ecosystem
key concepts
main understands how complex it can be to navigate the business support ecosystem and understand certain terms.
For this reason, we've included definitions of frequently used business terms throughout the site.
here, main shares some useful concepts to help you on your entrepreneurial journey.
accelerator
accelerator offers start-ups access to a variety of resources, including mentoring, workspace and investment opportunities.
AIE
abbreviation - accelerator and business incubator.
Performance Measurement Framework (PMF)
The IEA PMF is an annual survey co-developed by Innovation, Science and Economic Development Canada (ISDE) and Canada's leading IEAs. This voluntary initiative enables organizations to benchmark their performance with a view to improvement.
Venture Capital
form of financing provided by established investors in exchange for an equity stake in a start-up company
startup ecosystem
a geographically anchored network of individuals, organizations and other stakeholders dedicated to supporting startups.
startup community
a geographically anchored network of individuals, organizations and other stakeholders dedicated to supporting startups.
industrial cluster
geographic concentrations of companies and institutions that collaborate in the development of a specific industry sector, such as telecommunications, life sciences or nanotechnology.
incubator
The incubator offers training in entrepreneurship, financial management and marketing.
saas
short for software as a service. commercial distribution model in which software is installed on remote servers rather than on the user's machine.
Startup
company founded less than 5 years ago, whose digital technology and innovation are at the heart of a business model with high growth potential.
Financing round
refers both to the process of financing a company and to each stage of this process, for example, calls for funds and rounds of financing from investors.
Pre-seed
the phase when a person has an idea for a start-up. he then goes to his family or an "angel" to ask for money in exchange for part of what the company could become in the future. this first sum, which can often reach between $50,000 and $200,000, is used to build a prototype.
Seed
the phase when a person has an idea for a start-up. he then goes to his family or an "angel" to ask for money in exchange for part of what the company could become in the future. this first sum, which can often reach between $50,000 and $200,000, is used to build a prototype.
Pre-series A
This is the point at which the product or solution is actually built, and the round will be used to improve it. Often, we try to raise between $450,000 and $1.5 or $2 million.
Series A
This is the point at which the product or solution is actually built, and the round will be used to improve it. Often, we try to raise between $450,000 and $1.5 or $2 million.
KPI
A KPI (short for Key Performance Indicator) is a measurable, quantifiable performance indicator used to track progress towards a specific goal or objective.