Creative Destruction Lab (CDL) is a no-fee/no-equity mentoring program for the founders and executives of pre-seed stage ventures.
Creative Destruction Lab (CDL) is a no-fee/no-equity organization that delivers an objectives-based mentoring program for massively scalable, pre-seed stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success. Founded in 2012 by Professor Ajay Agrawal at the University of Toronto’s Rotman School of Management, the program has expanded to nine sites across four countries: Oxford (Saïd Business School, University of Oxford), Paris (HEC Paris), Atlanta (Scheller College of Business, Georgia Institute of Technology), Madison (Wisconsin School of Business, University of Wisconsin-Madison), Vancouver (Sauder School of Business, University of British Columbia), Montreal (HEC Montréal), Calgary (Haskayne School of Business, University of Calgary), and Halifax (Rowe School of Business, Dalhousie University).
Due to the current global COVID-19 crisis, we have adapted our program to be delivered entirely online. As we follow the guidance of public health officials, we will re-evaluate periodically to decide when to transition back to in-person format. CDL will not turn away ventures that have applied to a specific location if they are not able to attend a session in-person, as there is still uncertainty around the COVID-19 situation.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 13, 2022 | Series Unknown | $1.60M | 1 | Scotiabank | — | Detail |
Jun 2, 2022 | Grant | $500K | 1 | Alberta Innovates | — | Detail |
May 6, 2020 | Grant | $500K | 1 | SCALE AI | — | Detail |
Oct 9, 2018 | Grant | $25M | 1 | Government of Canada | — | Detail |
Nov 21, 2017 | Series Unknown | $4M | 2 |
Bank of Montreal
RBC Capital |
— | Detail |
Announced Date | Fund Name | Money Raised | |
---|---|---|---|
May 22, 2017 | Creative Destruction Lab 2016 | - |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Jan 1, 2021
RillaVoice
|
Non-Equity Assistant | — | Analytics | — |
Jan 1, 2021
Continuum Industries
|
Non-Equity Assistant | — | Artificial Intelligence | — |
Jan 1, 2021
Arcturus
|
Non-Equity Assistant | — | Apps | — |
Jan 1, 2021
MinervaAI
|
Non-Equity Assistant | — | Cryptocurrency | — |
Jan 1, 2021
Merkle Science
|
Non-Equity Assistant | — | Blockchain | Yes |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Scotiabank | Yes | Series Unknown |
Alberta Innovates | Yes | Grant |
SCALE AI | Yes | Grant |
Government of Canada | Yes | Grant |
Bank of Montreal | Yes | Series Unknown |
RBC Capital | Yes | Series Unknown |
Creative Destruction Lab (CDL) has had 44 exits. Creative Destruction Lab (CDL) most notable exits include Odin Vision , RoadBotics
Date | Company Name | Exit Type | Industry | |
---|---|---|---|---|
Dec 20, 2022 | Odin Vision | M&A | Artificial Intelligence | Detail |
Jul 12, 2022 | RoadBotics | M&A | Apps | Detail |
Jun 16, 2022 | VocaliD | M&A | Artificial Intelligence | Detail |
Jun 15, 2022 | Trutino Biosciences | M&A | Biopharma | Detail |
Apr 12, 2022 | Nymi | M&A | Biometrics | Detail |