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Struggling to scale? Here’s how DMZ’s EiRs give founders capacity to strategize and grow.

Monthly Archives: February 2025

Struggling to scale? Here’s how DMZ’s EiRs give founders capacity to strategize and grow.

For founders, scaling a startup can feel like juggling while riding a unicycle. There’s never enough time, bandwidth or expertise to tackle everything that needs to get done. But yet, the clock is always ticking. At DMZ, we know this struggle all too well. That’s why our Experts-in-Residence (EiRs) are one of the most valuable resources we offer to founders.

These hand-selected mentors are professionals with expertise in sales, revenue growth, product design, pitch coaching, marketing, HR and much more. They don’t just provide advice, they provide boots on the ground support to founders, helping them execute the strategies needed to grow.

Here’s how EiRs provide hands-on support to help DMZ founders scale, plus tips on how to make the most of fractional expertise.

Elevating your brand for global success.

Flowjin, an AI video repurposing tool, started its brand transformation from a product strategy session led by DMZ’s Product Design EiR, Jenn Nguyen. Jenn uncovered that branding was a key barrier to resonating with their target audience and competing globally. 

The solution was a rebrand aligned with Flowjin’s shift from Gen Z content creators to B2B marketing teams. And the result? A modernized logo, inviting colours and fonts, messaging centered on their value proposition “Content that converts,” and visual design updates for the product. “As we shifted our focus to a B2B audience, we needed a brand identity that reflected a more modern, corporate vibe,” said Sheida Mirjahani, Co-Founder and COO of Flowjin.

Before:                                                                      After:

With DMZ’s support offsetting costs exceeding $10K, Flowjin is now measuring the impact of these changes. “We expect these changes to drive stronger engagement and conversion among B2B clients,” Mirjahani added.

Strengthening financial foundations. 

Financial clarity is key to making confident, strategic decisions for any startup, which is why financial modelling is such an important pillar. Syzl was able to connect with EiR Irene Lee for hands-on guidance to help Syzl build a clear, data-driven financial framework. She worked closely with the team to refine revenue projections, optimize cost structures and develop a scalable financial strategy. The outcome? Syzl can make informed decisions that drive long-term success.

“We were having trouble packaging the complexity for our stakeholders and investors who were having trouble making it past our data room, ” said Adrian Savin, Co-Founder of Syzl. “Irene’s support has helped us to move 10X investors through our due diligence pipeline to a point where they’re confident with our business model in a fraction of the time. She’s fantastic at harnessing the investor perspective and challenging us to tell the right story using historic performance and forward looking projections.”

Perfecting your pitch.

Known as Canada’s best pitch coach, DMZ EiR Frank Erschen has reviewed 7,000+ pitches to help founders tell their stories with clarity. When Handy.AI Co-Founder Iryna Andriushchenko prepared to pitch at DMZ’s Women Innovation Summit in 2024, she faced the added challenge of presenting in a new language after leaving Ukraine and relocating her business to Canada.

“Thanks to Frank, I walked onto the stage prepared and empowered. He helped me refine my story—making it clear, structured and impactful. Beyond pitching he guided me through a clean-up process: identifying inconsistencies, simplifying complex ideas and ensuring every element—from our slogan to our competitor analysis—was understandable,” said Iryna Andriushchenko, Co-Founder of Handy.AI.

“Frank not only shaped our pitch but taught me a structured methodology: how to test my messaging for clarity, ask the right investor-style questions and evaluate whether our business model, competitive positioning and value proposition were truly compelling. His coaching didn’t just prepare me to pitch—it gave me a skill I’ll carry with me for every opportunity ahead.”

How to maximize fractional support as a founder. 

Fractional support, whether it’s through an EiR at DMZ or another mentor, gives you specialized expertise without the full-time cost. Mastering how to maximize fractional support is crucial, so we’ve outlined our top tips for how to get the most out of it. 

  • Identify your priorities. Before meeting with fractional support, outline your top challenges. Are you struggling with customer acquisition? Does your product need refining? Be clear about where you need the most help.
  • Set clear goals. Define specific, actionable goals for each session. For example, “Create a pitch deck that secures investor meetings” or “Design a customer feedback loop to improve retention.”
  • Be open to feedback. Fractional support is designed to guide you, but that means being open to tough love and critiques. They’re not your cheerleaders. They’re accountability partners who will push you to deliver on your vision.

Ready to take your startup to the next level? Discover how DMZ’s EiRs and Incubator program can help you scale smarter. Head to dmz.to/incubator

Sports technology gets a power play: DMZ and FSL ramp up partnership

Sports technology is transforming the way we engage with the games we love. 

From apps that offer exclusive content to VR that puts you in the middle of the action, innovation is redefining the sports experience. And it’s not just deepening fan engagement – it’s also opening up new doors for athletes. Wearable tech is helping athletes track recovery and optimize performance, while other tools are leveraging performance analytics to reshape how coaches train their teams.

Across the board, sports tech is creating opportunities far beyond the playing field and the potential is massive. In fact, Canada’s sports tech market is projected to generate $1.44 billion in revenue by 2030. 

With the sports tech industry booming, innovative founders are eager to make their mark. To meet this growing demand, we’re building on our partnership with the Future of Sport Lab (FSL). Our goal? To provide sports entrepreneurs with the expertise, resources and opportunities to succeed in this fast-evolving market.

FSL: The ultimate launchpad for sports founders.

Since launching its incubator program in 2015 with help from DMZ, FSL has become the go-to destination for sports startups. Led by its Founder and Managing Director, Dr. Cheri Bradish, FSL offers mentorship from industry leaders, academics and investors from the Canadian sports ecosystem.

To date, FSL has supported 24 startups that have collectively raised over $100 million in funding. But don’t just take it from us.

“FSL played an instrumental role in supporting The GIST’s early-stage growth by providing us with education and access to a network of Canadian industry leaders. Their forward-thinking approach helped us identify key opportunities to expand our reach and refine our brand strategy, said Ellen Hyslop, Co-Founder of the GIST. “Their support validated The GIST’s credibility in the market and played a key role in our acceptance into the Techstars Comcast NBCU accelerator in Philadelphia, enabling us to expand our operations in the U.S.”

 

“Working with FSL has been truly impactful for our business. It’s the place to be for anyone in sports products or tech in Canada. Throughout programming, I had access to impactful programming and the opportunity to develop and pitch my business to the top leaders in Canadian sports,” said Tina Singh, Founder of Bold Helmets. “Through the contacts made in the program, I know I have the resources I need to continue to expand my product line. I am grateful to be part of the FSL family, and can’t wait to see what amazing things the next cohort achieves.”

How DMZ and FSL will fuel your sports-tech journey.

We’re doubling down on the resources and opportunities that matter most to founders. Here’s what’s coming to give sports-tech founders an even bigger edge:

Elite network: A curated community of top-tier sports-tech innovators. Our rigorous selection process ensures you’ll be surrounded by the best, gaining credibility to attract investors and partners while learning alongside peers who are redefining the game.

Best-in-class coaching: Hands-on mentorship tailored to the unique challenges of the sports-tech space. Our experts are here to coach you through every play, helping you overcome obstacles and scale your business.

Resources to win: Industry-leading mentors, workshops, coworking spaces and connections to industry leading partners like MLSE and Canadian Tire Jumpstart so you can focus on building your startup.

Bigger stages, louder voices: Showcase your startup on major stages like the FSL Summit, Toronto Tech Week and other industry pitch competitions. 

More women, more wins: More opportunities for women-led startups to make their mark in sports tech.

Fuel for growth: With DMZ Ventures’ fund and Relay Ventures in play, startups will have opportunities for investment to grow and scale.

Ready to take your sports-tech startup to the next level?

Canada’s sports-tech scene is booming, and the opportunities to grow are bigger than ever. As Canada’s only program dedicated exclusively to sports innovation, FSL – backed by DMZ – offers unmatched support to help founders scale.

Applications are now open for our 2025 cohort. Don’t miss out on your chance to shape the future of sports innovation. Applications close March 12, 2025. Interested in applying? Visit futuresportlab.com/apply

Empowering the next generation of women innovators

Women entrepreneurs are driving innovation, breaking barriers, and shaping the future of business. DMZ’s Women Innovation Summit is dedicated to celebrating and empowering these trailblazers by providing them with the platform, resources, and funding opportunities to thrive.

This year’s Summit will feature thought-provoking roundtables, the Women Innovation Pitch Competition, where women-led startups will compete for funding, and the recognition of DMZ’s Women of the Year award recipients.

Bringing this vision to life takes a strong community. That’s why we’ve brought together a Steering Committee of industry leaders, executives, and corporate partners. Their role is to ensure the Summit reflects the diverse voices and experiences of women in innovation while upholding an equitable and inclusive review process.

Before the Summit kicks off, we want to recognize the incredible individuals shaping this year’s event.

Meet DMZ’s 2025 Women Innovation Summit Steering Committee:

 

Janet Lin, Vice President, EQ Bank

headshot image of Janet LinA seasoned technology strategist, Janet Lin is passionate about innovation, digital transformation, and fostering diversity and inclusion in the tech and finance space. As a leader at EQ Bank, she champions initiatives that empower women entrepreneurs—not just at the Women Innovation Summit but year-round. EQ Bank’s commitment extends to supporting young women founders through DMZ’s Basecamp program, reinforcing their dedication to creating opportunities and celebrating the achievements of women in business. “As a Steering Committee member for the 2025 DMZ Women Innovation Summit, I am thrilled to help create an empowering space that recognizes the trailblazing women at the forefront of Canada’s innovation economy. Guided by the #InspireInclusion theme, our goal is to ensure the Summit embodies the inclusion and brilliance of women driving meaningful impacts in tech and innovation.”

 

Moshe Mikanovsky, Product Director, RootQuotient

headshot image of Moshe MikanovskyReturning for a second year on the Women Innovation Summit Steering Committee, Moshe Mikanovsky  is a dedicated mentor and product strategist committed to helping founders adopt a product-first mindset. With extensive experience in guiding entrepreneurs, he continues to play a key role in shaping the summit’s impact. “I am very excited to return to support this fantastic event, which highlights and boosts all women leadership in Toronto, Canada, and beyond. Seeing the amazing talent that took part last year, the extraordinary leaders and the companies they are building – but most importantly, witnessing the positive impact they are creating in the world. I am excited to be part of the steering committee again, learning about all this year’s nominees and the problems they are set to solve.”

 

Courtney Lee, VP, People, Humi

headshot image of Courtney LeeCourtney brings incredible expertise to the table, having made her mark as a key member of Humi’s executive leadership team. She focuses on nurturing a positive workplace culture and driving talent development, which is essential for any thriving organization.
“Humi proudly champions Canadian women-led startups, equipping them with the tools and resources necessary to accelerate their growth and elevate industry standards. We empower innovation through our integrated payroll, HR, SR&ED, and benefits solutions and stand behind the incredible women driving transformative change in Canada’s startup ecosystem.”

 

Rivannah Brown, Corporate Associate, Torys LLPheadshot image of Rivannah Brown

As a Corporate Associate at Torys LLP, Rivannah Brown supports emerging companies through key growth stages, including fundraising, equity structuring, cross-border expansion, and M&A. She also advises venture capital and private equity investors funding transformative technologies, positioning herself as a leader in advancing innovation across Canada’s tech ecosystem. Rivannah’s expertise makes her a valuable member of the Women Innovation Summit Steering Committee.

 

Sydney Rankin, Head of Growth, Profitual

headshot image of Sydney Rankin
With a passion for financial strategy, Sydney Rankin helps startups build clear, actionable financial models that drive growth. As Head of Growth at Profitual, she works closely with founders to strengthen their financial intelligence—an expertise that will be invaluable to this year’s Women Innovation Summit Steering Committee.
“The path for women founders is often defined by persistent and significant challenges, from accessing capital to breaking into established networks. As someone who works every day to support founders in building clear, actionable financial models, I’ve seen how this support empowers them to raise capital with confidence and trust in their leadership and decision-making ability. I’m thrilled to participate in an event that celebrates the resilience and accomplishments of women founders while creating space for honest connections and learning.”

 

Alex Avendano, co-founder, newkid

headshot image of Alex AvendanoAs co-founder of newkid, a branding studio dedicated to fostering innovation, self-expression, and community, Alex Avendano is passionate about helping founders showcase their unique talents with confidence. She brings this same expertise to the Women Innovation Summit Steering Committee, where she works to amplify the voices and impact of women founders.
“The 2024 Women’s Innovation Summit was the first DMZ event I ever attended. It was incredible to be surrounded by so many intelligent, interesting, and driven founders. I knew I wanted to find a way to support them. Fast-forward to this year: newkid is moving into its second year as the DMZ’s branding-partner-in-residence. As a female founder myself, I’m excited to be part of an event that not only recognizes women, but also helps fuel their companies through connections, industry knowledge, and actual cash investment.”

 

 

Save the date! DMZ’s Women Innovation Summit returns on March 6, 2025. Visit dmz.to/wis25 to learn more and find out how you can get involved.

Growth hack: The ReInvestWealth and Hostaway playbook for smarter scaling

Growth isn’t just about scaling faster; it’s about scaling smarter with the right partners. ReInvestWealth and Hostaway are proving that with their innovative collaboration.

In the fast-paced world of startups, customer acquisition is always a challenge. Traditional inbound and outbound sales strategies require time, money and constant effort. And in a crowded market, standing out is harder than ever. 

That’s where startup-to-startup partnerships come in – an often underutilized strategy to tap into new audiences and drive growth without breaking the bank.

By teaming up with like-minded businesses, startups can leverage complementary strengths, create seamless solutions and deliver value to customers in ways that wouldn’t be possible alone.

What does this strategy look like in practice? We chatted with Behdad Karimi Dermeni, Co-Founder of ReInvestWealth, to explore how his company is taking this approach as ReInvestWealth becomes Hostaway’s first AI bookkeeping software partner – all while making financial management easier for property managers around the globe.

How this partnership fuels growth for ReInvestWealth

ReInvestWealth excels in simplifying accounting with AI-powered technology, while Hostaway helps short-term rental property managers handle listings, bookings and communication across multiple platforms like Airbnb, Vrbo and Expedia. 

With ReInvestWealth’s innovative accounting tools now integrated into Hostaway’s platform, property managers can automate tedious financial work, reducing manual labour and saving time. “The integration seamlessly syncs a Hostaway user’s revenue, expenses, and all other business transactions with ReInvestWealth, eliminating manual data entry entirely,” explained Dermeni.

For ReInvestWealth, this partnership is an instant gateway to Hostaway’s extensive customer base, which oversees over 100,000 properties worldwide.

By embedding their solution within Hostaway’s ecosystem, ReInvestWealth benefits from increased visibility and credibility with a targeted audience. “By integrating ReInvestWealth into existing ecosystems, we simplify financial management for users while efficiently expanding our reach,” said Dermeni. Together, they amplify their impact – a win for both companies and their users.

The win-win for Hostaway

While ReInvestWealth gains exposure and adoption, Hostaway also benefits significantly from this partnership – offering an enhanced value proposition to its property managers.

“Hostaway’s clients mainly struggle with tracking income from multiple booking platforms, reconciling expenses, and managing taxes. ReInvestWealth uses AI to seamlessly automate bookkeeping, categorize transactions and provide real-time financial insights, ensuring they stay compliant and maximize profitability,” Dermeni explained.

The integration solves major pain points for property managers, allowing them to focus on growing their rental portfolios rather than being bogged down by financial admin.

“Our goal is not just to save property managers an average of four hours per month on record-keeping, but also to boost tax deductions by 35%,” Dermeni explained.

By making property managers’ lives easier, Hostaway strengthens customer retention and satisfaction, proving that strategic partnerships don’t just drive growth – they also greatly enhance customer success.

Lessons for startups: How to leverage collaboration for growth

ReInvestWealth and Hostaway’s partnership offers a blueprint for how startups can scale smarter. But while introducing a product integration can offer a quick win-win, Dermeni explained a strong collaboration “requires clear value alignment, seamless user experience and active co-marketing.” Here’s what other startups can learn from his approach:

Find the right partner. Look for a company that serves a similar audience, but isn’t a direct competitor of yours. 

Prioritize real customer value. ReInvestWealth didn’t just integrate with Hostaway for exposure. Their solution removes a major financial management burden from property managers. The value is clear, which ensures strong adoption and retention.

Provide a frictionless experience. ReInvestWealth and Hostaway created a frictionless experience that made it easier for property managers to manage their finances, without having to think about it.

Champion the collab together. Co-market for maximum impact – the best collaborations include joint marketing efforts to drive new awareness and adoption.


The road ahead: more partnerships, more growth

For ReInvestWealth, adoption success in this partnership will be measured by user engagement, subscriptions and retention rates, with a goal of 15% adoption among Hostaway users within six months.

ReInvestWealth’s partnership with Hostaway isn’t a one-off – it’s a model for future expansion. “Through our collaborations with Ownr and now Hostaway, we’ve learned that the key to impactful partnerships lies in addressing real pain points at scale,” explained Dermeni.

The ReInvestWealth and Hostaway partnership is a powerful example of how startups can tap into each other’s expertise and customer bases to fuel growth. Thanks to a valuable referral through DMZ, ReInvestWealth and Hostaway were able to connect, setting the stage for a powerful partnership.

For startups looking to scale, the message is clear: don’t go it alone. The right partnership could be the key to unlocking your next stage of growth.

Learn more about the ReInvestWealth x Hostaway partnership: https://www.reinvestwealth.com/post/hostaway-accounting-connection-reinvestwealth-user-guide 


Applications for DMZ’s Incubator are open until February 25. Join an info session to learn more: dmz.to/apply

 

Tariffs 101: What founders need to know

If you’re a founder trying to keep up with the latest on tariffs, we get it—it’s a lot. Between trade tensions, shifting policies and the looming threat of retaliatory measures, it’s tough to know what’s noise and what actually impacts your business.

That’s why we sat down with our very own Government Relations Manager Dove Parmar to break it all down. From what’s happening with Trump’s proposed tariffs to how Canadian startups should prepare, here’s everything you need to know minus the political jargon.

Trump’s proposed tariffs. 

  • President Trump has proposed a broad set of tariffs. These measures are designed to incentivize domestic production but risk triggering retaliatory actions from key trade partners, including Canada.
  • On February 3, he paused the tariffs on Canada for 30 days after speaking with Prime Minister Trudeau to discuss enhancing border security and address concerns regarding the flow of fentanyl into the United States. 
  • President Trump has said tariffs are needed to help the American economy and to protect the country from the “threat of illegal aliens and deadly drugs.” To note, only 0.2% of US border fentanyl seizures come from Canada.

So, what are tariffs? 

  • Tariffs are taxes imposed on imported goods, making them more expensive for domestic buyers. Governments use tariffs to protect local industries, retaliate in trade disputes or generate revenue. However, they can also increase costs for businesses reliant on global supply chains.

How this will impact founders. 

Increased costs. 

  • Canadian tech companies that rely on U.S. components, such as semiconductors and hardware, may face higher costs due to tariffs on goods imported into the U.S. from global suppliers.
  • Increased costs could lead to higher prices for end consumers or force firms to absorb costs, impacting margins.

Disruptions to cross-border trade. 

  • Tariffs could disrupt established supply chains.
  • Canadian tech firms exporting to the U.S. may find their products subject to retaliatory tariffs, reducing competitiveness.

Investor jitters. 

  • Tariff uncertainty can deter investment in Canadian tech startups, especially those reliant on U.S. partnerships or expansion.
  • Companies may delay expansion plans or rethink cross-border strategies in response to trade instability.

Shifting the trade playbook. 

  • The Canadian government may explore new trade agreements or incentives to offset potential losses and diversify supply chains away from the U.S.

The Bank of Canada’s response. 

  • Interest rate adjustments: The Bank may lower interest rates to stimulate economic growth and offset trade-related slowdowns. Lower rates can encourage borrowing and investment in the tech sector.
  • Inflation considerations: Higher import costs due to tariffs may drive inflation, potentially forcing the Bank to balance rate cuts with inflation control measures.
  • Exchange rate policy: A weakening Canadian dollar in response to tariffs could help exports remain competitive but may increase costs for companies importing U.S. tech components.

What founders should be thinking about. 

  • Supply chain diversification: Companies should assess alternative suppliers to mitigate risk from tariff fluctuations.
  • Government advocacy: Exploring alternative export markets beyond the U.S. to reduce dependence on a single trade partner.
  • Market expansion: Evaluating pricing strategies and operational efficiencies to absorb potential tariff impacts.

Tariffs might be meant to protect local industries, but they can shake up entire economies and make life harder for businesses that depend on cross-border trade. The best move? Stay ahead by planning strategically, keeping an eye on policy changes and finding ways to stay competitive in an unpredictable trade landscape.

Want to stay in the loop on tariffs and other big shifts in the startup world? Subscribe to DMZ’s Tech Talk newsletter. We break down the latest trends, policy changes and what they actually mean for founders—no fluff.