Manitoba: Business incubation programs get $500,000 boost
By CO Staff @canadaone | November 9, 2010
Manitoba -- Two business incubation programs have received a $500,000 boost from the provincial government.
The Eureka Project and Biomedical Commercialization Canada each received $250,000 in funding through the Manitoba Research and Innovation Fund.
Businesses that receive services from the incubators can receive supports such as business expertise, office space, support staff, computers and many other critical resources.
Support targets entrepreneurs in the following sectors:
- Nutritional and agricultural sciences,
- Information technology and gaming,
- Engineering and advanced materials, and
- Health, biotechnology and environmental solutions.
Approximately 20 companies are currently receiving services from these two organizations, said Energy, Innovation and Mines Minister Dave Chomiak.
"Manitoba's incubators help firms develop and commercialize innovative ideas and enter the market as financially viable and freestanding businesses," said Chomiak. "The incubators are really on the front lines of innovation by providing entrepreneurs with an array of targeted resources and services to support their work."
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