Saturday, July 4th13.5°C
26932

Funding for local Tech company

A local Okanagan company has received up to $200,000  to deliver new programming services that will support the growth of early to mid stage technology companies.

The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) presented Accelerate Okanagan with the grant for their  "Traction Program", which targets companies that have validated their products or services, are generating revenue and are committed to high growth. 

With participation in the program, companies will receive access to executive level expertise through the embedded executive service, workshops and training opportunities with a particular focus on highly scalable business model development.

Jeff Keen, CEO of Accelerate Okanagan believes that the majority of high-tech SMEs are significantly challenged with the creation and execution of scalable business model strategies and preparing their businesses for significant growth.

"The Traction Program will provide a new set of expert services targeted to meet these needs," he claims, " Once accepted into the program, an Executive in Residence (EiR) will be assigned to the company to identify major gaps and pain points within the organization, create and deploy single focus action plans to move the company forward and provide ongoing assessment and accountability to ensure the company is meeting mutually agreed milestones.”

Program Director for Accelerate Okanagan Braden Messenger says core components of the program will centre on entrepreneurial development and education with a particular focus on scalable business model development, sales & marketing strategies and strategic planning. 

“We are very pleased to benefit from the support of NRC IRAP on this exciting initiative because of the significant impact it will have on the participating organizations, job creation and the continued diversification of the local economy," Messenger says.

Accelerate Okanagan is a technology focused not-for-profit, formed in December of 2010 which helps to increase the numbers of technology companies that start and grow in the Okanagan.



Read more Business News

26594


Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 



25354

FEATURED Property
23454531064 westminster ave east
5 bedrooms 4 baths
$725,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_



26370




Member of BC Press Council


26906