The Innovation Cluster’s Annual General Meeting Showcased An Impressive Year Including an Economic Impact of Over $10M and Over 200 Jobs Created
Since launching its main 10,000 sq.ft incubator in downtown Peterborough’s VentureNorth Building, the Innovation Cluster has established itself as the ecosystem that supports technology startups throughout Peterborough and the Kawarthas.
Focusing on sectors including cleantech, digital, healthcare and agriculture, the organization has drastically expanded the amount of innovation and startups supported today, totaling to 53 companies over the past year alone.
During the meeting, CEO Michael Skinner presented highlights, noting that the organization has helped to create 212 jobs, and an economic impact of just over 10.6 million dollars. In February 2020, the Innovation Cluster launched another incubator in downtown Lindsay.
“These accomplishments were made possible by our dedicated staff and board, community partnerships and of course innovative startup clients that work tirelessly each day,” says Skinner.
Other speakers included Diane Therrien – City of Peterborough, Patrick O’Reilly – City of Kawartha Lakes, Yves Lafortune – Peterborough Region Angel Network, Dr. Tom Phillips – Fleming College and John Knight – Trent University.
Senior Innovation Specialist Rosalea Terry highlighted some of the digital and agriculture technology startups, as well as President John Gillis on healthcare and clean technology startups in the region.
As the current global situation has turned businesses virtual, the Innovation Cluster touched on how they have pivoted to maintain support for their many clients. Since physically closing the incubator on March 16, the organization has held 14 virtual events with 1,134 attendees to date.
“The Innovation Cluster is doing such a great job of dissemination of information,” says Jon Hill of startup Big Clic Inc.“So far ahead of the other incubation centres and we are part of three in Ontario.”