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in Canada for entrepreneurs – PitchBook 2025
Canada’s most powerful engine for startup success
With over 1,500 venture-backed companies, the University of Toronto entrepreneurship ecosystem is leading breakthroughs in biotech, shaping the future with AI and creating solutions for a changing climate. At U of T, we turn bold ideas into global ventures and connect investors to Canada’s emerging market leaders.
top
5
in the world for university startup incubators
1500
+
venture-backed companies created
20
K+
jobs created
Get the inside track on investment-ready startups
Six U of T startups advancing innovation and strengthening Canada’s economy.
Fuelled by research and determination, these U of T companies are creating jobs across the country and tackling global challenges. They’re rethinking how we power, heal, connect and sustain the world.
This tech startup harnesses quantum chemistry to accelerate water purification breakthroughs.
After witnessing the impacts of water pollution during a trip to Mumbai at 14, Diana Virgovicova decided to dedicate her life to finding a solution. She immediately began teaching herself quantum chemistry and, at 17, modelled a molecule that can eliminate pollutants from water when exposed to sunlight.
This biotech startup is revolutionizing drug delivery to enhance treatment precision and recovery.
AmacaThera offers an injectable hydrogel that delivers non-opioid painkillers precisely where needed, potentially transforming post-surgery care. AmacaThera has raised over USD $15M and has partnered with a leading global pharmaceutical company to produce a long-acting biologic drug.
This AI startup is transforming customer engagement through intelligent, automated interactions.
Serial entrepreneur and Ada Co-founder Mike Murchison couldn’t keep up with customer service volumes for his previous company. Wanting to make customer service more efficient for enterprises, he and David Hariri launched Ada, an AI platform now valued at over US $1.2B.
This cleantech startup replaces plastics with plant-based alternatives built for a circular economy.
erthos is tackling the global plastic pollution crisis by developing high-performance biobased plastic alternatives. What started as a research project is now a fast-growing company that has raised USD $12M and secured partnerships with global giants.
This cleantech startup powers communities with portable and affordable solar energy anywhere.
Reeddi manufactures portable and rechargeable batteries powered by solar charging stations to support individuals living in areas with unreliable energy infrastructure. Founded by Olugbenga Olubanjo, Reeddi now powers more than 3,000 households and businesses in Nigeria with clean electricity.
This health tech startup is equipping pharmacies with smarter tools to deliver personalized care at scale.
MedEssist, a fast-growing health tech startup that provides a digital platform to help pharmacies grow and support their patient relationships, came together when two University of Toronto alumni met through mutual friends.
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