Canada’s Creative Destruction Lab (CDL) will launch its third U.S.-based location in Seattle this fall.
CDL is a nonprofit organization for massively scalable, seed-stage, science- and technology-based companies, with ten locations including CDL-Vancouver at the Sauder School of Business, University of British Columbia.
Based at the University of Washington’s Foster School of Business, CDL-Seattle will be a partnership with Microsoft Corporation, the UW College of Engineering, Paul G. Allen School of Computer Science & Engineering, and CoMotion, UW’s collaborative innovation hub.
The area of focus for CDL-Seattle’s first stream will be computational health and selected ventures will begin the nine-month CDL program in November 2021.
“The rapid growth of new machine learning applications focused on enhancing human health combined with innovations in sensor technology and other complements has created a flood of new entrepreneurial opportunities that will benefit society,” said Ajay Agrawal, Founder, Creative Destruction Lab.
“We’re thrilled to partner with one of the world’s great research institutions, the University of Washington, located in such a vibrant hub of global leaders in technology commercialization – the Seattle region.”
Experienced entrepreneurs who have founded, led, and sold successful tech companies, along with world-leading scientists, engineers, and economists will serve as mentors to participating startups.
In addition, UW students and faculty will have an opportunity to apply their expertise and learning to advance science- and technology-based companies in computational health.
The successful commercialization of cutting-edge science and technology achieved through CDL has already led to the creation of over CAD $8 billion in equity value.
CDL-Vancouver alumni include addy, CTO.ai, Damon, Dooly, Ionomr, Lumen5, Plurilock, and Routific.