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Innovation & Job News

Toronto-based Innovation Accelerator will give three start-ups a Silicon Valley crash course

Rick Nathan is the managing director of Kensington Capital and co-chair of the Canadian Innovation Exchange (CIX) conference. "What we're trying to do at CIX is strengthen commercialization in the technology sector in Canada," he says of the mandate of the organization behind the annual meeting of Canada's best and brightest technology innovators.

Last week, CIX announced a new program to further that mission, called the Canadian Technology Accelerator. "It can be a challenge, when you're in Toronto, to break into the whole Silicon Valley culture of get noticed. This program is a great chance for an emerging tech company to jump into the heart of Silicon Valley for three months," Nathan says.

The program, run in conjunction with the federal government's Department of Foreign Affairs and International Trade and with the Consulate General in San Francisco, will give three early-stage Canadian tech firms the opportunity to spend three months working, rent free, out of the Plug and Play Tech Centre in California.  Nathan says the companies will have improved access to Silicon Valley venture capital and an opportunity to establish a presence in the Bay Area, the heart of North America's digital sector.

Writer: Edward Keenan
Source: Rick Nathan, co-chair, Canadian Innovation Exchange
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