McGill accelerator for student-run businesses receives $2M donation

July 19, 2017

McGill University has received $2M to support a program for student-run startups. Provided by the John Dobson Foundation, the funds will support McGill’s X-1 Accelerator over a ten-year period by allowing the program to pay participants a stipend, in addition to paying the student coordinators who help run the program. “It’s external validation for us,” said Gregory Vit, a McGill professor and the director of the Dobson Centre for Entrepreneurship, which runs the accelerator program. “It also allows us to not worry about resources for some time, so it allows us to think more strategically and long term and permanentize what we have.” Montreal Gazette | Globe and Mail