Gerald Keddy, Parliamentary Secretary to the Minister of International Trade, today launched a new Canadian Technology Accelerator (CTA) program in Boston for small, fast-growing companies from the life sciences and information and communications technologies (ICT) sectors.
The eight initial participants will undertake a three-month intensive program at the Cambridge Innovation Center (CIC) near the Massachusetts Institute of Technology, where they can access resources and mentoring by business leaders and venture capitalists. They will also benefit from a culture of collaboration, innovation and entrepreneurial inspiration among companies in the surrounding technology hub.
“The Harper government is committed to helping Canadian entrepreneurs and start-ups expand and succeed in dynamic new markets,” said Parliamentary Secretary Keddy. “I am pleased to launch this exciting new initiative that will enable our world-class companies from the life sciences and ICT sector to go global, which in turn will help create new high-value jobs back in Canada.”
“We are very excited to be working with the Government of Canada on this initiative,” said Tim Rowe, CIC’s founder and CEO. “The program Canada has created will benefit both the United States and Canada. It deepens the entrepreneurial ties between our nations, creates jobs and enables innovation across sectors, from medical device technology to social networking.”
Andy Osburn, CEO of Equals6, one of the selected companies, said he is thrilled to have been selected for the Boston CTA program and is thankful for the Government of Canada’s support. “We look forward to connecting with new customers, partners and investors as we continue to focus on the rapid expansion of Equals6 in the U.S. market,” he said.
“The Canadian Technology Accelerator program, modelled on our similar programs in New York City and Silicon Valley, has proven to be an effective way forward for ambitious, innovative Canadian companies,” said the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway. “In total, Canada has five CTAs focused on different sectors, and more than 170 Canadian companies have already benefited from the programs.”
“The Consulate General of Canada in Boston is delighted to welcome the first eight companies to Boston, where they will no doubt forge valuable relationships and expand their businesses while gaining new insight into both the U.S. and international markets,” said Consul General Pat Binns. “New England is a vibrant hub of innovation, research, and technology, which makes it the ideal location to launch a new CTA program.”
For more information contact:
Office of the Honourable Ed Fast
Minister of International Trade and Minister for the Asia-Pacific Gateway