SquareOne Initiative Kicks Off
July 7th 2014 at 11:43 AM
Nanaimo Daily News
July 5, 2014

SquareOne, the region's first technology incubator and coworking space, officially opened Friday at 38 Victoria Cres.

The new initiative, developed by the Nanaimo Economic Development Corporation in collaboration with Innovation Island, is an incubator centre for technology companies just beginning that will offer inexpensive accommodations for the small enterprises that will be fully wired, and also offer coaching and training to help them become larger and more viable.

Phil Kent, chairman of the Island Coastal Economic Trust, was at the launch of SquareOne Friday afternoon and announced that ICET will donate $50,000 towards developing programs and helping to pay for other services for the new companies and the entrepreneurs that run them.

Andrew Wilkinson, the province's Minister of Technology, Innovation and Citizens' Services, was also at the launch to lend his support to the initiative.

"With the launch of SquareOne today, entrepreneurs and startups in Nanaimo will have a central location where they can access the resources they need to succeed," said Wilkinson. "I'd like to thank Innovation Island, the Nanaimo Economic Development Corporation and the City of Nanaimo whose hard work has made this possible."

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