Brampton providing assistance for local startups

Published September 25, 2020 at 2:48 pm

The City of Brampton is working to provide support for local businesses and startup companies.

The City of Brampton is working to provide support for local businesses and startup companies.

On September 22, Brampton City Council announced it had entered into a partnership with the Founder Institute, a global accelerator firm providing support to high-potential, early stage companies.

The addition of the Founder Institute is intended to further develop Brampton’s downtown Innovation District, which will provide supports for entrepreneurs and businesses through every stage of their journey.

The Founder Institute has worked with more than 4,300 companies that have raised in excess of $950 million, and has helped create approximately 25,000 jobs globally.

The partnership will also provide scholarships for Brampton Entrepreneurs participating in the program, as well as create a mentor network composed of investors, entrepreneurs and executives.

“As we emerge from this pandemic and restart our local economy, we welcome entrepreneurs and potential investors to locate in our city and join our growing Innovation District. The Founder Institute will help us attract international startups to Brampton, which will contribute to our economy and create jobs. We are thrilled to welcome the Founder Institute as we work towards providing supports to businesses at every stage of their journey,” Mayor Patrick Brown said in a news release.

“With our prime location in the middle of Canada’s Innovation Corridor, Brampton is growing its ecosystem with the goal of becoming a global leader in innovation. Our staff are committed to building partnerships, like this one with the Founder Institute, and putting the necessary conditions in place to make Brampton an optimal location for entrepreneurs and businesses,” David Barrick, chief administrative officer for the City of Brampton, said in the same release.

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