Published by: BC Newsroom
Written By: Amrik Virk
Minister of Technology, Innovation and Citizens' Services
MENTORSHIP TAKES TECHNOLOGY VENTURES TO THE NEXT LEVEL
NANAIMO- British Columbia’s technology sector is leading Canada with its high-tech revenue growth, landing us among the top provincial performers. In fact, technology is B.C.’s second-fastest private-sector job creator.
This is undeniably great news, but it did not happen by accident. It is due in part to the invaluable support and guidance that are provided to early-stage technology companies.
Here in Nanaimo, Solaris SunPump, Cloudhead Games and Firebozz are just a few examples of local companies that have gone from a startup to achieve national recognition. Part of their success can be attributed to the support they received from Innovation Island, a local technology association that assists and counsels entrepreneurs and startups.
Innovation Island is a regional partner with the BC Innovation Council (BCIC), a government Crown Agency dedicated to supporting start-ups and entrepreneurs and assist with the movement of product into the marketplace. It offers many programs, including its signature Venture Acceleration Program (VAP).
Initiated in 2011, VAP is now delivered by 13 regional partners and a team of 31 Executives in Residence (EIRs) who are experienced entrepreneurs that have successfully grown their own startups and can provide first-hand business knowledge and expertise to future entrepreneurs.