February 19, 2025 · Charlottetown, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)
The Government of Canada understands that collaboration and mentorship are key to creating a successful and sustainable ecosystem for businesses at all stages. In Prince Edward Island, a newly established tech and business hub will serve as a vital resource to tech entrepreneurs across many sectors looking to scale, innovate, and adapt.
Building a community of innovation in P.E.I's tech industry
Today, Sean Casey, Member of Parliament for Charlottetown, attended the opening of The Foundry, where he announced a Government of Canada investment of $855,000 for the PEI IT Alliance. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
The funding will support the delivery of essential programming and mentorship services to advance the province's tech industry. The Foundry will provide state-of-the-art facilities and resources to its members, as well as workshops, and networking opportunities to connect entrepreneurs with industry leaders, investors, and potential partners.
The Province of PEI, through Innovation PEI, is also supporting the project with $712,500.
Today's announcement highlights the Government of Canada's support for businesses in rural and urban regions across the country, and commitment to providing entrepreneurs with the tools and resources needed to contribute to Canada's thriving digital economy.
