Canadian Government Announces Which Startup Accelerators Will Get Funding Under CAIP

Prime Minister Stephen Harper today announced the organizations that have been chosen to advance in the selection process for the Canada Accelerator and Incubator Program (CAIP). He made the announcement at Communitech in Waterloo.

In 2013, the Government of Canada established CAIP to help accelerators and incubators deliver their services to promising Canadian firms. CAIP is delivered on behalf of the Government by the National Research Council’s Industrial Research Assistance Program (NRC-IRAP), which evaluated all proposals "based on strict eligibility and selection criteria."

Eligible proposals were then presented to the independent Canadian Venture Capital Expert Panel for their review and recommendations, according to the government.

NRC-IRAP is now conducting a thorough due diligence process to establish contribution agreements with the selected organizations. The following organizations have been chosen to advance in the selection process under the CAIP:

  • GrowLab Ventures in collaboration with Extreme Startups
  • Invest Ottawa, in collaboration with Wesley Clover, PARTEQ Innovations and InnovationPark at Queen’s University
  • Manitoba Technology Accelerator (MTA)
  • Prince Edward Island BioAlliance Inc.
  • Propel ICT
  • Ryerson University, in collaboration with Simon Fraser University and University of Ontario Institute of Technology
  • The Next 36
  • University of Alberta, in collaboration with TEC Edmonton and Innovate Calgary
  • Wavefront Wireless Commercialization Centre Society
  • BC Technology Industry Association (BCTIA)
  • Bioenterprise Corporation
  • Centre d’entreprises et d’innovation de Montréal (CEIM)
  • Centre for Drug Research & Development (CDRD), in collaboration with CDRD Venture Inc.
  • Communitech Corporation, in collaboration with University of Waterloo Velocity, Laurier LaunchPad and the Waterloo Accelerator Centre
  • Corporation Inno-Centre du Québec

CAIP provides support over a five-year period in the form of non-repayable contributions to a small and select number of accelerators and incubators. Maximum contributions to accelerators and incubators under the program "are up to $5 million per year for each selected outstanding organization."

Recipients will be required to demonstrate matching contributions on at least a 1:1 basis during the period of the contribution funding.

“It is critical for Canada’s small- and medium-sized businesses to harness innovation and get their ideas to the marketplace so that they can grow, create jobs and contribute to the economy," said Harper.

"Accelerators and incubators have the experience, tools and know-how to help get small Canadian start-up businesses up and running. Our Government is pleased to be supporting private sector-led initiatives that further strengthen our venture capital market.”

Invest Ottawa
Ottawa, Ontario, Canada

Invest Ottawa delivers economic development programs and initiatives that increase entrepreneurial momentum, wealth and jobs in the City of Ottawa and its surrounding region. Its goal is to make Ottawa the best place in Canada to start and grow a knowledge-based business. Invest Ottawa services include startup incubation and mentorship, acceleration for existing companies, global business... more

Waterloo, Ontario, Canada

Founded by a group of entrepreneurs in 1997, Communitech is an industry-led innovation centre in Waterloo Region, supporting a tech cluster of nearly 1,000 companies. Communitech supports tech companies at all stages of their growth and development – from startups to rapidly growing mid-sized companies and large global players. A member of the Ontario Network of Entrepreneurs, Communitech... more

Vancouver, British Columbia, Canada

Wavefront is the national centre of excellence for wireless commercialization accelerating the growth and success of wireless companies in Canada. Wavefront improves speed-to-market and delivery of mobile applications and wireless technologies by providing emerging companies with a suite of WaveGuide™ training, mobile industry advisory services, incubation services, testing resources and market... more

GrowLab Ventures Inc.
Vancouver, British Columbia, Canada

GrowLab supports the World's best entrepreneurs through seed funding, office space, mentorship & programming in Vancouver & San Francisco. more

Extreme Startups
Toronto, Ontario, Canada

Extreme Startups is a venture backed startup accelerator that supercharges founder development, optimizes product-market fit and graduates fundable companies. Our evolved programs provide an unrivaled combination of seed capital (up to $250K), digital product leadership education and access to a global pool of mentors. Investors and financial partners include Business Development Bank of Canada... more

The Next 36
Toronto, Ontario, Canada

The Next 36 addresses Canada's deficit of high impact entrepreneurship by providing resource-rich education programs to promising young entrepreneurs. It was founded by a small group of business leaders and academics and is championed by Founding Patrons W. Galen Weston, Paul Desmarais, Sr. and Jimmy Pattison. We believe that by fast-tracking the development of Canada’s most talented young... more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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