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Fed govt. announces funding for Innovation Hub in Mississauga


Last week Minister of Innovation, Science and Economic Development Navdeep Bains and Minister responsible for FedDev Ontario, along with Omar Alghabra, MP for Mississauga Centre, announced that FedDev Ontario is investing $1.5 million to provide a broader range of entrepreneurial support and services at the EDGE (Entrepreneurship Discovery and Growth Engine) –Sheridan College’s innovation hub located at the Hazel McCallion Campus in downtown Mississauga.
The EDGE is a collaborative space where innovators can get resources, such as mentorship, networking and skills development, and gain access to financing to help start and grow their businesses. Originally focused on student-led ventures, the EDGE is now expanding its programming to include entrepreneurs across the Mississauga region with FedDev Ontario funding.
This funding will be used to deliver new mentorship programming, create new workshops and education programs, and provide support targeted to the needs of the region. Through this project, 60 high-potential companies will be supported, over 80 industry partnerships will be established and strengthened, and 70 jobs will be created and maintained in the Mississauga region.
Established in partnership between Sheridan College, the City of Mississauga and Ryerson University, this initiative is strengthening Mississauga’s role in the innovation network to bridge the Toronto–Waterloo corridor.
This project is in line with creating a culture of entrepreneurship and strengthening innovation ecosystems, which is part of the Government’s Innovation and Skills Plan a multi-year strategy to create good jobs and ensure Canadians have the skills to succeed.

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CanIndia News Online Editor

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