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Minister Clement Talks Innovation With Startup Edmonton

Apr 4 2013 12:00AM

Marketwire

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EDMONTON, ALBERTA -- (Marketwired) -- 04/04/13 -- The Honourable Tony Clement, President of the Treasury Board, today visited Startup Edmonton's downtown campus to highlight the Government of Canada's support for business innovation and entrepreneurship, and hear from leading-edge start-ups what they need to succeed and thrive.

"High-impact, fast-growing start-up companies are crucial to job creation and Canada's long-term prosperity," said Minister Clement. "Organizations like Startup Edmonton are dynamic hubs for unleashing Canada's entrepreneurial potential. Our Government is a strong supporter of the start-up community. Investing in start-ups is an investment in our future."

Economic Action Plan 2013 includes a number of initiatives targeted at fostering innovative new businesses:

-- $60-million to help high-potential incubator and accelerator organizations expand their services to entrepreneurs;-- $100-million through the Business Development Bank of Canada to invest in firms graduating from business accelerators;-- $20-million to help small and medium-sized enterprises access research and development services at universities and colleges; and-- $18-million to the Canadian Youth Business Foundation to help young entrepreneurs grow their firms.



"Canadian entrepreneurs have amazing potential," said Ken Bautista, Co-Founder/CEO of Startup Edmonton. "Our role is to help them see not only the opportunities that are out there, but also show our support in actively seeing ideas become realities. Any help the Government of Canada can provide supporting accelerators and accessing talent through the Startup Visa Canada program helps pave the way for start-ups to grow big - from Canada."

Startup Edmonton is a combined campus, co-workspace and accelerator launched in 2009 with a vision of making Edmonton a "hotbed for creativity and entrepreneurship." The organization's activities include hackathons, an accelerator program that provides support for prototypes and market testing, as well as boot camps for building start-ups.

IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.

TTY (telecommunications device for the hearing impaired) - 613-957-9090

This news release is available at www.tbs-sct.gc.ca.

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Contacts:
Matthew Conway
Press Secretary
Office of the President of the Treasury Board
and Minister responsible for FedNor
613-957-2666

Media Relations
Treasury Board of Canada Secretariat
613-957-2640





Source: Marketwire


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