Over the last couple of years, the Startup Zone has played an important role in many of the business success stories coming out of Charlottetown and the rest of the Island.
Its impact is measurable and still building. Staff and residents there have helped shape a diverse, new culture of entrepreneurship, an optimism in the wider business community and, in particular, shown young business leader the advantage of making the Island their home base.
That’s why I was pleased to announce almost $500, 000 in funding for the Startup Zone from ACOA.
Through its Business Development Program, ACOA provided a non-repayable contribution of $200, 767 to the Startup
Zone to provide on-site financial and business model support services in partnership with Island Capital Partners, to help companies prepare for investment and growth.
ACOA also provided $269,500 in operational support for the delivery of collaborative learning, mentorship services, community networking opportunities and human resources.
These investments build on the commitments made by our Government and the four Atlantic provinces to drive economic growth in the region through the Atlantic Growth Strategy, by supporting strategic initiatives and organizations that provide entrepreneurs with the tools they need to help start and grow a successful business.
I’m looking forward to seeing what the Startup Zone has in store for 2018.
Left to right: The Honourable Chris Palmer, Minister of Innovation and Tourism for PEI, Alex MacBeath of Island Capital Partners, MP Sean Casey, Shannon Pratt, Interim CEO of the Startup Zone, and Rafael Aguirre of resident company TopFeed.