News

ventureLAB receives funding from FedDev Ontario for hardware lab and incubator

June 27, 2019

ventureLAB receives funding from FedDev Ontario for hardware lab and incubator

Today, the Honourable Mary Ng, Minister of Small Business and Export Promotion and MP for Markham-Thornhill, announced at ventureLAB’s AGM, a $5 million investment by the Government of Canada, to create a new incubator and lab that supports southern Ontario silicon and hardware-focused companies to scale locally and compete globally.

The Hardware Catalyst Initiative (HCI) will be Canada’s first hardware and silicon-focused lab, designed to help accelerate development cycles and close gaps faced by SMEs.

Silicon and hardware are the building blocks of transformational technologies like artificial intelligence, quantum computing, autonomous vehicles, and more. Many companies rely on hardware advancements to enhance product service delivery that impact Canadians, like remote care services and smart energy. The HCI will enable technology companies to accelerate the development of hardware and technology platforms to power the software and apps being developed in southern Ontario, for national and global scale.

Canada — and in particular, York Region — has a rich history in silicon pioneering. From ATI Technologies to Nortel, the HCI will build on the region’s existing hardware and deep technology expertise to expand capacity for the sector and strengthen Canada’s position as a global leader in transformational technologies.

The HCI will support 40 companies in key sectors including Digital Media & ICT, Advanced Manufacturing, Health, and Environment, create 200 jobs, and increase access to capital for hardware and silicon SMEs.

Read the News Release.

Sign up for our newsletter to receive updates on the Hardware Catalyst Initiative.

ventureLAB and Silicon Catalyst partner to expand hardware and silicon ecosystem in Canada

September 14, 2020
ventureLAB News

Entrepreneurship and Innovation Fund to develop innovative solutions in York Region

July 13, 2020
Community news

ventureLAB announces appointment of industry leaders and founders to Board of Directors

June 11, 2020
Success Stories

2019 Annual Review

May 29, 2020
Community news

Navigating COVID-19: Resources for Your Business

March 18, 2020
Community news

COVID-19 Update

March 16, 2020
ventureLAB News

ForaHealthyMe Completes Research Project On Adaptive Activity For Seniors

March 10, 2020

Reducing Unconscious Bias through Tech Undivided

March 9, 2020
Advanced Manufacturing

Tech Undivided – Introducing the Inaugural Cohort & Strategic Mentor Network

February 27, 2020
Community news

Transformative Solutions Made in Markham – ventureLAB Launches the Hardware Catalyst Initiative

February 10, 2020
Advanced Manufacturing

NUVIA Inc. opens its first international office at ventureLAB in Markham

February 6, 2020
HCI

Introducing the Hardware Catalyst Initiative’s Inaugural Cohort and Founding Partners

January 30, 2020
Community news

Made In York Region 2019: The Future of Tech

September 20, 2019

Introducing the Hardware Catalyst Initiative

August 29, 2019
ICT

ventureLAB receives funding from FedDev Ontario for hardware lab and incubator

June 27, 2019
Community news

Our New Website is Live!

June 24, 2019
Community news

PACE and ForaHealthyMe Inc. Collaborate to Enable Innovative Rehab Care for Elderly Patients

June 12, 2019

Related Articles

Community news

Tracy Milner, Founder and CEO, BrainFX

March 6, 2019
Community news

Tech Undivided Receives Additional Funding of $370,000

September 18, 2020
Community news

Celebrating Small Business Week 2019

October 9, 2019
Community news

York Region Entrepreneurship and Innovation Fund

November 12, 2019
Community news

Melissa Chee, President and CEO, ventureLAB

March 4, 2019
Community news

Career Recharge supports participants during COVID-19

May 14, 2020
Community news

ventureLAB receives funding for Tech Undivided, an initiative focused on bridging diversity gaps in the t …

August 7, 2019
Community news

Career Recharge Participants Experience Virtual Reality

March 10, 2020