Council Endorses RiverLaunch Business Plan

May 3, 2017 Town News
MDB Consulting delivered an engaging presentation regarding the technology focused business incubator, RiverLaunch to Council on May 2, 2017. The presentation covered mission, vision, project impact, financial discussions and conditions of success. The RiverLaunch Incubator is positioned to be a cornerstone of Eastern Ontario’s leading technology communities.
 
RiverLaunch’s mission is to create an ecosystem of entrepreneurs, mentors and investors that provide support through networks, resources and programming to develop world-class technology and talent. The project will provide physical space to support business development start ups in the technology sector. “This is an exciting project that could have a significant impact in Gananoque capitalizing on the growth in the technology sector and developing skilled jobs and entrepreneurship opportunties,” said Erika Demchuk, Mayor.
 
There is a significant amount of work to bring this project to fruition. The next step will be to do an expression of interest to see if there is an existing, local not for profit organization that is interested in leading the project. Additionally, there are a number of funding resouces staff will investigate and apply for to support the project. The timing of the project is ideal in terms of the Federal and Provincial innovation priority and the associated funding programs. The 2016 Federal Budget has identified innovation and clean economy as priority sectors with $800 million over four year to support innovation networks and clusters.