Overview of CDMN Impact in Fiscal Year 2020

JJanuary 2020

About CDMN

The Canadian Digital Media Network (CDMN), is a network of regional innovation hubs across Canada, all focused on supporting Canada's digital entrepreneurs. Designated a federal Centre of Excellence in Commercialization and Research (CECR), CDMN is dedicated to establishing Canada as a world leader in the digital economy.

The hubs

Number of hubs: 28
Total hub employees: 743
Clients with desk space: 1,004

Advisory services

CDMN Hubs provide a variety of assistance to companies, customized to different stages of growth and local ecosystems.

Clients served: 6,085
Startup: (0–19 employees): 4,758
SMEs (20–499 employees): 1,120
Enterprise (500+ employees): 207
Number of new startups created across the network: 2,573
Mentors accessible to clients: 587
Total mentor hours: 86,828

Program highlights

Client Facing: Soft Landing

Soft Landing helps scaling companies access bussiness opportunities outside of Canada. Up to $4,000 in reimbursable expenses to offset transportation and accomodation costs.
166 landings, bringing the total up to 1,001 landings in 63 countries.

Hub Facing: Hub Meeting

Bi-annual hub meetings are an opportunity for network members to share best-practices, learn from their peers, and explore new ways to support company growth.
83 hub staff participated in two hub meetings where they shared best practices, networked and created new partnerships.

70% of Hub launched new programs or services
61% of Hubs collaborated to deliver programs or services

Client company outcomes

Total VC investment: $1.6 Billion
Total angel investment: $189.6 Million
Total foreign investment: $211.4 Million
Total clients acquired: 28
Total value of acquisition disclosed: $8.1 Million
JJobs created by client companies: 24,259

Top 3 client pain points

Financing, funding and captial
Talent acquisition and retention
International sales and market expansion

Data source: CDMN 2020 Hub Survey