York Entrepreneurship Development Institute

Last updated

York Entrepreneurship Development Institute (YEDI)
Industry Startup accelerator, education
Founded2013;8 years ago (2013)
FounderMarat Ressin
Headquarters
Toronto, Ontario
,
Canada
Number of locations
4 locations (2019)
Key people
Marat Ressin, Oleg Amurjuev, Ric Phillips, Maria Konikov
Website yedinstitute.org

York Entrepreneurship Development Institute (YEDI) is a venture fund, startup accelerator, incubator and entrepreneurial community located within York University in Toronto, Ontario, Canada. YEDI facilitates collaboration between students, alumni, and academic and business leaders. [1] The organization was founded in 2013 by businessman Dr. Marat Ressin, a native of Russia with close ties to the Jewish community in Canada. [2]

Contents

Overview

York Entrepreneurship Development Institute is a sector-agnostic start-up supporting organization that provides mentorship to entrepreneurs and not-for-profit organizations. Upon graduation, the entrepreneurs receive formal certification from The Schulich School of Business (York University) and YEDI. [3] The accelerator programs also assist high potential start-ups with securing funding. [4]

YEDI holds events aimed at creating connections between members from different industry sectors. [5] Start-ups and entrepreneurs use the YEDI spaces during their start-up programs to make prototypes and have a co-working space located within facilities of York University and YEDI's partners. [6]

Awards

In 2016, Marat Ressin, president and founder of YEDI, received an award for Excellence in Innovation. [7] [8]

In 2017, YEDI was named a Designated Business Incubator for the Canadian government's Start-Up Visa Program. [9] [10]

In 2018, YEDI was ranked the No. 1 University-Linked Business Accelerator in the World by UBI Global, a Swedish data and advisory firm. [11] [12] [13]

In 2019, the company was recognized as the "Best Business Support Organization in Canada" at the CanadianSME Awards. [14]

Partnerships and events

YEDI is a general partner of Canadian Venture Capital and Private Equity Association. [15] In March 2016, YEDI partnered with Israeli Ariel University to share its methodology with students through an intensive two-week business acceleration program that was launched for the first time on August 7, 2016. [16] [17] In 2018, Plekhanov Russian University of Economics opened the Joint Department of International Finance and Economics of Small Business Development with YEDI. [18] In 2020, YEDI brought its International Program to Kazakhstan in partnership with Suleyman Demirel University. [19]

Related Research Articles

Schulich School of Business Canadian business school in Toronto

The Schulich School of Business is the business school of York University located in Toronto, Ontario, Canada. The institution provides undergraduate and graduate degree and diploma programs in business administration, finance, accounting, business analytics, public administration and international business as well as a number of PhD and executive programs. Originally known as the Faculty of Administrative Studies (FAS), it was renamed in 1995 after Seymour Schulich, a major benefactor who has donated $15 million to the school. Although the Schulich School of Business is a Faculty of York University, it operates under a separate budget. The Dean of the School, Detlev Zwick, was appointed in 2021 after having served as Interim Dean for 15 months.

Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.

Social entrepreneurship Approach to develop, fund and implement solutions to social, cultural, or environmental issues

Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.

Sean Wise is a Canadian mentor capitalist, international business speaker, business columnist for The Globe and Mail, author, partner at Ryerson Futures Inc, and as a consultant for CBC on the venture reality show Dragons' Den.

Entrepreneurship education seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings.

Business incubators began in the 1950s and took off in the late 1990s as support for startup companies who need advice and venture capital to get their ideas off the ground. As the dot-com bubble burst, many high-tech business incubators did so too. Today, the model of a business incubator is changing. Several of the incubator companies who survived the dot-com bubble switched to a virtual model.

Dylan Jones-Evans

Professor Dylan Jones-Evans OBE PhD FRSA was born in Bangor, Gwynedd and brought up in Pwllheli on the Llyn Peninsula. He is currently Assistant Pro-Vice-Chancellor (Enterprise) and the chair in entrepreneurship at the University of South Wales. He is visiting professor of entrepreneurship at the University of Turku in Finland, newspaper columnist and the creator of the Wales Fast Growth 50, the annual barometer of entrepreneurial firms in Wales.

Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

Aaltoes

Aaltoes, also known as Aalto Entrepreneurship Society, is a non-profit organization run by students, based in Helsinki, Finland. Founded in 2009, Aaltoes has helped the rapid emergence of a startup culture in Finland in 2008-2011.

Dario Mutabdzija

Dario Mutabdzija is an American entrepreneur based in Silicon Valley, who co-founded the seed accelerator project Blueseed. He was previously Director of Legal Strategy at The Seasteading Institute. He is now head of business development at Israeli startup PayKey.

Steve Guengerich

Steve Guengerich is an entrepreneur, educator, and author of several books and numerous articles on information technology.

Bruce Kingma

Bruce Kingma is an American economist and academic entrepreneur, who since 1988 has taught and worked in the United States, Canada, and New Zealand. Kingma is a pioneer in experiential entrepreneurship education and community engagement and his work cover topics ranging from academic entrepreneurship, entrepreneurship and religion, information economics, online education, community engagement, library science, and nonprofit management.

Peter Záboji Hungarian entrepreneur

Peter (Balazs) Záboji was an angel investor and entrepreneur. Much of the Budapest's success as a startup hub has been credited to Peter B. Záboji and his European Entrepreneurship Foundation (EEF). He has contributed significantly to the development of start up businesses in Budapest and received the highest civil recognition from the president of Hungary.

Minister of Small Business Development

The Minister of Small Business Development is a Minister in the Cabinet of South Africa.

Defy Ventures is a United States-based 501(c)(3) nonprofit organization founded in 2010 by Catherine Hoke. The organization's goal is to address the social problems of mass incarceration, recidivism, and related issues by providing well-being, entrepreneurship, employment, and personal development training programs to individuals with criminal histories.

Kerala Startup Mission

Kerala Startup Mission is the central agency of the Government of Kerala for entrepreneurship development and incubation activities in Kerala, India. KSUM was primarily founded to undertake the planning, establishment, and management of the Technology Business Incubator (TBI), a startup accelerator in Kerala, to promote technology-based entrepreneurship activities, and to create the infrastructure and environment required to support high-technology-based businesses.

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech in 15 August 2015.

Technology Hub is a bi-national startup accelerator and business incubator in the El Paso–Juárez area on the border of Mexico and the United States. It was founded in 2015 and is a Mexico National Institute for Entrepreneurship-certified incubator that has developed and housed 100 high-growth technology companies.

Berkeley SkyDeck Startup accelerator and incubator

Berkeley SkyDeck (SkyDeck) is a high-tech entrepreneurship startup accelerator and incubator program at the University of California, Berkeley serving as a joint venture between the Haas School of Business and Berkeley College of Engineering. Founded in 2012, SkyDeck promotes high-tech entrepreneurship in the Silicon Valley.

References

  1. ↑ "York Entrepreneurship Development Institute Accelerator". StartUp HERE Toronto. Retrieved March 17, 2018.
  2. ↑ "TWO YEARS IN, ONTARIO BUSINESS ACCELERATOR SEEN AS A WORLD LEADER". Canadian Jewish News (CJN). November 27, 2015. Retrieved October 11, 2018.
  3. ↑ "About Us". YEDI: York Entrepreneurship Development Institute.
  4. ↑ "Eligibility criteria". YEDI VC Fund. Retrieved October 11, 2018.
  5. ↑ "YEDI Opens Not-for-Profit Applications and Holds Social Media Marketing Workshop Event". StartUp HERE Toronto. Retrieved October 11, 2018.
  6. ↑ "York Entrepreneurship Development Institute launches 80,000 sq ft. Business Acceleration Campus". Cision Canada.
  7. ↑ "Dr. Marat Ressin at pioneersforchange.ca". Archived from the original on August 8, 2016.
  8. ↑ "YEDI president receives Pioneer of Change award". Schulich School of Business York University.
  9. ↑ "YEDI now a designated business incubator for Start-Up Visa Program". Schulich School of Business York University.
  10. ↑ "List of designated organizations – start up visa, Business incubators". Government of Canada's digital presence.
  11. ↑ "Ryerson, U of T, York startup launchpads ranked among top university business incubators, accelerators". CBC/Radio-Canada. February 25, 2018. Retrieved July 5, 2018.
  12. ↑ "Entrepreneurial spirit is thriving at Canada's postsecondary campuses". The Globe and Mail.
  13. ↑ "CANADIAN BUSINESS ACCELERATOR LAUDED AS ONE OF THE BEST IN THE WORLD". Canadian Jewish News.
  14. ↑ "Winners 2019 – CanadianSME National Business Awards" . Retrieved March 29, 2020.
  15. ↑ "Meet Our Members". Canadian Venture Capital and Private Equity Association. pp. search by YEDI keyword.
  16. ↑ "Sharing Innovation: Renowned Canadian accelerator graduates first cohort at Ariel University". The Times of Israel. Retrieved October 11, 2018.
  17. ↑ "Ariel University's Summer Business School (AUSBS) program". Ariel University.
  18. ↑ "Academic Department of Global Finance and Small Business Development by York Entrepreneurship Development Institute (Canada)". Plekhanov Russian University of Economics.
  19. ↑ "YEDI, top ranked university business accelerator from Canada, held intensive business course in Almaty". www.forbes.kz. February 27, 2020. Retrieved March 30, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.