Level of Sector Specificity
Whether a BAI focuses on a specific sector (e.g. medtech, cleantech, fintech) or works across sectors (sector-agnostic). Sector-specific BAIs exhibit qualitatively distinct characteristics from agnostic ones. The distinction was almost unanimous among interviewees.
Self-assessment questions
- 01Does most of your BAI's activity include a named sector (e.g. medtech, cleantech, proptech, fintech, AI, cybersecurity)?
- 02Do entrepreneurs and/or ventures and/or mentors and/or investors work in a similar and named sector?
- 03Do you reject entrepreneurs and/or ventures and/or mentors if they do not work in a similar and/or closely related sector?
- 04Do your entrepreneurs and/or ventures require industry and/or technical expertise relevant to a specific sector (e.g. regulatory processes in Canada's medical system)?
Limitations
- · Defining "sector" is not straightforward — cleantech crosses many verticals (energy, agriculture, etc.)
- · A BAI focused broadly on "technology" needs one more level of focus to be considered sector-specific
- · Some BAIs straddle both — look at where MOST activity lies
- · Other aspects of specificity (BIPOC-founded, geographic) tended to apply at the program level, not the BAI level