media release

Governor General opens Ryerson/SFU-led accelerator in India

February 28, 2014
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Contact:
Melanie Monk, VP Research communications, melaniem@sfu.ca
Marianne Meadahl, PAMR, 778.782.9017; Marianne_Meadahl@sfu.ca

Canada’s governor general has officially opened the first Canadian-led accelerator in India, a joint venture between the Bombay Stock Exchange Institute Ltd., Ryerson University, Ryerson Futures Inc., and Simon Fraser University.

The Right Hon. David Johnston and his wife Sharon were in Mumbai for the official opening as part of his official visit to India.

The accelerator will enable entrepreneurs to fast track their startups and connect with mentors, customers and investors. It lays the groundwork to help young entrepreneurs expand in both the Indian and Canadian markets and provides support and resources for entrepreneurship and professional development education.

 “We are honoured to welcome the Governor General of Canada to the BIL-Ryerson DMZ India, and proud to grow our partnership with India and our colleagues from Simon Fraser University in the service of the global economy,” said Sheldon Levy, president of Ryerson University.

Said Vice-President, Research Mario Pinto, attending the ceremony: "Research and innovation are global endeavours and it makes perfect sense that we combine the talents of students from different countries to exploit synergies.

“This initiative represents internationalization of SFU's Venture Connection and Ryerson's DMZ initiatives. The partnership with BSEI is an example of our model for developing the innovation ecosystem."

The partnership exemplifies how SFU is advancing its activities in India with university and industry partners, said SFU President Andrew Petter.

“We are excited to partner in this ground-breaking initiative which will benefit young entrepreneurs and their innovations in both Canada and India,” said Petter. “Supporting student entrepreneurship is an important part of our commitment to being Canada’s engaged university. This unique partnership with the BSEI and Ryerson University will help us extend that commitment both nationally and internationally.”

Simon Fraser University is consistently ranked among Canada's top comprehensive universities and is one of the top 50 universities in the world under 50 years old. With campuses in Vancouver, Burnaby and Surrey, B.C., SFU engages actively with the community in its research and teaching, delivers almost 150 programs to more than 30,000 students, and has more than 125,000 alumni in 130 countries.

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Simon Fraser University: Engaging Students. Engaging Research. Engaging Communities.

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