Overview of CDMN Impact in Fiscal Year 2019

August 2019

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: 29
Total Hub employees: 649
Clients with desk space: 1,105

Advisory services

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

Clients served: 5,645
Startup (0–19 employees): 4,612
SME (20–499): 797
Enterprise (500+ employees): 236
Number of new startups created across the network: 2,223
Mentors accessible to clients: 337
Total mentor hours: 82,220

Program highlights

Client facing: Soft Landing

Soft Landing helps scaling companies access business opportunities outside of Canada. Up to $4,000 in reimbursable expenses to offset transporation and accommodation costs.
188 landings, bringing the total up to 754 landings 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.
78 hub staff participated in two hub meetings where they shared best practices, networked and created new partnerships.

72% of Hubs launched new programs or services.
60% of Hubs collaborating to deliver programs or services.

Client company outcomes

Total VC investment: $1.5 Billion
Total angel investment: $183.5 Million
Total foreign investment: $280.7 Million
Total clients acquired: 27
Total reported value of acquisition: $448.4 Million
JJobs created by client companies: 9,570

Top 3 client pain points

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

Data source: CDMN 2019 Hub Survey