📋 Tender Overview
FedDev Ontario investment to support up to 100 start-ups create and maintain up to 1000 jobs and commercialize 75 new products or servicesCanadas technology sector has the potential to be a global leader creating vital products and good jobs for Canadians. The Government of Canada is committed to supporting the network of innovative start-ups in this important sector as they grow and commercialize technologies to better the health and lives of Canadians create quality jobs and boost Canadas economy.Today on behalf of the Honourable Helena Jaczek Minister responsible for the Federal Economic Development Agency for Southern Ontario FedDev Ontario the Honourable Bardish Chagger Member of Parliament for the Riding of Waterloo announced an investment of 10 million for the Waterloo Accelerator Centre to launch the Venture Studio Innovation Program. The program will help start-up innovation and technology companies across southwestern Ontario scale-up and bring products to market faster through access to mentorship and financial support. The Waterloo Accelerator Centre will lead on the delivery of the program in partnership with five southwestern Ontario-based partners WEtech Alliance WEtech Innovate Niagara SnapPea Design Conestoga College and Uvaro. The program aims to fast-track the growth of high-potential start-up companies in the cleantech nanotech and healthtech sectors. Successful applicants will receive financial support mentorship marketing sales and investment expertise to help increase their ability to grow to develop innovative Canadian technology solutions sooner create quality jobs for Canadians and drive growth for Canadas economy.The program will support up to 100 high-growth start-ups and will provide high potential businesses with additional specialized opportunities to build grow and scale their technologies. These participating businesses are expected to create and maintain up to 1000 jobs and commercialize 75 new highly innovative products or services. Applications for the Venture Studio Innovation Program are currently being accepted until July 1 2022.QuotesTodays investment in the Waterloo Accelerator Centre and the Venture Studio Innovation Program will provide Canadian entrepreneurs with the access to the support mentorship and services they need for growth and success. Supporting Canadian jobs and economic growth in Canadas technology sector is a priority for the Government of Canada. We are proud to support this program that will create good jobs for Canadians and help secure Canadas place as a global leader in the technology sector. The Honourable Helena Jaczek Minister responsible for the Federal Economic Development Agency for Southern OntarioThis investment in the Waterloo Accelerator Centre will help our region further develop its network in leading-edge innovation. This project will support the continuing development of a healthy pipeline of high-potential start-up companies in cleantech nanotech and healthtech and create and maintain 1000 highly skilled jobs right here in the Waterloo Region and across southwestern Ontario. The Honourable Bardish Chagger Member of Parliament for the Riding of WaterlooThere is no doubt the number one thing start-up founders need is enhanced access to capital particularly seed funding. The AC has long played an important role in providing that access to start-ups in Waterloo and across southern Ontario. Today with the support of FedDev Ontario were proud to be able to continue working with our partners to advance innovation in the cleantech nanotech and healthtech sectors. Through this program we will provide founders with the funding mentorship and tactical supports they need to build business that thrive and create global impact. Jay Krishnan CEO Accelerator Centre
