The DMZ at Ryerson University
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| Business incubator | |
| Industry | Experiential Learning |
| Founded | April 7, 2010 |
| Headquarters | Toronto, Ontario, Canada |
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Key people
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Abdullah Snobar, Sheldon Levy, Valerie Fox, Hossein Rahnama |
| Website | dmz |
The DMZ (formerly the Digital Media Zone) is Ryerson University's business incubator for early-stage technology startups. Located at the corner of Yonge and Dundas Streets in Toronto, Ontario, it is the top-ranked university-based business incubator in Canada and #1 in the world. The DMZ is based at Ryerson, but accepts entrepreneurs and innovators from across Toronto, Canada and the world. It aims to help startups succeed by connecting them with customers, advisors, influencers and other entrepreneurs. Members within the DMZ can develop digital technology, accelerate product launches and contribute to Canada's growing success in the digital economy.
In his March 2009 address to the Empire Club of Canada, Former Ryerson University president Sheldon Levy announced his intention to make digital media a top priority for the university and a driver of the university's innovation and city building agendas. On April 7, 2010, the DMZ was instituted.
On December 15, 2010, Ontario Premier Dalton McGuinty toured the DMZ, meeting with ARB Labs, EDGE Lab and Flybits. The premier held his daily media availability session in the DMZ to showcase the success of bringing education and innovation together to create business and jobs.
On January 26, 2011, the Government of Canada officially designated 2011 as the Year of the Entrepreneur at the DMZ. The Honourable Ted Menzies, Minister of State (Finance) and the Honourable Rob Moore, Minister of State (Small Business and Tourism) announced the official designation on the Prime Minister's behalf.
In February 2011, the DMZ expanded to a second level of new workspace within its downtown hub to meet the demand to accommodate more entrepreneurs and startups.
In April 2012, the DMZ expanded to a third level of new workspace. With this addition of 5,300 square feet, creating a total of 16,400 square feet of space for the incubator, the DMZ had almost tripled in size since it opened in 2010.
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