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

For more on key trends impacting Canada's digital media economy, visit