Province Invests in New Business, Innovation
The province is investing $750,000 to help start-up businesses seize opportunities emerging from COVID-19. Business incubators Volta, Ignite and the Organization for Nova Scotia Innovation-Driven Enterprise (ONSIDE) will receive funding to help new businesses get off the ground. Funding through Innovacorp will support startup activities in Cape Breton, including an entrepreneur in residence, acceleration programs, training opportunities, a makerspace, mentorship and networking events.
As the province focuses on economic recovery, new start-ups and innovation-driven entrepreneurs will play an important role in restarting the economy. This investment will help drive the creation of new business and support innovative solutions as we adjust to the post-COVID reality.
Business incubators help start-up companies through a variety of support services, including physical space, access to technology, coaching, shared services and networking. Volta, Ignite and ONSIDE will also provide programs and supports focused on issues and challenges raised by the COVID-19 pandemic.