Canada Announces Funding for National Accelerator Initiatives

Source: SFU News Release via Academica

Canada has announced that Ryerson University, [CIEC Academic Member] Simon Fraser University, and the University of Ontario Institute of Technology (UOIT) will receive up to $10.7 M over the next 5 years in support of the Zones of Incubation and Innovation initiative. The funding will be distributed through the Canada Accelerator and Incubator Program (CAIP). The joint initiative between the 3 institutions is intended to provide universities and community-based entrepreneurs involved with digital technology start-ups access to facilities, business development resources, and mentoring. “The Zones of Incubation and Innovation Network will play an important role in SFU’s growing innovation agenda. We are pleased to be partnering with Ryerson University and the University of Ontario Institute of Technology on this initiative and grateful for the financial support provided by the Government of Canada through the CAIP program,” said SFU VP Research Joy Johnson. Canada also announced $2.7 M in funding for The Next 36, a national accelerator and incubator program that includes 9 Canadian universities as academic partners.

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