Communitech’s Venture Services Program expands to meet Waterloo tech growth

Posted by Rob Lewis

Waterloo's Communitech announced this morning that their Venture Services program is expanding to support the growing number of startups relying on Communitech for commercialization expertise. The Venture Services program provides expertise and resources to startup companies, engaging executive-level talent from the Region.

According to Communitech CEO Iain Kugman, more than 250 early-stage companies are actively engaged with the Venture Services Program, up from 50 since the inception of the EIR program five years ago. And in 2010, more than 7000 hours were spent by EIRs coaching startups.

Communitech continually seeds its Executives-in-Residence team with high-level executives who have experience in “C-level” jobs and can coach startup tech firms, and the program has expanded from one to a complement of six EIRs. Each EIR has experience and expertise in a particular sector and a capability essential to business success. Entrepreneurs work with the team of advisors best suited to their business, and have access not only to the expertise needed, but also resources and connections across a range of disciplines and sectors.

Communitech's announcement is timely for Vancouverites as well as BCTIA is hosting Klugman and other Accelerator advocates for a panel discussion on April 19th titled Accelerator Programs... do they really work?

Apparently they work very well in Waterloo!

Vancouver, British Columbia, Canada

The BC Technology Industry Association is an industry-funded organization promoting the growth of British Columbia's knowledge economy. With a membership of over 2,700 companies, employing more than 60,000 workers in business of all sizes and sectors, the BCTIA is the largest tech association in the province. The BCTIA delivers programs and services that assist in the growth and success of its members, as well as... more

Waterloo, Ontario, Canada

Communitech is located in Waterloo Region, 110 kilometres (66 miles) west of Toronto, Ontario, Canada in an area that includes the cities of Kitchener and Waterloo. Communitech is the regional hub for the commercialization of innovative technologies supporting and building a Southwestern Ontario tech cluster of close to 1,000 companies that now generates more than $30B in revenue. A member of the Ontario Network... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  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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