media release

SFU furthers relationship with Bombay Stock Exchange Institute

October 16, 2014
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Contact:
Marianne Meadahl, University Communications, 778.782.9017; 604.209.5770; Marianne_Meadahl@sfu.ca

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Partnership with BSEI, Ryerson to advance development of innovative technologies in Canada and India

A partnership between Simon Fraser University, Ryerson University and the Bombay Stock Exchange Institute (BSEI) was formalized with the signing of a Memorandum of Understanding in Mumbai today. The signing took place following a visit to the Bombay Stock Exchange by B.C. Premier Christy Clark.

The BSEI-Ryerson-SFU Accelerator Program India was announced in January 2014 with the signing of a Letter of Intent. The Mumbai-based digital technology incubator/accelerator, Zone Startups India will help entrepreneurs in both India and Canada fast track their start-ups and connect with mentors, customers and investors.

 “This international incubator/accelerator program is a first of its kind,” said SFU President Andrew Petter, who is in Mumbai as part of the B.C. Premier’s mission to India. “It’s a ground-breaking collaboration that builds on SFU’s already strong relationships in India, and will advance our commitment to innovation nationally and globally.”

Zone Startups India includes the BSEI, Ryerson Futures Inc. and SF Univentures as partners, and will involve collaboration on several fronts, including accelerating the development and commercialization of innovative research and new technologies in India and Canada. New global opportunities for SF Univentures and other SFU initiatives will come through the support of student mobility programs as well as accelerator and angel funding projects. SFU student entrepreneurs will benefit from the international incubator program through support for start-up and spinout companies. 

“SFU is a leader in supporting innovation through training and mentorship programs that assist students in developing business skills and new ventures,” says SFU Vice President Research Joy Johnson.

"This partnership will increase opportunities for our student entrepreneurs to engage with global markets. It is also an important step in strengthening SFU's innovation agenda by enabling the sharing of best practices between the partners.”

As Canada's “engaged university,” SFU is defined by its dynamic integration of innovative education, cutting-edge research and far-reaching community engagement.  SFU was founded almost 50 years ago with a mission to be a different kind of university—to bring an interdisciplinary approach to learning, embrace bold initiatives, and engage with communities near and far. Today, SFU is a leader amongst Canada's comprehensive research universities and is ranked one of the top universities in the world under 50 years of age. With campuses in British Columbia's three largest cities—Vancouver, Surrey and Burnaby—SFU has eight faculties, delivers almost 150 programs to over 30,000 students, and boasts more than 130,000 alumni in 130 countries around the world.

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

Read more about SFU's Indian engagement in President Petter's blog post.

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