These founders will receive up to $100,000 in seed funding and work with innovation partners at Uvaro, SnapPea Design, Conestoga College, Innovate Niagara and WEtech Alliance to go from startup to scaleup
September 27, 2022—Windsor, ON— WEtech Alliance, in partnership with the Accelerator Centre, are pleased to announce three Windsor-Essex companies have been selected among 100 startups to participate in the first cohort of a new, regional-first hybrid venture studio program known as AC:Studio.
The innovative new program was launched in June with a $10 million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Through AC:Studio, the Accelerator Centre will work with these 100 early-stage companies across southern Ontario to provide up to $100,000 in critical seed funding along with mentorship and tactical supports delivered through its ecosystem partnerships.
The following regional companies have been selected for the first cohort of AC:Studio:
To view the full list of the 100 high-impact Canadian startups selected for the first cohort of AC:Studio, click here.
Quotes:
“The Waterloo Accelerator Centre and the AC:Studio Program is providing Canadian entrepreneurs with access to the tools, mentorship and support they need to grow and succeed in this important sector. Supporting economic growth through Canada’s technology sector is a priority for the Government of Canada.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
About the Accelerator Centre
At the AC, we exist to help ambitious dreamers impact global change through their businesses. The AC is ranked Canada’s #1 private business accelerator and is among the top five such organizations globally. We offer an extensive selection of customizable opportunities for startups across Canada—allowing founders to rapidly bring their innovation to life. We work with our global partners to bolster the innovation ecosystem in Waterloo and beyond.
About FedDev Ontario
For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in Southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.
About WEtech Alliance
WEtech Alliance is one of 17 Regional Innovation Centres funded by the Government of Ontario, serving the Windsor-Essex and Chatham-Kent regions. They provide entrepreneurs with business services, training, commercialization and IP support, mentorship, and strategic connections to help bring new ideas to market, scale to the next level and build a dynamic culture and a community of innovation. WEtech Alliance has served as the catalyst for technology and innovation in the Windsor-Essex and Chatham-Kent regions since 2011.
