Charlottetown – The Government of Canada understands that collaboration and mentorship are key to creating a successful and sustainable ecosystem for businesses at all stages. In Prince Edward Island, a newly established tech and business hub will serve as a vital resource to tech entrepreneurs across many sectors looking to scale, innovate, and adapt.
Building a community of innovation in P.E.I’s tech industry
Sean Casey, Member of Parliament for Charlottetown, attended the opening of The Foundry, where he announced a Government of Canada investment of $855,000 for the PEI IT Alliance. The announcement was made on behalf of Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
The funding will support the delivery of essential programming and mentorship services to advance the province’s tech industry. The Foundry will provide state-of-the-art facilities and resources to its members, as well as workshops, and networking opportunities to connect entrepreneurs with industry leaders, investors, and potential partners.
The Province of PEI, through Innovation PEI, is also supporting the project with $712,500. This announcement highlights the Government of Canada’s support for businesses in rural and urban regions across the country, and commitment to providing entrepreneurs with the tools and resources needed to contribute to Canada’s thriving digital economy.
“Atlantic Canadian businesses are making big moves in a competitive global economy. Thanks to the support of local organizations like the PEI IT Alliance, we can be sure that our next generation of Island tech entrepreneurs will thrive. ACOA will continue to be there to help you grow and innovate so we can keep creating good jobs right here at home.” – Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency