Many startup incubators that exist today still take a ‘one-size-fits-all’ approach when providing support to startups, meaning founders receive the same programming and services across the board.
At the DMZ, we know how important specialized support is when creating a business; strong foundations are key to building pathways to success. Each startup has a unique set of challenges, and our new model takes a personal approach to support, focusing on one-on-one mentorship to help overcome them.
With a rising demand for early-stage startup support at the onset of the pandemic and a lack of resources and programming available, the DMZ knew it was time to refocus efforts and fill a pivotal gap for founders in the ecosystem.
The DMZ’s new Incubator model has evolved to take a more customized, hands-on approach in an 18-month program to help founders obtain market validation and gain traction.
So what exactly is different about the DMZ’s new Incubator model? Let’s dive into it, shall we?
Beyond the Incubator program revamp, the DMZ has also launched other programs over the last year, including its Bootcamp, to support founders who aren’t eligible for the Incubator yet.
The DMZ’s vision is to support the full entrepreneurial journey of an early-stage founder: from personal founder development, to business ideation, product development, sales growth, and scaling.
The DMZ recognizes that underrepresented founders face various barriers when it comes to starting and growing a business, including being subject to systemic racism and inequities that have only been heightened by the pandemic.
To help create a more equitable and inclusive startup ecosystem, the DMZ has also expanded its programming for Black and women founders, equipping them with an additional stream of tailored resources they can tap into.
Startups with at least one founder who self-identifies as either Black or a woman will have additional peer-to-peer support, intros to funders dedicated to Black and women-led ventures, partnership and pilot opportunities, marketing and PR opportunities, special resources, events and more.
“We have seen tremendous growth in our company and in our ability as a team to execute and strategize — the support has been fantastic. The Entrepreneurs in Residence (EIRs) that we have worked with are literally extensions to our team. The other companies in the cohort have been supportive and transparent in sharing their experiences with us, sharing great resources that can benefit everyone.” – Ayodele Pompey, CTO and Co-Founder of SmartTerm
“Many of the same problems exist for all startups, and by working alongside experienced mentors who have walked the same path, you can accelerate and understand the challenges at hand with greater clarity. The DMZ is truly a fast track to growing your startup.” – Sarah Rennick, Founder of Alli
“The DMZ is truly a fast track to growing your startup.” – Sarah Rennick, Founder of Alli
“Being in the DMZ incubator program is like having a GPS for your startup journey, and the Black Innovation Program is the ‘Iron Man’ to DMZ’s ‘Avengers.
By itself, the BIP program is a fantastic offering. When you combine it with the DMZ Incubator program, it extends the level of support available to someone like myself as a founder of colour. The last 12 months have brought renewed acknowledgement of social issues facing the Black community, which the tech industry is guilty of as well. But rather than looking back, the DMZ is building a tech ecosystem where Black founders are well represented and can access the resources they need to build great products and companies.” – Baba Ajayi, Founder of Andie
“Being in the DMZ incubator program is like having a GPS for your startup journey.” – Baba Ajayi, Founder of Andie
“As a part of the Incubator, we have a customized plan that was created for us to grow and dedicated mentors to work with. The DMZ’s focus since day one has been on practicality, providing us with real tangible support to grow and succeed.” – Zach Sheng, Co-Founder of Charmy Pet
Community: The DMZ allows founders to tap into an unmatched local and global community. Founders will build relationships, grow their professional network and connect with like-minded peers.
Coaching: Startups have access to years of experience in the industry with more than 20 of the DMZ’s Entrepreneurs-in-Residence, specializing in sales, marketing, product, leadership, technology, operations and more.
Customers: The DMZ helps founders power their sales engine, connect with the right customers and fast-track growth. Startups will learn how to drive customer acquisitions.
Capital: Founders will learn how to create fundraising strategies, develop data rooms, get pitching practice and receive valuable introductions to investors.
The DMZ is looking for promising and high-impact tech entrepreneurs who are ready to take their startups to new heights.
Do you have:
Head over to dmz.to/incubatornews to apply for our next Incubator cohort, kicking off this September. Applications are open until July 31, 2021.
Not quite ready for our Incubator yet? Check out our pre-Incubator program, Bootcamp.
Make sure to follow us on Instagram @RyersonDMZ to catch our alumni success stories all summer long.