SUBSCRIBE | DEADLINES | HOME | FEATURE STORIES

Posted Tuesday December 4, 2018


___________________________
Start-up

FedDev Ontario Bolsters Support for Start-Ups

An additional $5.5 million for Accelerator Centre to help over 125 start-ups and create 400 more jobs

The Government of Canada is ensuring the right measures are in place to provide Canadian entrepreneurs with the resources and opportunities they need to succeed.

Last Friday Bardish Chagger Member of Parliament for Waterloo announced additional FedDev Ontario funding of up to $5.5 million to create more jobs, companies and innovative products through the Accelerator Centre.

The additional FedDev Ontario investment in AC JumpStart means this much-sought-after program will be extended by more than two years and be able to offer seed funding, mentoring and coaching to another 126 start-ups. Working with established partners University of Waterloo, Conestoga College, Wilfrid Laurier University and new partner University of Guelph, AC JumpStart will extend its reach into the technology hardware, advanced manufacturing, clean technology, sustainable energy, agri-tech and agri-food sectors.

The announcement builds on a previous FedDev Ontario contribution of $8 million to support AC JumpStart. So far, over 190 start-ups have received support to commercialize 230 new products, resulting in over $3.3 million in initial sales. In total, the overall project is expected to support over 300 companies and create up to 1,100 highly skilled jobs across the region.

AC JumpStart is an incubation and mentorship program for high-potential technology entrepreneurs. Applications to Cohort 9 of the program are open until January 7, 2019.















exchangemagazine.com is distributed twice weekly; Tuesday and Thursday


Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.


contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2018

Share Your Story: pressrelease @ exchangemagazine.com
Expand Your Reach:
advertise @ exchangemagazine.com
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. Exchangemagazine.com is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2018. Submitted editorials, comments and releases are copyright of respective source(s).