The Waterloo Region just became an even better place to start a business. Early-stage companies now have access to seamless support services from both the Accelerator Centre (AC) in the Research + Technology Park and Communitech, which supports Waterloo Region’s tech cluster of more than 700 tech companies.
“Essentially we’re creating one-stop shopping for early-stage companies looking for help to take their business to the next level,” said Iain Klugman, President and CEO of Communitech.
Under the new agreement, start-ups housed at both The Accelerator Centre and The Communitech Hub will have access to the same Accelerator Program – supported equally, regardless of where their company is located. Because of the creation of The Communitech Hub in downtown Kitchener, there is increased office space available, and more manpower to support expanded initiatives.
The Accelerator Centre (AC), located within Waterloo’s Research + Technology Park, is an award-winning facility dedicated to developing and commercializing technology start-ups. Since opening its doors to clients in May 2006, the AC has graduated seven companies into the marketplace, and is home to 20+ other start-ups at various stages of maturity.
The Communitech Hub, located in Kitchener’s historic Tannery Building, has 30,000 square feet of space available to support the growth and commercialization of Ontario’s digital media and mobile computing industry. Start-ups located at The Hub participate in the same programs as those located at the AC, including coaching from Communitech’s experienced team of Executives-in-Residence.
Entrepreneurs and early stage companies interested in becoming tenants of the Accelerator Centre or The Communitech Hub can apply online at either organization’s website.