BCIC Invests $1 Million in Accelerate Okanagan Technology Association

Posted by Rob Lewis

The Province of British Columbia, through the BC Innovation Council, has invested $1 million in the Accelerate Okanagan Technology Association.

Accelerate Okanagan will receive the BCIC funding over a 2.5-year period. The organization says the investment will provide new and early stage technology companies throughout the Okanagan with continued access to the Venture Acceleration Program.

Accelerate Okanagan supports the growth and acceleration of local startups and early stage companies in the gaming, animation, mobile, web, life sciences, and clean energy sectors to commercialize new technologies. It has benefited 68 companies over the past 18 months, creating 172 jobs and raising over $4 million in funding, according to the organization.

“For tech entrepreneurs, getting to a point of sustained profitability is extremely difficult. Our programs have been developed to support technology entrepreneurs through the early stages of business development, reduce their risk and guide them through the challenges of growing a sustainable business," Jeff Keen, Accelerate Okanagan CEO, said.

“This funding will be used to deliver the VAP to high-growth technology companies across the Okanagan, accelerating the commercialization of technology and spurring the rapid growth of new ventures. The impact of this support will be significant, enhancing local economic development and growing jobs in the Okanagan, B.C.’s third largest technology sector," he added.

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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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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