Eighteen Victoria technology companies have been awarded funding through the Victoria Innovation, Advanced Technology and Entrepreneurship Council’s BOOST initiative, designed to help accelerate their growth and impact.
BOOST supports “high-potential” local companies to scale faster by funding key projects and connecting them with experts who can work directly with their business for up to two years. In its first two rounds, BOOST invested $654,000 in 18 Victoria companies.
“These are companies that already show strong potential,” says Dan Gunn, CEO of VIATEC. “BOOST is about helping them scale faster, create more jobs, stay rooted in this region and break through to the next level. Instead of forcing them into a one-size-fits-all program, we give them the freedom and investment to pursue their own growth strategies, with the right support behind them.”
The Government of Canada, through Pacific Economic Development Canada, is investing $2.5 million in BOOST via the Business Acceleration Pilot to drive job creation and economic growth in Greater Victoria. Each company can receive up to $45,000 to implement growth plans and expand into new markets.
To learn more about the BOOST recipients or the next round of funding, visit viatec.ca.
