How would you define the success of MaRS Discovery District's cleantech venture services?

Introduction

Defining the success of MaRS Discovery District's cleantech venture services requires a comprehensive approach that considers multiple stakeholders and metrics. To address this product success metrics challenge, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

MaRS Discovery District's cleantech venture services is a program designed to support and accelerate the growth of cleantech startups in Canada. The service provides a range of resources, including mentorship, funding connections, and market intelligence to help cleantech companies scale their innovations and reach global markets.

Key stakeholders include:

1. Cleantech startups: Seeking support to grow their businesses
2. Investors: Looking for promising cleantech ventures
3. Government agencies: Interested in promoting clean technology innovation
4. Corporate partners: Seeking cleantech solutions and potential acquisitions
5. MaRS Discovery District: Aiming to foster innovation and economic growth

User flow:

1. Startups apply to the program
2. Selected companies receive tailored support and resources
3. Startups participate in mentorship, networking, and funding opportunities
4. Companies work towards achieving growth milestones
5. Successful ventures graduate from the program and continue to scale

This service fits into MaRS' broader strategy of fostering innovation and economic growth in key sectors. Compared to competitors like Greentown Labs or Clean Energy Trust, MaRS offers a more comprehensive ecosystem approach, leveraging its connections across multiple industries.

The product is in the growth stage, with an established track record but room for expansion and refinement.