the Video
WOMAN ENTREPRENEUR AWARD | Nadia Hamilton, Waterloo, ON
Nadia Hamilton is the founder of Magnusmode, a Waterloo-based technology company that provides tools and applications to enhance the quality of life of those with developmental disabilities. Nadia is both an entrepreneur and a life-long advocate for families impacted by Autism Spectrum Disorder.
Watch the Video
SENIOR ENTREPRENEUR AWARD | Eli Fathi, Ottawa, ON
Eli Fathi has built, scaled and exited many great companies in the National Capital Region. Currently, Eli is the CEO of MindBridge Ai. The company's mission is to augment human intelligence with a powerful Ai to help professionals detect and prevent employees from committing fraud.
Watch the Video
YOUNG ENTREPRENEUR OF THE YEAR | Swarochish ‘Swish’ Goswami, Calgary, AB
Born in Singapore and raised in the Canadian Prairies, Swish is a 19 year-old University of Toronto student who started his first business at just 7 years old. A serial entrepreneur and innovator, Swish built seven high-impact ventures including World Youth Fund, The Next Foundry, and Rafiki Media.
Tuesday, December 06, 2016
Meet the 2016 National Startup Canada Awards Winners
Thursday, December 01, 2016
Show off your sales savvy and win a seat at The Art of Sales
Let’s crowd-source some wisdom here.
Here are two of my favourite sales tips. Now you share
yours.
If you share two of your best sales tips/lessons/rules
of thumb by midnight Sunday Dec. 4, you could win a free ticket to the Art of Sales event in Toronto on Dec. 7.
Submit your best sales wisdom to me be email (rick-at-rickspence.ca)
or by leaving a comment below. All those who have responded by midnight Sunday
will be entered into a draw for a free ticket valued at more than $400!
Hear from speakers such as Jeffrey Gitomer, Charles Duhi,and Salesforce’s Tiffani Bova!
So send me your favourite sales tips now.
Here’s mine:
Selling isn’t about convincing customers, but giving them the
information to make the best possible purchase.
In selling, trust is more important than price.
See how easy it is? Send me your best tips by Sunday night, and
we’ll all learn together.
Tuesday, November 29, 2016
One of the coolest startups I've ever encountered
Little Box of Rocks is a Winnipeg company that sells bouquets
of rocks. It’s one of the most creative and original businesses I have ever seen.
Founder Kiera Fogg is a stay-at-home mother of three who was
looking for a business she could run from home – and hit pay-dirt with her beautiful
giftboxes of polished stones and crystals. Featured in gift guides from the
likes of Gwyneth Paltrow and Cameron Diaz, Little Box of Rocks now has robust
sales to throughout Canada, the US, and Australia, and is
looking at selling through
retailers by mid-2017.
Most importantly, Fogg figured out that building a brand is
all about telling compelling stories.
Each of her “bouquets” carries a message –
of hope, health, courage, love – that’s pretty much guaranteed to please both
sender and recipient. Fogg created every bouquet and wrote every story
herself, reminding all of us that business
is an art form, and creativity is an endlessly renewable resource.Monday, November 14, 2016
How to start your startup right
I received a request this week from a financial professional for some advice on how to advise an Internet company being started by a friend. He asked: "Can you suggest some books/blogs etc to help guide me? Any guidance would be greatly appreciated."
So here is my response:
Hi, xxxx. Great to hear from you.
There are so many resources out there.
First, looking at books, The E-Myth Revisited is a classic book on the true role of the entrepreneur: ie, adopting systems so that you are working ON your business, not IN it.
The Lean Startup (Eric Reis) and The Startup Handbook (Steve Blank) are the contemporary bibles for tech startups. Both authors have also published many additional articles that are very useful and informative, and are available for free around the Internet or on their own websites. The important point of their models is that startup entrepreneurs must spend much more time testing their ideas with customers and prospects, rather than fiddling with their products or trying to "perfect" them without continuous feedback.
There are many organizations that can help your friend get off on the right foot. If they live in or near Toronto, they should check out MaRS, Startup Grind AND Startup Toronto. They all offer regular meetings with experts sharing important information, as well as opportunities to network with and learn from other startup entrepreneurs.
Your partner might also look to rent a co-working space in their community, so they can work side-by-side with other entrepreneurs trying to master similar problems. Entrepreneurs tend to be very open and sharing about the startup process, so you can save a lot of time (and possibly cash) by finding people who are going through the same things you are - or, best of all, went through it only a year ago (so they know what works and doesn't, but their information is still relatively fresh).
Every startup entrepreneur needs a mentor or accountability coach to keep them on track.
If your friend is under 40, they might find useful resources at Futurpreneur. They offer funding for startups, and, more importantly, they find each startup a personal mentor to work closely with over the next two years or so. I've known many entrepreneurs who didn't need the money, but took it anyway as it allowed them to access Futurpreneur's mentor pool.
I hope that helps. I might also suggest your colleague go to the Financial Post site and re-read my recent profiles of startups. As you may know, my stories focus heavily on the how-they angle: how these entrepreneurs overcame the typical hurdles and challenges faced by most startups. I think he or she will get lots of road-tested advice to shorten their learning curve.
Hope this helps. Do keep me updated on his or her progress!
Rick
Wednesday, November 09, 2016
Turning Disaster into an Opportunity
I am a proud Canadian. But as the son of a mother from Brooklyn, living one hour from the U.S. border, I share the shame and anxiety
so many Americans feel today. The unthinkable has happened: a childish, narcissistic
clown has harnessed the worst parts of American patriotism and despair, and
ridden it into the White House.
How did this happen? The Democrats got lazy. They thought Hillary
was destined to win; they believed the inexperienced, friendless Trump was a dream
opponent. For her part, Hillary thought she didn’t have to answer for her Clinton-esque
faults: the chasing of money, the association with elites, the questionable
dealings around the Clinton Foundation and her missing emails. Her refusal to
do press conferences revealed an arrogance that wasn’t far off the far right’s view
of her as high-hatted and entitled.
As the Trump train gained momentum, Hillary and her handlers
responded haughtily, if at all, to these legitimate concerns. At the Democratic
convention in July I thought that both Bill and Hillary excelled in changing
the narrative, painting a new picture of Hillary as a lifelong crusader for prosperity,
equality and inclusion. But after the convention, the Dems went quiet again, refusing
to tell their story while Trump gathered coverage day by day with one outrageous
lie after another.
Before long, everyone knew Donald’s story. Hillary didn’t have
one. Voters had nothing to identify with. Meanwhile, the media elites missed the
anger simmering in the ’burbs and the countryside, over disappearing jobs,
falling wages, lower home prices (ie, less money for retirement), social
change, gun control and immigration. Where these concerns were acknowledged,
they were rarely addressed, but dismissed
through the use of selective economic statistics or the pressure of political
correctness.
So the passion for Hillary faded, and Trump emerged as an unlikely
national champion. His shallow world view, his inbred, ego-feeding business career,
his inexperience, his racism and his twisted view of women, are all frightening
traits in a chief executive, especially a nation’s moral leader. Today, many
Americans live in fear of what will happen next, given the outdated values and
opinions that Trump and his team will bring to the Oval Office. In California
last month I met entrepreneurs of Mexican descent, children of illegal
immigrants, who have no legal status in America. They couldn't believe the rhetoric
coming from the Trump camp, and will now be fearing for their futures. These are
professionals who employ dozens of people. All they ask is a path to citizenship
in the only country they’ve ever known. Trump’s victory will leave them shaking
– as it does so many women, blacks, Jews, gays, and others who don't fit the
#MAGA mold.
But this is not a time for despair.
Of all the many Republican candidates for president, Donald
Trump was the least ideological, the least rigid, the least devoted to sucking
up to the Tea Party. He’s a New Yorker, confident and unafraid, allegiant to no
partisan principles. He’s self-centered, vulgar and uninformed, but a pragmatist,
beholden to no one. I compared him earlier to Toronto’s disastrous mayor, Rob
Ford, but Trump is his own movement, not the standard-bearer of a conservative
counter-reformation.
He is, in a word, malleable.
He is, in a word, malleable.
So let’s not demonize Donald Trump. Let’s not write him off.
Let’s build bridges. Let’s appeal to his better nature and help guide him to wise
decisions. There is already tension in Republican ranks over his casual
takeover of a party on a serious, long-term ideology-driven mission. The
Republicans vote-chasing machine has served its purpose, and Trump is now free
to disregard it in the same way he abused and underpaid his suppliers once their
products and services were safely delivered to the Trump organization.
At worst, this is a time to re-evaluate and re-emphasize liberal
principles. Let’s start by showing that Hillary was right: #LoveTrumpsHate. Let’s
continue to show as much kindness and generosity as we can, to those who need it
most, to our friends, family and communities, and to our opponents as well. (Edit: I just volunteered to help a struggling organization, and made a donation to Planned Parenthood in Florida.)
Let’s
ramp up our commitment to each other. Let’s show Trump Nation what real social
and economic progress looks like.
And let’s give Mr. Trump the benefit of the doubt. He is
eager for approval. Let’s engage him, and guide him in his unexpected new role.
Wouldn't it be ironic if he were the guy who broke the extremists’ hold on the
GOP?
Let’s encourage him to be his own man and do the right thing. And maybe, just maybe, we’ll get through this.
Let’s encourage him to be his own man and do the right thing. And maybe, just maybe, we’ll get through this.
Friday, November 04, 2016
Learning from Silicon Valley
My recent trip to Silicon Valley resulted in two fun columns
for the National Post.
The first looks at success tips from the QuickBooks
Connect conference in San Jose, from both hard-working entrepreneurs and some rather susprising celebrities. By contrast, the second column focuses on failure – as discussed
at a “Day of the Dead” event at the Computer History Museum in Mountain View.
From Oct. 31:
QuickBooks Connect brought together entrepreneurs, accountants
and celebrity achievers for three days in San Jose to discuss growth, collaboration,
technology and creativity. Here are 10 tips to help you succeed in the new business
era.
Actress America Ferrara on finding your niche: As the star of "Ugly Betty" struggled to find a new role as a producer, she realized she' would do best by "telling stories only I could tell." She concluded: “You don’t have to
stray from your passions to have impact.”
Olympic swimmer Michael Phelps on competition: Commenting on his intensity before a crucial race this summer in Rio, the winner of five 2016 Olympic gold medals revealed: “When someone
makes a negative comment, I make it a motivator. I use it as fuel.”Dave Alwan, a winning pitcher on Shark Tank: “If you don’t dream big, you can’t think big.”
Read insiders’ insights into why even good businesses fail –and
sometimes bad businesses succeed. Find out why a tablet failed in 1991, and how the founder of Twitch.tv messed up his first startup.
The conclusion: “Canadians need to share more collective wisdom about about failure. And why it’s a beginning, not an end.”
The conclusion: “Canadians need to share more collective wisdom about about failure. And why it’s a beginning, not an end.”
![]() |
| Attendees were encouraged to memorialize their favourite failures. |
Wednesday, October 12, 2016
Export Success: Here's why it's a choice
This post brought to you by HSBC Bank Canada. The content and opinions expressed below are that of Canadian Entrepreneur.
From beaver pelts to auto parts and yoga pants, Canada has always been a trading nation. But do we have what it takes to compete in the global marketplace?
In recent years, Canadian exports have been hard hit by declining commodity prices and the shrinking manufacturing base left behind as commodity production shifts to lower-cost countries. Without robust exports, Canadians will be hard-pressed to sustain the economic growth that has made this country one of the world's most prosperous - and most envied - nations.
But here's the good news. Canada's biggest trading partner, the United States, is enjoying robust economic growth. And a recent study by the Conference Board of Canada identifies key opportunities for growth of exports to the U.S. that Canadian companies aren't sufficiently pursuing. Significantly, many of these opportunities don't involve products, but services, meaning that Canadian businesses can flourish in the fastest-growing parts of the economy - the service sector, where brainpower and creativity matter more than labour costs.
The study, entitled "Taking Advantage of the U.S. Economic Rebound," identifies 11 Canadian industries that are well prepared for expansion and competitiveness in the U.S. Of those, the study finds five broad sectors that are best positioned to take advantage of growing U.S. demand:
• Transportation and government services;
• Other commercial services (e.g., wholesale trade and administration);
• Computer and information services;
• Food manufacturing;
• Finance and insurance services.
To learn what it takes to crack U.S. markets, the study, takes a close-up look at three current Canadian success stories: Spin Master, a Toronto -based toy and media company whose top brands include Air Hogs and Paw Patrol; Vancouver-based Global Relay, which provides message-management services for major corporation, including 22 of the 25 top global banks; and McRae Imaging, an innovative digital-graphics printing company based in Mississauga, Ont.
The report notes four key characteristics of winning exporters:
• they have skilled executives with strong vision and a growth mindset;
• they create competitive advantage through a proven capability to innovate;
• they identify export opportunities through their practical knowledge of foreign market;
• and they access support through international contact networks.
So interesting to see that export success isn't based on size, clout, or legacy brands. Market-driven innovation and attention to details makes all the difference. Through doable tactics such as implementing new internal processes and leveraging external partnerships, companies can make the decision to grow.
This encouraging news is especially important today because the Canadian export narrative in recent years has been so negative: shuttered factories, lost jobs, chatter that we're no longer competitive. Combine that with recent protectionist trends such as Brexit and shrill calls to build "walls" between nations, and it's no wonder many Canadians - including business leaders - question our ability to compete.
Studies such as this, which was commissioned by HSBC, prove that export success can be a choice, not a fluke, for Canadian companies that are serious about growth.
Canada has a robust entrepreneurial ecosystem, but only one firm in 10 exports its goods or services abroad. This new study reminds us that other markets are hungry for goods and services Canada can provide. But if individual businesses and entrepreneur don't actively study new markets, and develop the capability to serve them, then potential customers will buy from someone else.
To learn more about how to take advantage of U.S. export opportunities, HSBC is conducting a webinar on "Connecting for Growth" on Oct. 27, 2016. 2 pm Eastern time, 11 am Pacific time.
Register for the webinar here
#HSBCReport
@HSBC_CA

From beaver pelts to auto parts and yoga pants, Canada has always been a trading nation. But do we have what it takes to compete in the global marketplace?
In recent years, Canadian exports have been hard hit by declining commodity prices and the shrinking manufacturing base left behind as commodity production shifts to lower-cost countries. Without robust exports, Canadians will be hard-pressed to sustain the economic growth that has made this country one of the world's most prosperous - and most envied - nations.
But here's the good news. Canada's biggest trading partner, the United States, is enjoying robust economic growth. And a recent study by the Conference Board of Canada identifies key opportunities for growth of exports to the U.S. that Canadian companies aren't sufficiently pursuing. Significantly, many of these opportunities don't involve products, but services, meaning that Canadian businesses can flourish in the fastest-growing parts of the economy - the service sector, where brainpower and creativity matter more than labour costs.
The study, entitled "Taking Advantage of the U.S. Economic Rebound," identifies 11 Canadian industries that are well prepared for expansion and competitiveness in the U.S. Of those, the study finds five broad sectors that are best positioned to take advantage of growing U.S. demand:
• Transportation and government services;
• Other commercial services (e.g., wholesale trade and administration);
• Computer and information services;
• Food manufacturing;
• Finance and insurance services.
To learn what it takes to crack U.S. markets, the study, takes a close-up look at three current Canadian success stories: Spin Master, a Toronto -based toy and media company whose top brands include Air Hogs and Paw Patrol; Vancouver-based Global Relay, which provides message-management services for major corporation, including 22 of the 25 top global banks; and McRae Imaging, an innovative digital-graphics printing company based in Mississauga, Ont.
The report notes four key characteristics of winning exporters:
• they have skilled executives with strong vision and a growth mindset;
• they create competitive advantage through a proven capability to innovate;
• they identify export opportunities through their practical knowledge of foreign market;
• and they access support through international contact networks.
So interesting to see that export success isn't based on size, clout, or legacy brands. Market-driven innovation and attention to details makes all the difference. Through doable tactics such as implementing new internal processes and leveraging external partnerships, companies can make the decision to grow.
This encouraging news is especially important today because the Canadian export narrative in recent years has been so negative: shuttered factories, lost jobs, chatter that we're no longer competitive. Combine that with recent protectionist trends such as Brexit and shrill calls to build "walls" between nations, and it's no wonder many Canadians - including business leaders - question our ability to compete.
Studies such as this, which was commissioned by HSBC, prove that export success can be a choice, not a fluke, for Canadian companies that are serious about growth.
Canada has a robust entrepreneurial ecosystem, but only one firm in 10 exports its goods or services abroad. This new study reminds us that other markets are hungry for goods and services Canada can provide. But if individual businesses and entrepreneur don't actively study new markets, and develop the capability to serve them, then potential customers will buy from someone else.
To learn more about how to take advantage of U.S. export opportunities, HSBC is conducting a webinar on "Connecting for Growth" on Oct. 27, 2016. 2 pm Eastern time, 11 am Pacific time.
Register for the webinar here
#HSBCReport
@HSBC_CA
Tuesday, October 04, 2016
How Linamar maintains its edge while planning for an unpredictable future
Linamar Corp. of Guelph, Ont., is Canada's second-biggest autoparts
maker and one of our biggest entrepreneurial success stories. Now under the leadership
of Linda Hasenfratz, daughter of the company's founder, Frank Hasenfratz, the $5-billion-a-year
company prides itself on retaining the spirit and agility of a small growth company.
In my latest column for the Financial Post, I explore two of
the key tenets that guide Linamar in its journey. They address two strategic
priorities that most businesses face:
1. How do you avoid waste and bloat as your company grows?
2. How do you plan for a future of continuous, unpredictable technology and business
change?
In each case, Linamar's solutions are both aggressive and
elegant in their simplicity:
1. Linamar has created a culture in which all employees are
expected to come up with at least six ideas for improvement every year.
2. Linamar has instituted a 100-year planning process, which
helps senior management identify the spots where its capabilities and new business
opportunities best intersect.
How are these bold initiatives making a difference at Linamar? How might similar tactics change the future of your company? Click here to read my interview with Linda Hasenfratz.
Thursday, September 08, 2016
On its 50th birthday, Star Trek still matters to entrepreneurs -- and the world
As the baby boomers grew up and embraced entrepreneurship, I
was surprised to learn how many successful business-builders were rabid Trek fans. One entrepreneur even named his company “Star” to honour the show.
He, like many others I met, was inspired by Star Trek’s hopeful vision of the
future, its embrace of diversity and inclusiveness, and its core values of
science, peace and discovery. Entrepreneurs embrace its lessons in leadership, diplomacy,
and solving problems using your imagination at least as often as your phaser.
It was easy to be negative in the 1960s and ’70s, as issues
such as crime, racism, unjust wars, and the atom bomb hung like black
bunting over the world. But Star Trek rejected those petty divisions, and foresaw
a universe based on equality, collaboration and optimism – the same values espoused
by so many of today’s ambitious tech startups.
It seems to me that today’s geopolitical struggles – right vs
left, democracies vs radical fundamentalists – reflect the same division now: between
people who see things getting better, and those who see the world falling into
decay and despair. A gulf lies between people who embrace and advance societal change,
and those who fear the future.
Star Trek was one of the first TV shows to regularly address
important issues of race, society and politics. In its message of hope, it echoed that of Franklin
D. Roosevelt: “The only thing we have to fear is fear itself.” Roosevelt went
on to describe fear as the “nameless, unreasoning, unjustified terror which
paralyzes needed efforts to convert retreat into advance.”
If a society does not advance it decays.
What a good word Roosevelt chose: “Advance.” It’s pretty
much synonymous with “Boldly Go.”
Trek On, captains and crew, for another 50 years.
In a lighter vein, below is a poster reprising a column I
wrote in PROFIT magazine 20 years ago: “Everything
I know about business I could have learned from Star Trek .”
Tuesday, September 06, 2016
Razor Suleman's Big Ambitions
Toronto entrepreneur Razor Suleman first got in my sights through Snap Promotions, a promotional-products company that started in his dorm room at Wilfrid Laurier University as a supplier of student t-shirts. That company evolved into Achievers, an employee-engagement platform for organizations wanting to boost motivation and corporate culture.

Razor has always been humble, curious, passionate, and driven - the best kind of entrepreneur. Last year, he successfully sold Achievers, and started a new career: as a champion and a catalyst for Canadian entrepreneurship.
My Financial Post column this week looks at how Razor is trying to strengthen Canada's entrepreneurial ecosystem, through his own efforts and through the Next 36, where he today takes up the mantle of CEO. If you've been following my work, you know the Next 36 is an ambitious program to jump-start the creation of high-impact entrepreneurs, and now its mandate is expanding in exciting new directions.
You'll also learn why Razor didn't mean to sell his company.
You can read the story here:
Entrepreneur incubator Next 36 hires its first CEO in tech millionaire Razor Suleman
And take 2 minutes to watch the accompanying video, which includes Razor's tips on how to improve your own team's culture and motivation!
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Razor has always been humble, curious, passionate, and driven - the best kind of entrepreneur. Last year, he successfully sold Achievers, and started a new career: as a champion and a catalyst for Canadian entrepreneurship.
My Financial Post column this week looks at how Razor is trying to strengthen Canada's entrepreneurial ecosystem, through his own efforts and through the Next 36, where he today takes up the mantle of CEO. If you've been following my work, you know the Next 36 is an ambitious program to jump-start the creation of high-impact entrepreneurs, and now its mandate is expanding in exciting new directions.
You'll also learn why Razor didn't mean to sell his company.
You can read the story here:
Entrepreneur incubator Next 36 hires its first CEO in tech millionaire Razor Suleman
And take 2 minutes to watch the accompanying video, which includes Razor's tips on how to improve your own team's culture and motivation!
a34346a0a50b4f0c32f516ee9655e08de0bcd7c3689302a8e3
Wednesday, August 24, 2016
The news you need about the companies that matter
The news you read should always be, somehow, a leading
indicator of the future. Since humans started telling each other stories around
the campfire, the key question has always been, “What’s going to happen next?”
Coverage of entrepreneurs is scant in the daily press, trailing
far behind day-to-day coverage of earnings reports and breathless alarms about commodity
prices. But if you really want to know where business is going, it’s the coverage
of entrepreneurial companies and their growing ambitions that will better point
you the way to the future.
Here are a few of the cool companies I've been chronicling
in this summer’s National Post.
* Flixel’s deal with Facebook cements its status as a startup to
watch. Its “cinemagraphs” are mesmerizing. Do watch the video we produced to
illustrate this story properly.
* Calgary fashion brand TripleFlip has a unique objective – building
the self-esteem of tween girls – that is supercharging its push into the U.S.
* Founded in Turkey, Twentify is a serious crowd-sourcing startup
being supported by visionary Canadian venture capital. Twentify wants to be the go-to
solution for businesses needing instant intelligence, and it’s using Ottawa as
a base to expand globally.
* Bridgit is the former Next 36 company that is bridging the gap
between the construction industry and new technology. Meet its two engaging
founders in our exclusive video.
* When I first heard about online catering aggregator Platterz, I practically yawned. Then I learned more about this Toronto company’s plans for world domination in the B-to-B supply space.
* Needls is helping small businesses find customers in the
social media haystack. Maybe they can help you.
Friday, July 01, 2016
"When did the country that produced the CPR, Expo 67 and the CN Tower stop thinking big?"
To celebrate Canada Day, a look back to my Feb. 18 column on the World Government Summit I attended in Dubai.
Sure, that's a bit counter-intuitive. But they say you learn more about your country by leaving it
for a while than by staying home. Travel gives you a more personal frame of
reference for understanding how things work, or might work. You break free from
home-grown conventions and assumptions, and realize that other societies may have
ideas, approaches and solutions that your home country can learn from.
Dubai is an eye-opening place, a bizarre mix of traditional Bedouin
culture and architecture straight out of The
Jetsons. Yes, there is money to spare, money for show, like a permanent
World’s Fair meant to impress other people with how far you've come. Yet unlike
most enclaves of the rich, there is a tangible yearning among the Emirati in
Dubai to be part of the world – to help figure out how we should live, here in the
21st century.
The World Government Summit tackled problems like decision-making
governance, infrastructure, technology, energy and climate change, poverty, philanthropy,
economic development, city planning, education, and so much more. They invited
experts from all over the world to share their ideas and success stories. The
United Arab Emirates don't pretend to have all the answers – but they are
vigorously seeking them out.
It made me wonder why Canadians – representing a
common-sense approach to life, a mid-Atlantic philosophy of building a safer, more
just society – isn’t doing the same thing.
Canadians should be global thought leaders in livability, civil
society, architecture and infrastructure, diversity, communication, sustainable
energy, and so much more. We have valuable knowledge and experience to give the
world – and the wealth and global connections to attract and identify the best
ideas, the movers and shakers, to make us a true epicenter of best practices
and professional inquiry.
We need only vision and will. If they can do it in Dubai, just
a generation emerged from the desert, we can do it here.
Here’s that column, in full:
How Canada and its entrepreneurs can ensure they are part of the race to innovation
National Post, Feb. 18, 2016
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| At WGS, awards for innovative governments around the world |
The daring of Dubai: In the first presentation
of the three-day summit, Klaus Schwab, founder of the World Economic Forum and
the Davos summits, congratulated Dubai “for having the courage and the
foresight to transform a meeting into an ongoing international organization.”
That was the first I’d heard that the four-year-old summit will become a
permanent think-tank, based on Dubai, researching and promoting improved
governance for an increasingly uncertain world.
It’s a gutsy move, given that this event is not yet a global
institution. Although it boasted attendees from 125 countries, at least 80 per
cent of attendees were UAE citizens, as you can’t mistake their national
costume: the dashing white robes of the men and the black robes of the women.
Clearly, Dubai’s leadership harbour enormous ambitions and
think long term. More Canadian leaders should do the same. Dubai’s population
is only 2.5 million, about the size of greater Vancouver and half that of
Toronto. When did the country that produced the CPR, Expo 67 and the CN Tower
stop thinking big?
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| Summit attendees got a preview of Dubai's next state museum |
The Arab advantage: Arab scientists developed
most of what we now think of as mathematics. That’s just the start. Jim
Al-Khalili, an Iraqi-born physics professor at the University of Surrey in
England, reminded the summit that from the 8th to 13th centuries, Islam led the
world in science, astronomy, medicine, engineering and geography. Just one
example: Ibn-Sina’s Canon of Medicine, written in 1025, remained the world’s
standard textbook on anatomy and medicine for more than 500 years.
![]() |
| Museum exhibit suggests telepathy could soon be a product... |
Today, Al-Khalili said, Islamic countries spend less than
0.5 per cent of gross domestic product on research and development (Canada
spends 1.6 per cent; the U.S., 2.8 per cent). He sees promising
pro-science initiatives in wealthier Arab countries such as UAE, Qatar, Jordan
and Saudi Arabia, but said there’s a long way to go.
“There need to be changes in the whole infrastructure, from
education to R&D. And one way of encouraging this is to get the message
across that this spirit of rational inquiry, that transcends religion, culture
and language, was alive and well here in the Golden Age… There is nothing,
whether in their culture, their faith or their politics, that stands in their
way.”
Canadians, too, need to stand up for science. The Conference
Board of Canada gives us a “C” for the percentage of university students
studying science, math, computer studies and engineering – just 21.2 per cent,
behind a dozen other industrialized countries, including Finland (32 per cent)
and Germany (30 per cent). Women especially are underrepresented in engineering
and computer science. The Conference Board also hands us a “C” for business
innovation, urging companies to invest more in innovation, R&D, and
commercialization of new ideas. Canada’s resource-heavy economy will see no
renaissance without more science and discovery.
The U.S. doubles down on innovation: As head of
the U.S. delegation, Under Secretary for International Trade Stefan Selig
delivered a rousing defence of the need for innovation in both business and
government. “Governmen will be judged by how well it enables its citizens to
achieve the gains posed by the innovation economy,” he said.
![]() |
| ... or you can just share a few select dreams. |
When did the country that produced the CPR, Expo 67 and the
CN Tower stop thinking big?
Canadian entrepreneurs offer endless solutions for boosting
the efficiency and effectiveness of institutions and other businesses. All
businesses must insist customers, and especially governments, adopt more
innovation-friendly cultures and purchasing policies. You need each other.
The world is getting better: Last year, the rate
of extreme poverty around the globe dipped below 10 per cent for the first time
ever, Jim Yong Kim, president of the World Bank, said. “This is tremendous
progress. In the past 15 years, one billion people have been lifted out of
poverty,” he noted.
This should remind Canadian entrepreneurs that around the
world, their prospect list continues to grow. Emerging economies and middle
classes want what the West has, and need the products and services you create.
Seek out Export Development Canada and Global Affairs Canada (the new name for
the country’s international trade ministry). Join trade groups and
international chambers of commerce. Talk to business colleagues about how they
assess new export markets. The competition is fierce, but the rewards are huge.
In light of the conflict in the Middle East, Kim feels an
urgency to act that could also inspire entrepreneurs preparing to go global:
“This is a time for urgent and positive action,” he said. “There is such a
thing as being too late.”
Rick Spence is a writer, consultant and speaker
specializing in entrepreneurship.
Thursday, June 16, 2016
Meet the new Small Business Minister
The previous post refers to our new Small Business Minister, Bardish Chagger, but you might not know anything about her yet. She's a ridiculously young 35-year-old rookie MP who combines youthful spunk with seriousness of purpose.
She's very different from the more staid individuals who have occupied this post in past governments. Yes, I have high hopes for her.
Here's are a few things you should know about Minister Chagger:
She represents Waterloo, that vital city of can-do technology and entrepreneurship. Her official bio reports:
Prior to becoming MP for Waterloo, Bardish Chagger worked at the Kitchener-Waterloo Multicultural Centre, an organization that assists new Canadians as they transition to full participation in our community’s life. As the Special Projects Coordinator, Bardish planned and coordinated the annual Kitchener-Waterloo Multicultural Festival in Kitchener’s Victoria Park, bringing together community, cultural and business groups in Waterloo Region. She also worked with other agencies to offer an annual Global Skills Conference to introduce foreign-trained professionals to related professions and to find meaningful employment.
http://bchagger.liberal.ca/biography/
She loves Twitter: https://twitter.com/MinofSBT
Her mandate includes:
She's very different from the more staid individuals who have occupied this post in past governments. Yes, I have high hopes for her.
Here's are a few things you should know about Minister Chagger:
Chagger comes from a working-class Sikh family that immigrated from Punjab, India. Her grandparents and father worked in a Waterloo carpet factory when they came here in the 1970s...
Chagger's family lived through ugly racism at first, including rocks thrown at their house and graffiti spray-painted on its walls. But they always kept their eyes on that better life for which they came to Canada.
See more at: http://www.therecord.com/opinion-story/5460014-d-amato-waterloo-s-bardish-chagger-embodies-the-best-of-liberal-values/She represents Waterloo, that vital city of can-do technology and entrepreneurship. Her official bio reports:
Prior to becoming MP for Waterloo, Bardish Chagger worked at the Kitchener-Waterloo Multicultural Centre, an organization that assists new Canadians as they transition to full participation in our community’s life. As the Special Projects Coordinator, Bardish planned and coordinated the annual Kitchener-Waterloo Multicultural Festival in Kitchener’s Victoria Park, bringing together community, cultural and business groups in Waterloo Region. She also worked with other agencies to offer an annual Global Skills Conference to introduce foreign-trained professionals to related professions and to find meaningful employment.
http://bchagger.liberal.ca/biography/
She loves Twitter: https://twitter.com/MinofSBT
Her mandate includes:
- Support the Minister of Innovation, Science and Economic Development in launching an Innovation Agenda to expand support for incubators and accelerators, as well as the emerging national network for business innovation and cluster support. In addition, work with him as he clarifies innovation and business development programs, including the Industrial Research Assistance Program, and new programs, to ensure we are world leaders in clean and sustainable technologies and to ensure that our programs are supportive of small businesses that are seeking to become more productive, more innovative and more export-oriented.
- Work with the Minister of International Trade to prepare and execute a new Canadian international trade strategy to ensure that programs and approaches are supportive of small and medium-sized enterprises (SMEs). Specifically, work to make it easier for SMEs to take advantage of government financing and export-oriented supports.
- Work with the Minister of Finance as the small business tax rate reduction is implemented to ensure that it is used to support small businesses, rather than used to reduce personal income tax obligations for high-income earners.
- Engage provincial, territorial, and municipal governments to create as much alignment as possible with complementary programs delivered by other governments to support SMEs.
- Work with your provincial, territorial, and municipal counterparts to promote Canadian tourism and strengthen the Canadian brand abroad for tourists.
- Support your Ministerial colleagues as they seek ways to reduce the administrative burden on small business.
- (For the full text of the minister's Mandate Letter, see
- http://pm.gc.ca/eng/minister-small-business-and-tourism-mandate-letter)
Wednesday, June 15, 2016
Pushing Back against Bureaucracy
At Startup Canada's Startup Day on the Hill last month in Ottawa, a number of entrepreneurs had a chance to sit down with senior members of the federal government to push our own specific ideas for new policies to support small business.
Most of the proposals involved new ways of funding investment in small business. That crucial gap being well covered, I took a different focus. I pushed for Ottawa to keep pushing back on bureaucratic regulations and red tape that hinder business dynamism and growth. The previous Conservative government was quite diligent on this file, but the Liberals had seemed to take their eye off the ball.
My proposal: that federal civil servants and regulators be mandated to review all new rules and legislation with an "entrepreneur-first" orientation. Any components that would stymie or slow entrepreneurial activity, I posited, should be shipped back to committee for overhaul.
You can read the details below.
(Note: Towards the end of Startup Day, I had the chance to speak with Small Business Minister Bardish Chagger, and ask her about the status of her government's war on red tape. She said the commitment is still there, but they're working on a new way to frame it. So let's keep the pressure on!)
Below, you'll also see my related recco: to raise the threshold for GST/HST participation to $60,000, up from the current $30,000. Let's not burden startups by making them all tax collectors!
You can also read my Financial Post article on Startup Day: Four key things Ottawa could do to improve startups’ odds.
Thursday, March 31, 2016
The Advantages of Entrepreneurship
- A reader on a previous blog post left an intriguing question in the comments box:
- "Are the advantages or the disadvantages of entrepreneurship more important? Why?"
- I love the question, and offered the following reply:
- Great question!
The advantages of entrepreneurship are many and varied:
• Self-reliance.
• Confidence.
• Independence.
• Accountability for one’s own obligations and mistakes.
• Fiscal discipline.
• Evaluating risk.
• Develops strong communication skills, as well as vision, creativity, strategy, planning and leadership.
Communities of entrepreneurs invariably develop additional strengths, such as collaboration, mentoring, coaching and partnering. They create bottom-up solutions based on personal passions and fiscal responsibility. Other forms of economic activity (reliance on big government or big business) encourage imposed, top-down solutions, and individual conformity, dependence and social/economic passivity.
What are the disadvantages of entrepreneurship?
• Occasionally, bad actors create companies or products that rip people off. The solution is 2,000 years old: Caveat Emptor!
• Many people are not cut out to be entrepreneurs, preferring to be followers rather than leaders. Solution: entrepreneurs create jobs for people who are not entrepreneurs!
• Elites (companies with market dominance, established interests, monopolies, and governments that prefer to concentrate power in themselves) are often discomfited by the changes and disruption created by entrepreneurs’ hustle and innovation. Solution: They change and adapt, or they buy up the entrepreneurial solution – thereby freeing the entrepreneur to go out and start again!
• Sometimes entrepreneurs achieve market dominance themselves, and then behave selfishly or arrogantly. Solution: Other entrepreneurs will find new ways to create value for customers in that market, and will cut arrogant producers down to size. Entrepreneurship breeds its own solutions! - Thu Mar 31, 08:28:00 AM

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