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New funding accelerates opportunities for Okanagan investors

Accelerate Okanagan has received $275,000 to support capital training activities for entrepreneurs
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Accelerate Okanagan has received $275,000 from the federal government, funding that will support the creation of new and improved capital training activities for entrepreneurs over the next two years. The funding was announced Wednesday, Dec. 1, 2021. (Submitted photo)

More opportunities are on the way for entrepreneurs in the Okanagan, thanks to new funding from the federal government for Accelerate Okanagan.

The non-profit organization announced Wednesday, Dec. 1 itsa国际传媒檚 receiving $275,000 from the National Research Council of Canada Industrial Research Assistance Program, funding that will support the creation of new and improved capital training activities for entrepreneurs over the next two years.

In 2018, Accelerate Okanagan launched its first OKGN Angel Summit to help startups access early-stage capital in the region. The summit has so far supported more than 100 companies and engaged more than 60 local investors. Accelerate says it wants to build on the momentum of the summit and see more funds created, deals struck and capital training made available for all kinds of entrepreneurs.

The organization says it will leverage the new funding to create new capital initiatives and activities that support small to medium-sized enterprises.

sa国际传媒淓ntrepreneurs need access to investors who understand their business but also them as founders,sa国际传媒 said Thuy Tran, acting CEO of Accelerate Okanagan. sa国际传媒淲e know there is a gap in the diversity of our investment community and the types of entrepreneurs that are seeking to raise private capital. We want to open more doors and windows into the world of fundraising for individuals from all walks of life.sa国际传媒

The number of funds and investment groups that have formed in the Okanagan in recent years is sa国际传媒渋ncredibly promising,sa国际传媒 Accelerate said. Most recently, the Womensa国际传媒檚 Equity Lab opened an Okanagan chapter, and Valhalla Angels launched its BC Investment Summit.

Accelerate also hopes to see entrepreneurs gain the knowledge and skills to become investors in the future and eventually end up giving back to the startup ecosystem in the Okanagan.

To participate in the OKGN Angel Summit, visit .

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Brendan Shykora
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Brendan Shykora

About the Author: Brendan Shykora

I started at the Morning Star as a carrier at the age of 8. In 2019 graduated from the Master of Journalism program at Carleton University.
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