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Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, 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 11 sites across five countries. Participating ventures have created $20 billion (CAD) in equity value.
Very importantly, CDL does not take any fees, IP stake, or equity from participating startups.
– Artificial Intelligence: For founders developing Artificial Intelligence solutions to massively scalable products, services, and business processes.
– Supply Chain: For founders applying artificial intelligence to supply chain visibility, optimization, and improvement.
– Web 3: For founders leveraging blockchain technologies, who look for ways to massively scale their disruptive business models and explore new ways to govern communities and organizations.
For more information reach out to firstname.lastname@example.org or book a call directly https://calendly.com/sandra-chang/20-min-call
CDL Admissions Criteria (applies to MOST companies – exceptions are made on a case-by-case basis):
-Tech: Disruptive and science-based – generally with existing core IP. The team should have a working prototype by the time of the application.
-Business model and market opportunity: Allow for massive scalability.
-Team: High caliber, driven, and coachable – Ph.D. or Post-docs trying to solve difficult problems.
-Geography: Anywhere in the world.
-Stage: Pre-seed to Series A, with a focus on ventures looking to raise a Seed within the next year
Ventures admitted to the program receive structured mentorship from preeminent serial entrepreneurs turned angel investors, opportunities to raise capital from leading venture capitalists, technical advice from world-renowned scientists, and business execution support from top MBA students.
If admitted, the venture will be expected to attend up to five CDL Sessions.