A cash boost for a program that boosts local business was handed out to the Rossland-based Kootenay Association for Science and Technology.
The Southern Interior Development Initiative Trust (SIDIT) provided part of its $244,250 funding to KAST for their offering of the B.C. Venture Acceleration Program.
Launched by the BC Innovation Council (BCIC) in September 2012, this structured venture growth program helps B.C. tech entrepreneurs accelerate their growth.
The B.C. Venture Acceleration Program is designed to guide, coach and grow ambitious early-stage technology entrepreneurs and effectively grow their technology ventures.
The program helps entrepreneurs accelerate the process of defining a proven business model based on a set methodology and set of best practices for growing technology companies.
The goal of the program is to drive economic development and job creation in the province of BC by accelerating the commercialization of technology, resulting in the rapid growth of technology ventures.
The Venture Acceleration Program is delivered by a team of executives in residence (EIRs) and supported by a province-wide network of mentors through the BCIC mentor program.
Together, they make up the BC Acceleration Network, an alliance of regional partners, EIRs and executive-level mentors. This program is funded by BCIC in partnership with the Southern Interior Development Initiative Trust.
About the BC Innovation Council
BCIC accelerates the commercialization of technology in the priority sectors of the BC Jobs Plan, through the support of startups and the development of entrepreneurs.
Together with its partners, BCIC delivers programs and initiatives that promote startup growth and speed to market, resulting in jobs, revenue and economic development.
BCIC is a Crown Agency of the Province of British Columbia.