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

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 (BCTIA) supports the development, growth, and advancement of technology companies in British Columbia. Our Mission is to help companies grow and build world-class organizations; global leaders that anchor a vibrant technology ecosystem and which serve as an inspiration to entrepreneurs in our community. 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

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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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