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WD Provides $2.2 Million to BC Tech Association for Scale-Up Programs, and Continuation of HUB Event and Co-Working Space
Thursday, August 29, 2019
HUB Event and Co-Working Space
Vancouver, BC, August 29, 2019--(T-Net)--The Government of Canada through Western Economic Diversification Canada (WD), today announced $2.25 million in funding to support the BC Tech Association to deliver programming and incubator services for companies in the technology sector.
The funding will allow the BC Tech Association to deliver on two priorities.
The first is to develop and deliver a suite of programs that will accelerate the scale-up of technology companies and support technology adoption by non-technology companies. This initiative will address an identified need to help entrepreneurs who wish to scale-up to overcome business challenges like insufficient access to advice, financing, and new markets.
BC Tech's second priority is to ensure continued access of technology companies to the Hub. Established in 2014, the Hub is a supportive environment where companies can focus on getting products to market and increasing revenues. It provides a curated event space for the tech community to come together to network, collaborate and learn.
Funding will allow BC Tech to continue to operate the Hub and help start-up firms grow into anchor companies that will strengthen the backbone of BC's vibrant tech community.
"Investing in BC Tech ensures that companies with high-growth potential receive the support they need to spur growth and create good middle class jobs for Canadians. These projects will deliver long-term value to British Columbia'stechnology ecosystem and will help propel Canada forward as a digital innovation leader." said Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for Western Economic Diversification Canada
"BC Tech is dedicated to making BC the best place to grow and scale a tech company and to accelerate the adoption of technology across BC's economy. Today's investment by the Government of Canada strengthens BC's tech ecosystem by enabling us to provide companies with the programs, support, place and services they need to grow, export, scale and thrive on a global stage." stated Jill Tipping, President & CEO, BC Tech Association.
Additional Links
For further information: Ben Stanford, Regional Communications Manager, Western Economic Diversification Canada, 604-365-8050, ben.stanford@canada.ca; Kathleen Reid, 604-724-1242, media@wearebctech.com
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