The reception wasn’t great on Atlee Clark’s call from San Francisco, but what came through loud and clear was that C100 is more than ever a vibrant part of the Canadian start-up ecosystem.
The executive director of C100 had no trouble getting across the message that the organization for Canadian entrepreneurs in Silicon Valley is shifting emphasis slightly to represent that it’s no longer a fledgling organization. “In the last three years, the focus has been on taking 100 people in the Valley and figuring out who’s best to help certain entrepreneurs,” said Clark in a cellphone-to-cellphone call across a continent. “And of course the events have been vital too. But the next stage is all about celebrating success.”
C100 was formed in 2009 when some Canadians working in Silicon Valley realized that Canadian tech start-ups would benefit greatly if there was an organization to help them find their way in the northern California tech community. They would make introductions, mentor people, and help wherever they could.
Very quickly, the organization developed a structure with about 100 charter members and an executive director. And its semi-annual 48 Hours in the Valley attracted 20 companies at a time to give them a crash course in how the Valley works. It has benefited such Atlantic Canadian companies as SimplyCast, Ooka Island, and LiveLenz, among others.
Forty companies a year have gone through the program since 2010, and together they have raised $577 million in venture capital. One of the great benefits of C100 is that it has spurred the creation of other programs that bring Canadian start-ups to the U.S., including the Canadian Tech Accelerator programs and now Canadian Entrepreneurs in New England (CENE), which launched in Halifax last month.
Though CENE may develop strong links with Atlantic Canada because of geographic proximity, C100 is still in Silicon Valley—and there’s only one Silicon Valley. It will continue to be a draw for the region’s tech companies because they can find mentorship in the Valley that is unavailable anywhere else. “We live in a world that is increasingly global, but Silicon Valley remains the home to the biggest technology companies in the world,” said Clark.
As well as drawing companies to Silicon Valley, C100 is working more on Canadian events and has been a sponsor of the Grow Conference in Vancouver each summer. And it’s broadcasting just how successful Canadian start-ups have become to enhance the understanding in the U.S. of what’s happening in Canada.
In May C100 produced its Canadian Technology Success map, which displays the vibrancy of the tech segment in this country. Garnished handsomely with drawings of Parliament Hill, a moose, and a beaver, the map shows where tech success has been happening. It also includes graphics that show, for example, that Canada was exceeded only by the U.K. last year in the acquisitions of tech companies outside the U.S. (Canada had 100 such deals compared with 157 in the U.K. and 53 in India.)
Here’s one interesting thing about the map: Atlantic Canada is on it. The map features the exits of Radian6, Q1 Labs, GoInstant, and WhiteHill Technologies, as well as such going concerns as Clarity, Verafin, and Titanfile.
The map shows far greater activity in Atlantic Canada than in Manitoba and Saskatchewan, whose economies overall are healthier than those on the East Coast. The buzz about Atlantic Canadian start-ups and the lure of Silicon Valley will ensure that C100 will link the two for some time to come.