Applications accepted for downtown business incubator

The City of Greater Sudbury is accepting applications for its downtown business incubator, called Innovation Quarters

Entrepreneurs passionate about growing their tech startups are encouraged to apply for various supports through Innovation Quarters, the downtown business incubator.

Applicants can receive things like mentorship opportunities, office space, and personalized programming through the Incubator Establishment, a partnership between the City of Greater Sudbury, the Northern Center for Advanced Technologies, and the Greater Sudbury Chamber Commerce.

“Our community is home to so many talented people with great ideas, and the Innovation Quarters will give them the support they need to cultivate those ideas and write their own success stories,” said Mayor Brian Bigger in a news release issued by the city. .

“This space is a collaborative and accessible ecosystem that fosters innovation and helps entrepreneurs quickly jumpstart building the economy of the future. Investment in entrepreneurship is investment in job creation, and I wish our first round of applicants the best of luck.”

The 12-month business incubator program will provide participating businesses with:

  • Affordable and collaborative office space located in the center of the city.
  • One-on-one mentoring from experienced mentors and community leaders.
  • Connections with business advisors, professionals and government financing programs.
  • Professional development workshops, seminars and specially selected networking opportunities with potential new clients, investors and collaborators.
  • Marketing and media exposure through IQ programming.
  • Collaboration opportunities with like-minded local innovators.

Applicants will be accepted by completing a multi-stage application process, which includes an interview with a selection committee. They must demonstrate that they are a technology company with high growth potential and a commitment to participate in programming, including regular check-ins with staff and mentors to review milestones and progress.

“After months of planning and preparation, we look forward to welcoming our first round of entrepreneurs to Innovation Quarters later this spring,” Greater Sudbury Development Corporation Board President Lisa Demmer said in the release. press.

“This collaborative space will provide our local innovators with essential skills, connections, mentorship and learning opportunities to help drive their business forward. We are proud to support the establishment of this new incubator as a strategic initiative aimed at spurring economic growth, job creation and downtown revitalization.”

The city is hosting two virtual business incubator public information sessions, April 26 at 12:00 pm and May 11 at 6:00 pm Both sessions will provide detailed information about the program and the opportunity to make questions.

Applications for the program are open between April 19 and May 15 and the first cohort of the program is scheduled to begin June 20.

The city council approved $1.16 million for the program over the next four years, with additional investments made by FedNor and the Greater Sudbury Chamber of Commerce. More information about the program can be found by visiting Innovation or by calling Innovation Quarters at 705-688-3918.

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