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The Toronto-based incubator is partnering with the French business school to help early-stage startups commercialize. The incubator will accept 25 companies in its first Parisian cohort in 2020. (The Logic)

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Talking point: In February, my colleague Catherine broke the news that CDL was opening its first European location in partnership with the University of Oxford. The incubator said at the time it was in the midst of a global push and looking at three new locations. It’s grown considerably since then, when graduates had generated over $3.1 billion in equity value. That number now exceeds $4.3 billion. CDL has also come under increasing scrutiny as Facebook’s only Canadian partner for its Libra digital coin, and it has forged this French connection amid the government’s public criticism of the venture.

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CDL officially announced its expansion to Oxford’s Saïd Business School today, two weeks after The Logic broke the news. The first cohort of the intensive accelerator program will enrol companies focused on artificial intelligence. Applications open in April, and the nine-month program starts in September. Former Google CFO Patrick Pichette is among those leading the expansion to Oxford, along with Canadian philanthropist John McCall MacBain. (University of Oxford)

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Talking point: The expansion marks CDL’s seventh location and its second outside Canada, after launching a program at New York University’s Stern School of Business in September 2018. Since launching in Toronto in 2012, CDL companies have built close to $3.5 billion in equity value, according to the organization. The U.K outpost is part of a push to grow the incubator program globally: Sonia Sennik, executive director, told The Logic last month that CDL is eyeing opportunities in three additional markets.