Overview of CDMN Impact in Fiscal Year 2018

August 2018

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: 26
Total Hub employees: 607
Clients with desk space: 877

Advisory services

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

Clients served: 6,469 (+893 from FY17)
Startup (0–19 employees): 5,727
SME (20–499): 561
Enterprise (500+ employees): 181
Mentors accessible to clients: 382
Total mentor hours: 85,466
73% of hubs launched new programs or services

Program highlight

Client facing: Soft Landing

Soft Landing helps scaling companies access business opportunities outside of Canada Up to $4,000 in reimbursable expenses to offset transportation and accomodation costs.
180 landings, bringing the total number of landings to 670 in 58 countries.

Hub facing: Ecosystem Tour

We bring participating Hubs to innovation ecosystems around the globe to learn first-hand how world leaders deliver value to their client companies.
14 hubs participated in 2 ecosystem tours (NY & SF)

Jobs created by client companies

4,187

Investment attracted by client companies

Total VC investment: $1.4 Billion
Total angel investment: $127.9 Million
Total foreign investment: $56.4 Million
Total clients acquired: 20
Total reported value of acquisitions: $602 Million

Top 3 client pain points:

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

Data Source: CDMN 2018 Hub survey

Canadian Digital Media Network
Government of Canada