Item - 2015.ED3.6
Tracking Status
- City Council adopted this item on May 5, 2015 without amendments.
- This item was considered by Economic Development Committee on April 16, 2015 and was adopted with amendments. It will be considered by City Council on May 5, 2015.
ED3.6 - Startup Toronto Business Incubation Strategy: Establishing Toronto as a Global Startup Community
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on May 5, 6 and 7, 2015, adopted the following:
1. City Council endorse Attachment 1 to the report (March 31, 2015) from the General Manager, Economic Development and Culture, From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto, and direct the General Manager of Economic Development and Culture to report back, as part of the 2016 budget cycle with an implementation plan, including financial impacts.
2. City Council request the Toronto Port Lands Company to provide an additional incubator grant of $500,000 immediately to the Economic Development and Culture Division to support the expansion of the Toronto Food Business Incubator.
3. City Council request the Toronto Port Lands Company to consider providing in its 2016 and future budgets a $500,000 increase to their annual incubator grant to the Economic Development and Culture Division to support the proposed Business Incubator Grant Fund.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78705.pdf
Attachment 1: From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto - Part 1
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78748.pdf
Attachment 1: From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto - Part 2
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78822.pdf
Communications (Committee)
https://www.toronto.ca/legdocs/mmis/2015/ed/comm/communicationfile-52280.pdf
(April 15, 2015) Letter from Vel Omazic, Executive Director, Canada’s Music Incubator at Coalition Music (ED.New.ED3.6.2)
https://www.toronto.ca/legdocs/mmis/2015/ed/comm/communicationfile-52354.pdf
(April 14, 2015) E-mail from Edmund Rek and Dawn Woodward, Owners and Founders of Evelyn's Crackers (ED.New.ED3.6.3)
Communications (City Council)
https://www.toronto.ca/legdocs/mmis/2015/cc/comm/communicationfile-52447.pdf
(April 24, 2015) Letter from Brendan Dellandrea, Director, Marketing and Communications, The DMZ at Ryerson University (CC.Supp.ED3.6.5)
https://www.toronto.ca/legdocs/mmis/2015/cc/comm/communicationfile-52493.pdf
Motions (City Council)
Vote (Adopt Item) May-06-2015 7:51 PM
| Result: Carried | Majority Required - ED3.6 - Adopt the item |
|---|---|
| Total members that voted Yes: 35 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Mary Fragedakis, Mark Grimes, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Michael Thompson, Kristyn Wong-Tam |
| Total members that voted No: 0 | Members that voted No are |
| Total members that were Absent: 10 | Members that were absent are Ana Bailão, Michelle Berardinetti, Gary Crawford, Justin J. Di Ciano, Rob Ford, Chin Lee, Pam McConnell, Joe Mihevc, James Pasternak, John Tory |
ED3.6 - Startup Toronto Business Incubation Strategy: Establishing Toronto as a Global Startup Community
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Economic Development Committee recommends that:
1. City Council endorse Attachment 1 to the report (March 31, 2015) from the General Manager, Economic Development and Culture, From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto, and direct the General Manager of Economic Development and Culture to report back in the 2016 budget cycle with an implementation plan, including financial impacts.
2. City Council request the Toronto Port Lands Company to provide an additional incubator grant of $500,000 immediately to the Economic Development and Culture Division to support the expansion of the Toronto Food Business Incubator.
3. City Council request the Toronto Port Lands Company to consider providing in its 2016 and future budgets a $500,000 increase to their annual incubator grant to the Economic Development and Culture Division to support the proposed Business Incubator Grant Fund.
Origin
Summary
From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto (Attachment 1) sets forth an ambitious vision and strategic framework to enable the sustained growth of small businesses in Toronto, aiming to make Toronto’s startup eco-system the preferred global location to start and grow a business. The purpose of this report is to provide an overview of key components of the Strategy, as well as, some immediate implementation opportunities.
The City of Toronto's Economic Development and Culture division recognizes the need to establish a strong and competitive entrepreneurial environment. The City's Economic Development Strategy, Collaborating for Competitiveness, identifies small business growth as an important strategy for advancing job creation across Toronto's communities and neighbourhoods. The purpose of this Strategy is to identify a vision and collaborative initiatives the City can implement to support the startup eco-system and identify roles for the City in business incubation across Toronto by addressing key sectoral and community economic development gaps. This Strategy will set the course for how Economic Development and Culture engages with partners to build local entrepreneurial capacity, support regional economic development opportunities and catalyze Toronto’s startup eco-system so that it is recognized as a global leader.
Toronto’s startup eco-system has an immense amount of activity already underway and the City is best positioned to place its resources in areas where the most impact can be made. This Strategy identifies collaborative opportunities to strengthen Toronto’s position as a leading startup capital through an actionable approach to leveraging resources that will grow Toronto's diverse economic sectors and entrepreneurial capacity across neighbourhoods.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78705.pdf
Attachment 1: From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto - Part 1
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78748.pdf
Attachment 1: From Concept to Commercialization: A Startup Eco-system Strategy for the City of Toronto - Part 2
https://www.toronto.ca/legdocs/mmis/2015/ed/bgrd/backgroundfile-78822.pdf
Communications
https://www.toronto.ca/legdocs/mmis/2015/ed/comm/communicationfile-52280.pdf
(April 15, 2015) Letter from Vel Omazic, Executive Director, Canada’s Music Incubator at Coalition Music (ED.New.ED3.6.2)
https://www.toronto.ca/legdocs/mmis/2015/ed/comm/communicationfile-52354.pdf
(April 14, 2015) E-mail from Edmund Rek and Dawn Woodward, Owners and Founders of Evelyn's Crackers (ED.New.ED3.6.3)
Speakers
Earl Miller, Director, Global Initiatives, MARS Discovery District
Motions
That Recommendations 2 and 3 be amended to read:
"2. City Council request the Toronto Port Lands Company to provide an additional incubator grant of $500,000 immediately to the Economic Development and Culture Division to support the expansion of the Toronto Food Business Incubator.
3. City Council request the Toronto Port Lands Company to consider providing in its 2016 and future budgets a $500,000 increase to their annual incubator grant to the Economic Development and Culture Division to support the proposed Business Incubator Grant Fund."