Ryerson University and the DMZ, the top-ranked university-based incubator in North America, have signed a Memorandum of Understanding with ProMexico and LatAm Startups.
The signing comes off the heels of President of Mexico, Enrique Peña Nieto’s visit to Ottawa for the North American Leaders’ Summit, which focused on creating a more integrated and globally competitive North American economy. The MoU will provide a framework to coordinate joint entrepreneurship programs supporting innovators developing invaluable insights and relationships abroad.
“This partnership creates an opportunity for joint ventures aimed at maximizing the impact of international opportunities for entrepreneurs and broadening innovation globally,” said Mohamed Lachemi, President and Vice-Chancellor of Ryerson University.
One of the possible initiatives to be delivered in collaboration with ProMexico and LatAm Startups is an exchange program providing the opportunity for tech entrepreneurs from each location to spend two weeks in the sister incubation centre.
“The importance of providing a global network for high-potential startups to scale internationally is immeasurable,” says Francisco N. González Díaz, CEO of ProMexico. “Entrepreneurs from both countries should be given the opportunity to connect with like-minded talent abroad and leverage the wealth of opportunities in a thriving foreign market.”
The DMZ has created links to top-tier incubators and accelerators around the world by hosting international entrepreneurs from the United Kingdom, South Africa, India, Israel and more.
“It is essential to develop strategic partnerships that create soft landings for promising startups and SMEs in global markets,” says Abdullah Snobar, Executive Director at the DMZ.
The MoU with ProMexico and LatAm Startups contributes to the DMZ’s mission to provide entrepreneurs ‘borderless innovation’ by connecting them with mentors, investors and customers internationally.