In the past, we have told you about our long-standing partnership with Wavefront, a non-profit business incubator located in Vancouver.
Today we announced a funding commitment of $4 million to Wavefront, Canada’s Centre of Excellence for Commercialization and Research, to drive growth of Canadian businesses in the areas of machine-to-machine (M2M) and the Internet of Things.
This means that over the next five years, we will connect thousands of early-stage wireless technology companies from across Canada with experts from Rogers and Wavefront to help build their businesses. We will also provide financial resources, wireless technology solutions and access to developer platforms to help businesses get their products and services to market.
Growing a strong Canadian wireless technology industry requires collaboration among organizations who support innovators and entrepreneurs. In partnership with Wavefront, Rogers is helping new businesses effectively commercialize, grow and enter new markets, by providing hands-on mentorship and programs like the Commercialization Support Program that help startups develop go-to-market strategies.
Our financial commitment to Wavefront will be matched by up to 50% by the Canadian Accelerator and Incubator Program (CAIP), a five-year program established by the Government of Canada to foster growth among the country’s startup community. Together, we will give technology businesses in Vancouver and across the country the tools and resources to help them drive growth in their business and compete on a national and global scale.
Over the past six years, Wavefront’s incubation and acceleration of technology businesses has resulted in thousands of new jobs in Canada, and contributed hundreds of millions of dollars to Canada’s GDP.
For more information on Wavefront, please visit: www.wavefrontac.com.