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The Review

DMZ’s Year in review: Coffee, capital and community

Growth

Tag Archives: social impact

DMZ’s Year in review: Coffee, capital and community

The stats are in! Let’s take a look at our feats this past year.

After an eventful 2022, the DMZ is taking a step back to appreciate all we’ve accomplished this year alongside our community and supporters — from onboarding startups to launching new programming and international expansion.

Scroll and reminisce with us!
Note: These are stats as of November 1, 2022.

Our coffee machine is one of the most popular amenities at the DMZ! It’s clearly a community favourite, with an estimated 10,438 coffees made in 2022.

Up, up, up, and away — startup fundraising numbers surged to a whopping $258,672,261 this year!


That’s right — six DMZ companies were acquired in 2022 (Sensibill, Gridcure, GrowthGenuis, InkBox, Fortuna, OnCall), and three acquisitions were made by DMZ companies: Singlekey acquired Naborly, Manzil acquired Muslim Will, and Daylight Automation (formerly known as FormHero) acquired Proof Data Technology.

Start spreading the news! In October 2022, The DMZ re-opened in New York City — a tech ecosystem valued at $147 billion — to continue empowering the next generation of global startups.

Let’s network! In 2022, the DMZ brought together over 1500 attendees in 40+ events in the tech ecosystem.

Our community had a ton of media traction over the past year. The DMZ had 2.39K+ features in the media, and our DMZ startups had an enormous media presence with 36k+ highlights.

Startups come and go at the DMZ, but they always leave an imprint in our community. This year, 357 startups graduated from DMZ programs, including Startup Certified (38 students), Basecamp (22 companies), NEP (27 companies), Launchpad (86 students), Incubator (8 companies), AMEX Blueprint (100 companies), Bootcamp (45 companies) and BIP Connections (31 companies).

The DMZ stays busy! This year, we ran programming for multiple existing programs: BIP Social Impact Stream fuelled by Unilever Canada, Black Innovation Connections with Dream Legacy Foundation, Launchpad for Entrepreneurs powered by Desjardins and AMEX Blueprint powered by the DMZ.

In addition, we housed the launch of the Newcomer Entrepreneurship Program (NEP) — a virtual ideation program sponsored by the Future Skills Centre and media sponsored by Canadian Business that helps Canadian newcomers develop startup fundamentals. We also partnered with Toronto-based venture capital firm GroundBreak Ventures to launch our PropTech stream as part of our incubator program to help high-potential PropTech startups transform the real estate landscape.

There’s a reason we’re known as a world-leading tech incubator. This year we received over 812 global applications. We’ve still got it.

What a year! Want to take part in 2023’s stats? Discover the DMZ and our programming here. Don’t forget to sign up for our newsletter to get the latest tech news, updates, and special offers.

It’s time to elevate your social (impact) game

On Wednesdays, we startup.

To celebrate our women-identifying founders, we’ve put together ‘On Wednesdays, we startup’, a blog series dedicated to positioning women founders centre stage to acknowledge their work, complexities and wins!

We hope to push women-founder stories forward and share lessons learned and insights for other aspiring women entrepreneurs.

For this week’s feature, we handed the reins to Kelly Emery, the Founder of Troop and expert in startup development, to speak to social impact and what startups can do to not only add it to their business models but also elevate their social impact game.

Guest blog: By Kelly Emery, Founder of Troop

When a company helps the community they work in, people take notice. From clients to customers and current employees to prospective talent, social impact initiatives make people feel good about being a part of an organization that does good.

It gives people that warm and fuzzy feeling.

I’m not going to BS you — when times are good, it’s easy to give back and when times are difficult, it’s not. However, when times are tough social impact initiatives are needed most and your employees and customers take notice of how your organization responds to pressing needs in society.

Turn towards social impact initiatives, not away

No doubt, you’ve heard the saying, ‘when the going gets tough, the tough get going.’ During uncertain times, companies that choose to step up to help are the ones that are set apart. Businesses that engage in social impact initiatives are the type of purpose-driven organizations employees and customers want to align with, especially as we live in a post-pandemic world.

Oodles of research has been done on the topic and I’ve highlighted some in the Troop Guide to Social Impact. For example, studies have shown: 

  • Purpose-driven companies have 40% higher levels of talent retention than their competitors.
  • 88% of employees say their job is more fulfilling when they can make a positive impact on social and environmental issues.
  • 66% of consumers would switch from a product they normally buy to a similar one by a purpose-driven company.

All this is to say — now is the time to ignite a social impact program, if your company doesn’t already have one, or double down on any current ones.

Make a greater impact with social impact

Amp up your organization’s impact by engaging your employees in new and interactive ways. Did you know that:

  •  78% of employees would work for a business if it sought their input into the charitable causes it supports
  • 80% of employees are likely to provide input into the organizations a business donates to if given the opportunity

Employees want to do good at work, and for SMBs looking to make this happen, it’s not always easy to know where to start. Enter Troop.

Troop is a technology-based solution that brings together businesses and their staff with local charities and non-profits. It gives your team a voice in how your company can best help your community with a plug-and-play solution that’s easy to implement and requires minimal ongoing management. 

So how does it work?

Each month your employees receive a curated list of vetted needs in the community and will pick the one that resonates with them most. Based on votes, Troop fulfills the selected need and provides a follow-up so they can see and feel the difference being made in the lives of the people they’ve helped.

Ready to elevate your social impact and do good with Troop? Download our Ultimate Guide to Social Impact, visit the Troop website, or connect with me via LinkedIn for more information.