Today's News |
Government of Canada Announces Shortlisted Organizations for Canada Accelerator and Incubator Program (CAIP) - 3 in BC
Friday, May 3, 2024
Vancouver, BC, June 20, 2014--(T-Net)--Prime Minister Stephen Harper today announced the organizations that have been chosen to advance in the selection process for the Canada Accelerator and Incubator Program (CAIP), which is designed to help outstanding small- and medium-sized Canadian enterprises to grow, prosper and create jobs.
Three of the shortlisted organizations are local from within British Columbia, including:
Prime Minister Harper made the announcement at Communitech, a hub for the commercialization of innovative technologies in Waterloo, Ontario. The Prime Minister was joined by Ed Holder, Minister of State (Science and Technology), Peter Braid, Parliamentary Secretary for Infrastructure and Communities and Member of Parliament for Kitchener-Waterloo, and Stephen Woodworth, Member of Parliament for Kitchener Centre.
Business accelerators and incubators provide innovative, early-stage entrepreneurs with resources, facilities and expertise to help them develop their business plans and seek follow-on financing. They play an important role in the venture capital system, helping innovators gain strategic advantage in a competitive international marketplace, according to the government.
In 2013, the Government of Canada established CAIP to help accelerators and incubators deliver their services to promising Canadian firms.
CAIP is delivered on behalf of the Government by the National Research Council's Industrial Research Assistance Program (NRC-IRAP), which evaluated all proposals based on strict eligibility and selection criteria. Eligible proposals were then presented to the independent Canadian Venture Capital Expert Panel for their review and recommendations. NRC-IRAP is conducting a thorough due diligence process to establish contribution agreements with the selected organizations.
The following organizations have been chosen to advance in the selection process under the CAIP:
Quick Facts
“It is critical for Canada's small- and medium-sized businesses to harness innovation and get their ideas to the marketplace so that they can grow, create jobs and contribute to the economy. Accelerators and incubators have the experience, tools and know-how to help get small Canadian start-up businesses up and running. Our Government is pleased to be supporting private sector-led initiatives that further strengthen our venture capital market.” said Prime Minister Stephen Harper.
About the National Research Council
The National Research Council (NRC) is the Government of Canada's premier organization for research and development.
NRC partners with Canadian industry to take research impacts from the lab to the marketplace, where people can experience the benefits. This market-driven focus delivers innovation faster, enhances people's lives and addresses some of the world's most pressing problems. We are responsive, creative and uniquely placed to partner with Canadian industry, to invest in strategic R&D programming that will address critical issues for our future.
Other Recent Company News |
|||||||||||
|