Accelerate Okanagan gets $2.1 million injection to help grow startups

Posted by Techvibes NewsDesk

A $2.1-million investment by the governments of Canada and British Columbia, through the BC Innovation Council, will help Accelerate Okanagan increase the number of technology companies that start and grow in the region. The funding was announced this week at the official opening of Accelerate Okanagan, a technology-focused not-for-profit organization.

“The Government of Canada is committed to paving the way for the success of emerging sectors in the Okanagan,” said Ron Cannan, Member of Parliament for Kelowna – Lake Country, on behalf of the Honourable Lynne Yelich, Minister of State for Western Economic Diversification. “Today’s investment will provide small and emerging businesses, which are pivotal for our economic success, with the tools they need to grow and create jobs in our region.”

“Our BC Jobs Plan pinpointed technology as one of the eight key sectors that has a competitive edge and has huge potential to bring dollars into our economy from our most important trading partners,” said Dr. Moira Stilwell, Parliamentary Secretary for Industry, Research and Innovation. “Through BCIC, we’re making sure that potential is realized across the province, especially in the Okanagan, where the industry is already showing increased strength thanks to the work of Accelerate Okanagan.”

The organization’s latest program, the Jump:Start Challenge, attracted applications from more than 40 companies, 15 of which were new startups.

“Accelerate Okanagan’s programs provide the key elements needed to ensure the success of technology companies,” said Accelerate Okanagan CEO Jason Neale. “This includes individualized needs assessments, hands-on coaching, mentorship, and access to world-class expertise, as well as providing key connections provincially, nationally and internationally.”

Company:
BCIC
Website:
http://www.bcic.ca
Location:
Vancouver, British Columbia, Canada

BCIC encourages the development and application of advanced or innovative technologies to meet the needs of industry in BC. We accelerate technology commercialization by supporting startups and developing entrepreneurs. With our partners, BCIC delivers programs and initiatives that promote company growth, resulting in jobs, increased revenue and economic development in BC. BCIC is a Crown Agency of the Province of... more

Company:
Accelerate Okanagan
Website:
http://www.accelerateokanagan.com
Location:
Penticton, British Columbia, Canada

Accelerate Okanagan, a technology focused not-for-profit, was formed in December, 2010 with the mission to increase the number of technology companies that start and grow in the Okanagan. First, by providing programs that support entrepreneurs and technology companies looking to start, accelerate and grow and second, by helping to develop and support a vibrant entrepreneurial, creative and innovative technology... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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