The undeniable business case for startups delivering products and services that speak to the millennial consumer segment is getting stronger by the year.
The digital natives and early adopters of the millennial generation are a central focus for many startups that are attracting major interest — and major funding.
Innovation isn’t about having the right “look,” it’s about embracing risk.
Early results from an ongoing survey by MaRS Discovery District and Endeavor Insight show that educational institutions are the strongest connecting hubs in Ontario’s entrepreneurial networks.
Adam Nanjee, Head of Fintech at MaRS Discovery District, explains the key role of the regulatory environment at each stage of a fintech startup’s development.
“Bank encryption will be rendered completely vulnerable when hackers get quantum computing,” one Venture North speaker warned.
While Silicon Valley snaps up Ontario engineering graduates, little money is coming the other way.
The tech giant joins a network of other MaRS FinTech Cluster partners including CIBC, Manulife and payment processor Moneris, in providing startups with support including product feedback and business advisory services.
In order to meet the needs and expectations of a newer generation of customers, fintech companies, banks, and regulators have to collaborate closely.
Pay close attention to financial regulation, otherwise your great product and team can’t approach the marketplace.