Two organizations to expand offerings to support more than 600 entrepreneurs and bring new products to market
Entrepreneurs grow our economy through their ideas and innovations while bringing various experiences to our communities and to Canadians. The Government of Canada is working with partners to ensure that businesses and entrepreneurs have the support they need to thrive for years to come.
Today, Ryan Turnbull, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Innovation, Science and Industry and Member of Parliament for Whitby, visited Spark Commercialization and Innovation Centre (Spark Centre), which provides support to early-stage and growing technology and innovation entrepreneurs.
While at Spark Centre, PS Turnbull learned about the new Landing-Pad Accelerator Program, which will offer a range of supports, including workshops and coaching to newcomer and female founders and skilled talent in Environment, Energy and Engineering (EN3). With a $2 million investment, the Centre will help entrepreneurs grow their businesses in areas such as emission reduction, biodiversity protection, electrification, smart mobility/technology, and renewable energy. This program will support 80 businesses to commercialize new products and provide mentoring to more than 200 entrepreneurs.
Located in Collingwood, Ontario, GB Accelerator is expanding its capacity to support more businesses, including in the surrounding counties of Simcoe, Grey and Bruce. With a $400,000 investment over three years, this expansion will help support clean and advanced technology businesses through training, mentorship and individualized programming. The project is expected to support over 35 businesses to commercialize new products and provide training/mentorship to 400 entrepreneurs.
Organizations that equip businesses with necessary tools and essential resources are helping to sustain and accelerate them during their initial stages of development. The Government of Canada understands the importance of these organizations and the impact they are having for businesses and on Canada's economy.
