City investing more than $20 million in Brampton Innovation District
Published October 18, 2021 at 1:04 pm
The City of Brampton is investing more than $20 million in the local economy through the Brampton Innovation District.
The Innovation District, located downtown, provides entrepreneurs with resources to help them build their businesses including business incubation, post-secondary training, and accelerator spaces such as Brampton Entrepreneur Centre, BHive Brampton, the Ryerson-led Venture Zone, Altitude Accelerator, the Founder Institute, Algoma University, and the Rogers Cybersecure Catalyst Headquarters and Accelerator.
In addition to the $20.5 million from the City, Innovation District partners have committed to providing an additional $55.2 million in funding.
Some partners committed to building the Innovation District include Sheridan Edge, the Brampton Board of Trade and Downtown Brampton BIA.
To date, more than 12,000 participants have attended 3,288 sessions, workshops and events hosted by the City, along with Innovation District partners, which were geared towards encouraging and fostering innovation, technology, and entrepreneurship in the Innovation District.
“Brampton is in the midst of an exciting transformation, and together with our partners, we are putting the necessary building blocks in place to develop our Innovation District into a major education and innovation hub,” Mayor Patrick Brown said in a news release.
“As we continue to navigate this next phase of the COVID-19 pandemic, we are promoting a dynamic startup community, developing local talent and supporting entrepreneurs, and advancing economic recovery for our residents and businesses. Brampton is truly emerging as a global leader in innovation.”
Cover photo courtesy of InvestBrampton via Twitterinsauga's Editorial Standards and Policies