Export Development Canada (EDC), Canada’s trade finance agency, and MaRS have announced a new partnership that will assist companies to do business outside of Canada.
EDC is a Crown corporation that works with Canadian companies to “go global.” The partnership between the two organizations will include special joint events, such as the popular “MaRS Mornings” series, as well as highlighting opportunities in emerging markets, and projects in the cleantech, health and ICT sectors.
Clive Witter, SVP of Insurance and EDC, noted, “EDC and MaRS have expertise that match well to support Canadian high-growth ventures in the cleantech, health and ICT sectors. This partnership will provide opportunities for Canadian small businesses in these fast-growing sectors to accelerate their growth and facilitate introductions to key players in their industries.”
Salim Teja, EVP of MaRS Venture Services, said, “This is a partnership built on our shared objective to increase global competitiveness of Canadian companies. I am confident that working together with EDC we will help Ontario’s most promising technology entrepreneurs explore more business opportunities abroad.”
This news follows a MaRS Data Catalyst Report from last year that indicated cleantech and health-related startups are receiving more attention and funding than information and communication tech (ICT) business.