A Winnipeg small business incubator is in the running for a substantial funding boost that will let it expand its physical space, hire more executive support staff and help more young companies gain a strategic advantage.
It was announced this morning that Manitoba Technology Accelerator (MTA) (formerly called Biomedical Commercialization Canada) is one of the 15 organizations across the country that have been chosen to advance in the selection process under the federal government’s Canada Accelerator and Incubator Program (CAIP).
The federal government has budgeted $100 million over five years to support these organizations.
Marshall Ring, the chief executive officer of the MTA said, "We are really pleased to have progressed to this stage of the process. The integration into an emerging national network of high performing incubators and accelerators can only provide more opportunities for our client companies".
The MTA helps promising technology start-ups go from the "good idea" stage into a potentially "investable business".
Located in Winnipeg’s Innovation Alley in the West Exchange District, MTA is currently providing mentoring, financial and investment support and office space for such promising young companies as Skip the Dishes — a high tech firm that manages delivery services for hundreds of restaurants across the country — and Advolve Media — a new digital imaging technology that uses mirrors as the medium for the image projection.