Entrepreneurs in the Okanagan will potentially have access to hundreds of thousands of dollars thanks to a government grant.
Accelerate Okanagan, which runs the OKGN Angel Summit, has been handed up to $213,000 in funding by the National Research Council of Canada Industrial Research Assistance Program.
The cash will support the project, which helps entrepreneurs win investment for their start-ups, for the next two years.
“Investments like this help support entrepreneurs in Canada’s technology and innovation sectors,” says Brea Lake, Acting CEO of Accelerate Okanagan.
“Based on the success of our inaugural OKGN Angel Summit, we have no doubt that this funding will have a significant impact on the OKGNtech community for years to come.”
Programs manager Thuy Tran, meanwhile, said Accelerate Okanagan has been “blown away” by the “resounding impact” of the project.
“Not only was the OKGN Angel Summit responsible for a $130K investment in Kelowna-based company Trellis, but it was also the catalyst for more than $4M in committed investments with multiple participating startups,” said Tran.
“We knew this Summit would be an amazing opportunity to connect local investors with local startups but we are blown away by the resounding impact of this project and overwhelmed by the amount of community support we have been able to attract”.
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