Canada Accelerator and Incubator Program
Delivered by National Research Council – Industrial Research Assistance Program, The Canada Accelerator and Incubator Program (CAIP) provides funding to a limited number of outstanding accelerators and incubators.
The contributions support incremental activities that expand the overall service offerings to early-stage firms and entrepreneurs, and promote a higher output of SMEs that are investment-ready and able to develop into sustainable, high-growth businesses.
Western Economic Diversification Canada
A department of the Government of Canada, Western Economic Diversification Canada (WD) was established in 1987 under the provision of the Western Economic Diversification Act. WD is headed by the Honourable Lynne Yelich, Minister of State for Western Economic Diversification. WD works to improve the long-term economic competitiveness of the West and the quality of life of its citizens by supporting a wide range of initiatives targeting three inter-related strategic outcomes – innovation, business development and community economic development. Together, these three priorities create a foundation to build the prosperity and competitiveness of the West in the 21st century.
Wesley Clover is in the business of building businesses. With active interests in networking and telecommunications, Wesley Clover has an outstanding and enviable track record in creating new companies and making strategic investments in high-growth industries. Current investments, in both public and private companies, address 4G wireless evolution and IP and unified communications. As an angel investor in new technology start-ups, Wesley Clover has developed a unique model that leverages the many decades of experience and knowledge of a veteran management team while creating career and business opportunities for selected college and university graduates as well as experienced professionals.
MITACS Accelerate is a national internship program managed by MITACS which connects companies and other organizations with the vast research expertise in Canada’s universities from applied sciences, engineering, social sciences and business to arts, life sciences and much more. Accelerate is run in partnership with a consortium of leading Canadian research organizations.
University of Victoria
Students enrolled in Entrepreneurship@UVic in collaboration with the Alacrity Foundation will work on an accelerated schedule earning their Masters of Applied Science degree while also completing their Business Diploma.
Engineering Entrepreneurship@UVic spans a total of five semesters. All required engineering and business course work is completed during the first two semesters. During the second semester, the team also works closely with Wesley Clover to select a project that will become the basis of their Masters thesis and, at the end of the fifth semester, the possibility of a new company. Semesters 3, 4 and 5 involve intense completion of the technical basics, laying the foundations of the technology that will become the core of the new company. As this technology is to be motivated by the market, this will involve extensive interactions with customers and Wesley Clover. During the fifth semester, the team will also write and defend a Masters thesis. Upon completion, the student team, advisors, Wesley Clover, and the Foundation make a decision hopefully to incorporate the new company with the students as co-owners.
One of the key factors for the successful launch of a new company is the connection to customers and market channels to those customers. Therefore, the subject matter will be focused primarily on software targeting broadband, enterprise, and mobile applications – areas for which Wesley Clover’s broad network of companies and affiliates can be of strongest value.