Lazaridis Scale-Up Program
The flagship of the Lazaridis Institute for the Management of Technology Enterprises, based at Canada’s Wilfrid Laurier University. It has been designed to help Canada’s most promising growth-stage tech companies build their businesses to globally competitive size.
Ten companies from across Canada are selected for each 6-month programme; ideally they have been founded within the previous three to five years and have recognised a minimum $1m revenue in the past year. Participants meet one weekend a month in different cities. A significant element of the programme is that CEOs must commit to taking part in each and bringing an additional participant from their companies. The Lazaridis Institute has identified this as a critical success factor; executives who involve their senior leadership team get the most out of the programme.
The programme lays a strong stress on using industry experts to build aware, self-confident leadership. Weekends are facilitated by experts in critical areas such as recruitment, product development and global growth. It culminates in five days of meetings in Silicon Valley.
Cohort companies receive 12 months of support from sector and functional specialists and 120 individual hours with a mentor who has scaled a business internationally and is chosen to meet each company’s current challenges. All companies in the first cohort have reported increased revenues, 80% increased jobs, 90% increased productivity, 90% received external finance, 90% increased exports.
Others can learn from the lessons Lazaridis lays out when creating and developing a scaleup programme. How we also connect peer scaleups with each other on an international basis is a future focus for SUI with its partners.
If you know any national or local scaleup programmes that you want to recommend as a potential case study for the Institute to consider please do get in touch: firstname.lastname@example.org