India
7430_inn_ india_research_stock_exchange_br
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© The Conference Board of Canada. All rights reserved. Please contact cboc.ca/ip with questions or concerns about the use of this material.<br />
The Conference Board of Canada<br />
The establishment<br />
of ZSI and<br />
the continuing<br />
relationship<br />
between ZSI and<br />
Ryerson are the<br />
two key processes<br />
that have governed<br />
the partnership.<br />
in such early stages of development. These efforts provide start-ups with<br />
an enhanced acceleration capacity and the right tools to be “born global”<br />
(i.e., to internationalize during the start-up process).<br />
Processes<br />
Two key processes have governed the partnership between the BSE<br />
Institute and Ryerson: the establishment of ZSI and the continuing<br />
relationship between ZSI and Ryerson.<br />
The establishment of ZSI within the Bombay Stock Exchange building<br />
was initiated through a memorandum of understanding (MOU) between<br />
the BSE Institute, Ryerson University, and Ryerson Futures. ZSI was<br />
provided with capacity to get its operations off the ground through the<br />
mentorship of Ryerson’s own pioneers in research commercialization.<br />
The MOU provided the groundwork for a more formal partnership<br />
agreement between ZSI and Ryerson’s DMZ 9 that has enabled lasting<br />
collaboration between the two. Subsequent arrangements between these<br />
two organizations give all of their start-ups access to the organizations’<br />
collective resources, including mentorship capabilities, venture capital,<br />
and incubation space.<br />
Resources<br />
The Canadian High Commission and Consulate General of Canada<br />
in Mumbai were of great help in establishing ZSI and its partnership<br />
with Ryerson. They provided cross-cultural support and made key<br />
introductions that allowed the partnership to progress in its early stages.<br />
Strong networks in both <strong>India</strong> and Canada were identified as important<br />
9 Formerly known as Ryerson’s Digital Media Zone [http:/dmz.ryerson.ca/], the DMZ<br />
is Ryerson’s business incubator. It is one of Canada’s largest business incubators<br />
for emerging tech start-ups, and Canada’s top-ranked university incubator. The DMZ<br />
and Ryerson Futures cooperate closely to provide the university’s start-up facilities<br />
and services.<br />
Find Conference Board research at www.e-library.ca<br />
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