Feds Invest $1.06 Million in Manitoba Technology Accelerator

The government of Canada has invested $1.06 million in the Manitoba Technology Accelerator (MTA). Shelly Glover, Minister of Canadian Heritage and Official Languages and Minister Responsible for Manitoba, on behalf of the Honourable Ed Holder, Minister of State (Science and Technology), today announced the funding.

The MTA will receive up to $1.06 million in funding over the next five years, providing local entrepreneurs with resources and expertise. It’s not much in the grand scheme of things: just $212,000 every year. But its cash that will be put to good use, particularly towards Manitoba-based entrepreneurs who have slim pickings when it comes to venture capital and angel financing options in the area.

“Our Government’s investment in the Manitoba Technology Accelerator will help ensure that Manitoba’s brilliant young entrepreneurs and innovative businesses are able to access the resources they need to grow, innovate and create jobs without having to leave our community,” said Glover. “This is just one example of how our Government is strengthening the business innovation capacity in communities across Canada.”

The MTA was named alongside 14 other technology incubators and accelerators on June 20, 2014, as part of the the selection process for CAIP, which is designed to help outstanding small and medium-sized Canadian enterprises to “grow, prosper and create jobs.”

The MTA, meanwhile, is a not-for-profit business accelerator located in Winnipeg that offers startups assistance in commercialization support. The MTA also adds value to its clients in three categories: (1) Facilities and Infrastructure; (2) Mentoring and Management; and (3) Finance and Investment Opportunities.

Photo by the Winnipeg Free Press