As part of the Canada Accelerator and Incubator Program (CAIP), the Government of Canada of Canada announced plans to invest $31.4 into four British Columbia incubator and accelerators over the next five years. The government noted in its press release that these funds will be allocated to help with “resources and expertise needed to develop their business plans and seek follow-on financing.”
The four chosen organizations are:
– BC Technology Industry Association will receive up to $10.4 million over the next five years
– HIGHLINE, formerly GrowLab Ventures Inc. and Extreme Startups, will receive up to $600,000
– Wavefront Wireless Commercialization Centre Society will receive up to $9.5 million over the next five years
– The Centre for Drug Research and Development (CDRD), in collaboration with CDRD Ventures Inc. (CVI), will receive up to $10.9 million over the next five years.