Federal Government Announces Support for Women-led Businesses in the Waterloo Region
Through the Investing in Business Innovation initiative, FedDev Ontario is providing Communitech Corporation with support of up to $880,000 to launch the Fierce Founders Accelerator program. This program is designed to assist women-led early-stage innovative businesses in the Waterloo Region.
The Fierce Founders Accelerator program aims to increase the number of women-led companies in the Waterloo Region with the long-term objective of promoting and encouraging participation of women in the technology sector.
Communitech will run the Fierce Founders Accelerator program in four successive cohorts with about five companies each. Participating companies will receive:
- Up to $30,000 in seed financing, matched by the business; and
- Up to $10,000 in training, mentorship and business services; and
- Rent-free workspace at Communitech for six months.
Communitech will accept online applications from entrepreneurs across southern Ontario.
Further details are available on the Communitech website.
Communitech is an innovation centre in the Waterloo region that supports a community of more than 1,000 tech companies—from startups to rapidly growing mid-size companies and large global players. A member of the Ontario Network of Entrepreneurs, which is funded by the Ontario Government, Communitech helps tech companies start, grow and succeed.
FedDev Ontario's Investing in Business Innovation Initiative
The Investing in Business Innovation (IBI) initiative aims to strengthen the innovation ecosystem in southern Ontario. It helps new entrepreneurs become investment-ready through seed financing and skills development. It helps early-stage businesses with a product or service to further develop and bring it to market.
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