US Startup accelerator Plug and Play Tech Center to open in Vancouver

Posted by Rob Lewis

Silicon Valley-based startup accelerator Plug and Play Tech Center announced today that it plans to open its first Canadian office in Vancouver. And the City of Vancouver is giving full credit to its Olympic Business Programs for making it happen.

Plug and Play CEO Saeed Amidi signed a memorandum of understanding with the City of Vancouver and the Vancouver Economic Development Commission as part of the announcement.

“This partnership will mean new jobs and investment in our city,” said Mayor Robertson. “The startups that will take root here are the kinds of businesses Vancouver needs – ones that thrive during tough economic times and provide optimism and new opportunities. Plug and Play will strengthen Vancouver’s global recognition for being a hub for innovation and creativity.

“We’re seeing more and more businesses attracted to Vancouver because of our quality of life, our top-notch research institutions, and our culture of entrepreneurship. It is these elements that are establishing Vancouver as a Green Capital on the world stage.”

The MOU calls for the creation of a pilot project tech support centre in 2010 with the goal to eventually establish a permanent centre that will work with other partners to support up to 30 new business startups every year. This support will include providing startups with physical space, access to capital, coaching and mentoring.

The Plug and Play announcement comes less than a month since news that Vancouver's only startup accelerator, Bootup Labs, had trouble securing sufficient funds for their most recent intake of startups.

Company:
Bootup Labs
Website:
http://www.bootuplabs.com
Location:
Vancouver, British Columbia, Canada

Bootup Labs is a seed accelerator in Vancouver, BC that helps founders and companies go "from concept to company." Bootup Labs recruits promising entrepreneurs and provides mentorship, ongoing support and office space to help define their business and, if required, secure venture financing. Companies receive $150k in financing. Focus exclusively on Internet based businesses including casual gaming, consumer... more

Company:
Plug & Play Technology Center
Website:
http://www.plugandplaytechcenter.com
Location:
Palo Alto, California, United States

Plug and Play Tech Center community where over 150 start-ups work closely with one another and build great companies from ideas and dreams. Plug and Play Tech center offers much more than a place to build your dreams, we also provide value added services that help turn your dreams into reality. One of our biggest assets to our start-up community is our established relationships with various funding sources. We... 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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