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Regional funding for Project Jumpstart

York Region is showing international and women-led tech entrepreneurs the money by committing $1,080,600 over three years to Project Jumpstart.

The funding promises to help increase local employment and economic growth, promote equity and diversity, and expand business and entrepreneurship guidance and resources for York’s northern six municipalities.

Project Jumpstart extends the reach of the York University/Schulich and Treefrog partnership to attract new innovation/tech-centric businesses. Its sector focus aligns with York’s key economic clusters, including information and communications technology, life sciences and health technology, automotive technology, and agriculture and agri-food.

Jumpstart will give York its own International Entrepreneurs Accelerator that builds on the success of Accelerate Newmarket. It will welcome 50 participants a year for three years and promises to create 210 jobs. Participants will prepare for national expansion through workshops, mentorship with key Canadian stakeholders, as well as skills to make a seamless transition to York Region.

Additionally, Jumpstart will give the Region a women-focused incubator program with a primary focus on the northern six municipalities and builds on the success of YSpace ELLA. It will welcome 20 participants each year for three years to create 90 new jobs. The program will host two annual breakfasts that promise to attract investors and others to create a networking experience for stakeholders, which include York Small Business Enterprise Centre, York Angels, ventureLAB and Seneca HELIX.

For more information on economic development and available resources to grow a business, visit YorkLink.ca.

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