The Atlantic Canada Opportunities Agency is investing $280,500 in Nova Scotia Business Inc.’s Scaleup Hub Cambridge program, which allows Atlantic Canada startups to expand in and around the Boston area.
Over the next year, eight export-ready technology companies from Atlantic Canada will receive in-market support to increase export sales in New England. Services will include guided sales coaching, pre-qualified leads, and support services and market planning geared to driving export sales and building capacity.
Nova Scotia Business Inc. launched a pilot of the program last year. Participating companies will each contribute $10,000 towards costs. Nova Scotia Business Inc. will lead the project on behalf of the Atlantic Information and Communications Technology (ICT) Sector Export Team.
“The Government of Canada, through ACOA, works with organizations such as NSBI to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive,” said Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA. “NSBI’s scale-up pilot showed value and generated results in Nova Scotia, and I am pleased that the Atlantic Canada ICT Sector Export Team is expanding this opportunity to other innovative Atlantic Canadian exporters.”
The Canadian government said that Massachusetts is the second largest venture capital hub in the United States, and has the 12th largest economy in the world at $360 billion.
“I’m pleased to see Nova Scotian and Atlantic Canadian companies with the opportunity to increase export sales through this program,” said Stephen McNeil, Premier of Nova Scotia. “It’s a great example of how we are actively and strategically collaborating with our federal and Atlantic partners for an internationally competitive regional economy.”
Photo via Unsplash.