Startup Atomwise raises $6 million to leverage artificial intelligence for drug discovery

Atomwise, an alumni startup harnessing artificial intelligence for drug discovery in diseases ranging from malaria to multiple sclerosis, has raised US$6 million in seed funding. The Wall Street Journal reports that investments came from a collection of science-focused venture capital firms, including Data Collective and AME Cloud. Atomwise also recently announced partnerships with industry players including Merck, Notable Labs and Harvard Medical School following participation in the prestigious Silicon Valley accelerator program, Y Combinator.

3 Rotman MBA grads named as Canada’s top female entrepreneurs

For the second consecutive year three graduates of MBA programs at the University of Toronto’s Rotman School of Management have been named to the PROFIT/Chatelaine W100 ranking of Canada’s top female entrepreneurs. Gina Rizhanovsky, President & CEO of PCMusic, an on-demand music, video, and AV provider for businesses reached the top ten in the ranking for the first time. She placed 6th overall, up from 26th last year. She graduated from the Rotman Full Time MBA program in 2006. Ann Kaplan, President & CEO of iFinance Canada, which provides small ticket consumer loans, was 14th, up from 41st last year. She graduated from the Rotman Executive MBA program in 2005. Kim Shannon, President & Chief Investment Officer of Sionna Investment Managers, a value investing firm, placed 37th in this year’s ranking, up from 57th in 2014. She graduated from the Rotman Evening MBA program in 1993.

How to build a startup that succeeds: 6 tips from DemoCamp at U of T’s Creative Destruction Lab

Entrepreneurs, venture capitalists and industry analysts from across the country gathered at the University of Toronto May 12 for the DemoCamp showcase hosted by Creative Destruction Lab. The event highlighted hard-earned insights from investors and entrepreneurs through 30 product demos, 12 startup pitches, insider tips from angel investor Haig Farris, a presentation from innovator Steve Mann, founder discussion panels and interaction with its audience of 500.

ICUBE UTM, on-campus accelerator for student entrepreneurs, officially opens at UTM

I-CUBE-logo-FINAL-01-300px-for-webI-CUBE, a new accelerator designed to help student entrepreneurs take a new product or process to market, opened today at the University of Toronto Mississauga.

The accelerator, housed within the Institute for Management & Innovation (IMI) in the Innovation Complex, was established with $110,000 of U of T’s $3 million in funding from the Government of Ontario through Ontario Centres of Excellence (OCE), a member of Ontario Network of Entrepreneurs (ONE).

“At U of T Mississauga, we are committed to creating a culture of innovation, and I-CUBE offers our student entrepreneurs the chance to brainstorm, develop viable concepts and proceed through the early stages of commercialization,” says Professor Deep Saini, vice-president of U of T and principal of U of T Mississauga. “Our students will benefit from the expertise of faculty, alumni and local industry as they learn life-long skills and develop their potential to be the next global innovation leaders.”

Read full story on I-CUBE website

Meet startup founder Andrew Peek, speaking at tomorrow’s UTSC entrepreneurship expo

Entrepreneur and UTSC alumnus Andrew Peek has already accomplished much in his young career. Along with two other UTSC alumni, Peek co-founded Jet Cooper, one of Canada’s top software design companies. He also founded Pilot, an idea collaboration software company that was acquired along with Jet Cooper by Shopify in 2013.

Peek, who will deliver the keynote address at U of T Scarborough’s upcoming Entrepreneur Expo, spoke with writer Don Campbell about his thoughts on what it means to be a technology entrepreneur and some of the lessons he’s learned along the way.

Read Campbell’s feature on the UTSC news site…

U of T startup Onyx Motion to appear on CBC’s Next Gen Den

The U of T entrepreneurs working to improve your basketball game will soon take their own shot at a big investment: it seems the Onyx Motion team is set to appear on CBC’s Dragon’s Den spin-off, Next Gen Den.

Engineering alumni Marissa Wu and Vivek Kesarwani co-founded Onyx Motion as part of The Next 36. They recently signed on to be one of the latest cohort of UTEST companies, connecting them with funding and support from the software-focused accelerator produced jointly by U of T and MaRS Innovation.

Onyx Motion’s first product, SWISH, enables a user’s Android Wear smart-watch to record basketball shots and offer tips on focus, technique and more. The free app was included in the U of T News roundup of 2014 tech wearables.  It was also profiled in TechVibes.

And now, based on the trailer below, it looks like Onyx Motion is set to make their CBC debut. The Next Gen Den web series premieres Feb. 2, but until then you can read more about the pilot over at Betakit.

Behind the scenes with Creative Destruction Lab alum Bionym: from fledgling startup to MasterCard partnership

When U of T spinoff Bionym announced its landmark partnership with RBC and MasterCard in November, we shared a few of our favourite clippings from all the media attention it gained. (Bionym news roundup: Nymi’s payment pilot with RBC covered by Washington Post, NBC, others)

Now, writer Sophie Milman explains how Bionym developed from fresh startup to major player on the wearable tech scene – with help from U of T’s Creative Destruction Lab. This article appears in the Rotman alumni newsletter.

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Medical device seminar series

This series of workshops is presented by Rotman Centre for Health Sector Strategy in partnership with Rotman’s Health Care Management MBA Association (HMA) and University Health Network (UHN) Techna Institute and Technology Development and Commercialization Office.

  • These workshops will address the key strategic trends in the medical devices industry to aid working professionals as well as entrepreneurs and new entrants to the medical devices arena.
  • Topics and examples will focus on Canadian and global companies. Participation will involve focused pre-readings, together with active engagement in discussions during the sessions.
  • The workshops will be non-credit seminars, open to industry executives, graduate business and medical students. The Rotman Centre for Health Sector Strategy will issue a certificate of completion for attendees who participate and contribute to all four sessions.
  1. Session 1: Tuesday, Jan 20th, 6:30-8:00pm
  2. Session 2: Tuesday, Feb 3rd, 6:30-8:00pm
  3. Session 3: Tuesday, Feb 17th , 6:30-8:00pm
  4. Session 4: Tuesday, Mar 3th, 6:30-8:00pm

All sessions are at the Rotman School of Management, University of Toronto, 105 St. George Street, Classroom 1025 (Lower Level South Building).

TO ATTEND: Pre-registration is mandatory. Visit