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Government funding to help local entrepreneurs working with incubators

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Good news for Sauder’s many entrepreneurs: the government of Canada has announced a pledge of $30 million to four startup accelerators based in Vancouver.

The funding will go to the BC Technology Industry Association (BCTIA), Wavefront, HIGHLINE and the UBC-based Centre for Drug Research and Development.

“This is great for Sauder’s entrepreneurs and those working with startup programs at Sauder and entrepreneurship@ubc,” says Instructor Paul Cubbon, one of the leaders of Sauder’s extensive network of resources helping to develop new ventures. “We have a strong and growing partnership with BCTIA which connects the UBC community to the B.C. startup ecosystem.”

Cubbon adds that a number of recent Sauder grads are building companies that already have more than 50 employees, so the funding money will help these alumni and the rest of B.C.’s entrepreneurial network create more jobs.

James Moore, Minister of Industry and Minister Responsible for British Columbia, announced the scale of the investments on November 21. The accelerators are now a part of the Canada Accelerator and Incubator Program, delivered by the National Research Council’s Industrial Research Assistance Program. Prime Minister Stephen Harper had already announced the selection of the four organizations in June.