June 27th, 2017
Innovation Cluster – Peterborough and the Kawarthas will benefit from an investment announced today by the Northumberland Community Futures Development Corporation (CFDC) and the Honourable Maryam Monsef, Minister of Status of Women and Member of Parliament for Peterborough–Kawartha.
The Northumberland CFDC is pleased to support this organization with an investment of $200,000 under the Eastern Ontario Development Program’s Collaborative Economic Development Projects (CEDP) stream, with a total project cost of up to $400,000 to expand the incubation program. The investment will support the creation of up to 80 new full-time startup positions, which will benefit rural Eastern Ontario.
With a focus on incubating innovation and empowering entrepreneurs, Innovation Cluster – Peterborough and the Kawarthas assists technology-based, innovation-focused entrepreneurs by supporting new company formation and development. Focused on four key sectors, cleantech, agtech, healthcare and digital, the Innovation Cluster’s dynamic programming ensures that startups find their best path to market. The funding will assist in the development of a makerspace lab for CleanTech located at Trent University as well as growth and expansion to support their current program offerings.
The Innovation Cluster operates full-service business incubators at two locations; Trent University and The Cube, in downtown Peterborough.
“Innovation is a central priority for our government, so I am proud to see organizations like the Innovation Cluster – Peterborough and the Kawarthas receive support to expand their incubation programming. We have a wealth of young, enthusiastic, and hard-working talent in our region, and it will benefit us all to empower this next generation of business leaders and job creators”– Maryam Monsef, Minister of Status of Women and Member of Parliament for Peterborough-Kawartha
“Having a local resource like the Innovation Cluster – Peterborough and the Kawarthas is a phenomenal asset for startup entrepreneurs. Being able to source and have the support of in-house incubation, networking, participatory learning and mentoring under one roof is exactly the ecosystem young entrepreneurs need to succeed and sustain.” – Wendy Curtis, Executive Director, Northumberland CFDC
About Northumberland CFDC
Northumberland CFDC is an independent business development organization focused on supporting innovation and entrepreneurship as pathways to economic development and diversification. Working in collaboration with the 14 other CFDCs of Eastern Ontario, Northumberland CFDC is driving the delivery of the CEDP stream of the Eastern Ontario Development Program, an initiative from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
About the Eastern Ontario Development Program (EODP)
The Eastern Ontario Development Program (EODP) is a $48-million initiative that advances economic development in rural eastern Ontario. Through EODP, FedDev Ontario is collaborating with Community Futures Development Corporations (CFDCs) in eastern Ontario and Community Futures Ontario East to promote the growth of new and existing businesses in rural communities.