Innovation fund aimed at promoting entrepreneurs from the north

Innovation fund aimed at promoting entrepreneurs from the north

NORTH BAY – A new fund is available to support promising early-stage startups in the North Bay.

The Entrepreneurial Innovation Fund, an initiative of Canadore College, has $300,000 available to “start, support and harness innovation and entrepreneurship in Northern Ontario”.

One of the eligibility requirements is that the projects include the participation of Canadore students and/or faculty and staff.

“This initiative provides an opportunity to increase innovation and elevate sustainability in Northern Ontario communities while expanding inclusion, diversity and accessibility,” according to a statement from Canadore.

“More specifically, the Business Innovation Fund provides qualified Canadore faculty, staff and students with unique funding that drives productivity and innovation in Northern Ontario communities.”

To be considered, project ideas must demonstrate how the funding will accelerate growth or support innovation and sustainability in Northern Ontario. Applications must describe how Canadore students or staff will be involved, along with a commitment to foster community development.

Applications for the fund are now being accepted through February 3 at 12 p.m.

The fund is an initiative of the Canadore Entrepreneurship Academy, which was announced in 2021.

Described as the first of its kind in Canada, the academy’s specialized business programming aims to steer more students towards entrepreneurship.

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