This article discusses the opportunities for growth for technology companies that start up in Toronto, but its principles could be applied to tech startups anywhere.

Getting Started

Appropriate Subject Area(s):

Entrepreneurship, business management, marketing

Key Questions to Explore:

  • What environmental and economic conditions support tech company growth?
Study and Discussion Activity

Introduction to lesson and task:

This lesson explores new business concepts and language related to economic growth.

Action (lesson plan and task):

  •  Write the following words on the board or flip chart:
    • Unicorn
    • Creative hubs
    • Equilibrium
    • Geographic fragmentation
    • Big data
    • Cluster theory
    • Not-for-profit incubator
    • Accelerator
    • Venture fund
    • Virtuous cycle
    • Tier one venture capital
    • Billion dollar valuation
    • Private equity
    • Ecosystem
  • Have students work in pairs and select three words from the list.
  • Ask students to discover the meaning of their words and to write a short paragraph using these words.
  • Pass the paragraphs around, asking each pair to read the paragraph they have received and either write down a question or add a sentence to it that makes sense and uses at least one of the words they originally had.
  • Once the paragraphs are passed around, have each home group share their paragraph out loud and answer any questions that have been posed.

Consolidation of Learning:

  • Have a class discussion on the environmental and economic conditions that best support tech company growth.
Success and Additional Learning

Success Criteria:

  • Students understand the language and business concepts discussed and are able to use them in the correct context.

Confirming Activity:

  • In pairs, have students select a Canadian unicorn company and research and write a profile on the company, incorporating some of the language learned in this lesson.

Additional Activity:

  • In the article, Mayor Tory referred to talent as the next gold rush. What does this mean? What plan of action should you take as a student to ensure that you are able to cash in on this gold rush?