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John Dobson Foundation makes its largest donation to ºÚÁÏÍø±¬³Ô¹Ï to support X-1 entrepreneurs

Published: 19 July 2017

The John Dobson Foundation has announced a donation of $2 million dollars – its largest gift to ºÚÁÏÍø±¬³Ô¹Ï yet – to fund the ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator program run by the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship. The donation will support the program now in its third year, as it grows to support entrepreneurs across ºÚÁÏÍø±¬³Ô¹Ï.

Ari Kiriazidis, President of the John Dobson Foundation, stated, “the Foundation is delighted to continue Dobson’s long-standing relationship with ºÚÁÏÍø±¬³Ô¹Ï with what represents one of the largest gifts ever granted by the Foundation’s Board. The Board is extremely proud to be associated with one of the most prestigious universities in Canada through the Dobson Centre and its various programs.â€

Randy Kelly, John Dobson’s long-time partner and Chief Executive Officer of Formula Growth, as well as Chairman of the Dobson Foundation, noted,  “ºÚÁÏÍø±¬³Ô¹Ï was always close to John’s heart and he would be very pleased with the continued commitment.â€

Launched in 2015, the ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator is an intensive 10-week summer program designed to accelerate the growth of later-stage ºÚÁÏÍø±¬³Ô¹Ï startups toward investment readiness and launch in the fall. The program runs annually from June to August and is open to teams, of which at least one must have a ºÚÁÏÍø±¬³Ô¹Ï affiliation: current student, recent alumni, faculty or staff. This year’s program has accepted eight ºÚÁÏÍø±¬³Ô¹Ï teams who are building their business on an idea based on technology or science.

The overall curriculum builds upon the MIT startup methodology of Disciplined Entrepreneurship, an integrated and proven framework for developing an innovation-driven product towards launch. The ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator culminates with a series of Demo Day events in Montreal, San Francisco, Boston, Toronto and New York City where ºÚÁÏÍø±¬³Ô¹Ï X-1 startups will have the opportunity to pitch their companies to a group of ºÚÁÏÍø±¬³Ô¹Ï alumni, entrepreneurs and investors.

The donation signals a time of crucial development for the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship, which resides in the Desautels Faculty of Management. Dean Isabelle Bajeux-Besnainou of Desautels remarks, “Through the vision and generosity of the John Dobson Foundation, the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship is affirmed as the leading hub for entrepreneurship on campus. In classrooms, research labs, and across the University, ºÚÁÏÍø±¬³Ô¹Ï is full of ideas and talented individuals driven to innovate. Thanks to this donation, the ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator will catalyze our community of innovators and entrepreneurs.â€

Professor Gregory Vit, Director of the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre, notes, “The ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship has played a central role in creating young ºÚÁÏÍø±¬³Ô¹Ï entrepreneurs. Many recent ºÚÁÏÍø±¬³Ô¹Ï startups have had an important impact on the economies of Montreal and Quebec. This significant gift made by the John Dobson Foundation will ensure that we continue to serve the vibrant entrepreneurship culture at ºÚÁÏÍø±¬³Ô¹Ï. I’m highly confident that our entrepreneurs, in the not too distant future, will have a major positive impact on the planet.â€

The ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship has grown considerably since its founding in 1988 under the late John Dobson (BCom’64), a known advocate for free enterprise and entrepreneurship.  Since then, the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre has played a central role in advancing entrepreneurial innovation and discovery at ºÚÁÏÍø±¬³Ô¹Ï. Through its flagship annual startup competition, the ºÚÁÏÍø±¬³Ô¹Ï Dobson Cup, and other initiatives that have followed, including the ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator, the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship has offered mentorship to more than 2,200 ºÚÁÏÍø±¬³Ô¹Ï entrepreneurs, and launched more than 125 successful startups that today employ over 1,200 people and have raised over $100 million in venture funding. 

About the John Dobson Foundation

In 1986, John Dobson established The John Dobson Foundation to help educate the public with respect to investing, the free enterprise system and entrepreneurial activities in Canada. One of the first activities of the Foundation was the creation of the Dobson Centre for Entrepreneurship at ºÚÁÏÍø±¬³Ô¹Ï in 1989. The Dobson Foundation has supported entrepreneurial development at more than a dozen other Canadian universities, as well as numerous other community entrepreneurial efforts including being one of the original sponsors of Advancing Canadian Entrepreneurship (now Enactus Canada). The Dobson Foundation involvement with entrepreneurship over 30 years has resulted in the establishment of a large regional and national network of educators and small business interveners creating unprecedented synergy and cooperation. The Foundation also supports many Canadian economic Think Tanks that help Canadians understand the strength of the Free Enterprise system. It also has had an important role in educating young Canadians in the power of compounding returns through sound investing and saving principles.  

About the ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship

The ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship is the hub of entrepreneurial activity at ºÚÁÏÍø±¬³Ô¹Ï. Its mission is to find, teach, and develop world-class entrepreneurs at ºÚÁÏÍø±¬³Ô¹Ï through tailored education, applied entrepreneurial frameworks, and iterative mentorship. The ºÚÁÏÍø±¬³Ô¹Ï Dobson Centre for Entrepreneurship offers a portfolio of programming to meet its mandate, which includes: the ºÚÁÏÍø±¬³Ô¹Ï Dobson Cup, the ºÚÁÏÍø±¬³Ô¹Ï X-1 Accelerator, and the ºÚÁÏÍø±¬³Ô¹Ï Lean Startup Program.
Website: www.mcgill.ca.dobson
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About the Desautels Faculty of Management

Founded in 1906, the Desautels Faculty of Management at ºÚÁÏÍø±¬³Ô¹Ï is ranked as one of the world’s top international business schools by BusinessWeek, Canadian Business, Forbes and The Economist. The Faculty’s innovative programs and historic reputation for excellence continue to attract the finest students and the most prominent professors from around the globe, as well as the most demanding recruiters from the world’s top employers.

Desautels houses numerous research centres and academic programs at the undergraduate, masters, executive, and PhD levels. The curriculum is built on an integrated, interdisciplinary model that combines research, practice, and teaching. This valuable, holistic approach prepares students to successfully manage and lead in today’s increasingly interconnected world.


For more information, contact Rosalie Nardelli, Communications Manager
Desautels Faculty of Management
rosalie.nardelli [at] mcgill.ca
514-398-7131

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