The Canadian Technology Accelerator (CTA) program is currently accepting applicants for it’s 2018 Spring Cohort. Canadian technology companies that fit the criteria can apply to participate in one of three programs. The 2018 cohorts will take place in Boston’s highly concentrated technology ecosystem, New York City’s stage for digital technology, and Silicon Valley, California’s tech oasis for AI opportunities.
Proximity is a key ingredient in making introductions that lead to strong connections, potential partnerships and business advancements. The CTA program provides this closeness for Canadian companies by providing residencies in working spaces with new neighbours; technology companies that are just like them.
“The idea that someone can… get you into rooms with the right people is incredibly valuable. This is why we are doing the CTA program,” said Ali Kashani, CTO of Neurio Home. Kashani participated twice in the CTA program in California’s Silicon Valley.
Flourishing While You Go Global
Canadian companies may fear going global due to potential risks or simply not knowing where to begin, but recent report by Aimia reports 90 per cent of Canadian businesses that did expand internationally found success.
The Business Development Bank of Canada (BDC), the only Canadian bank devoted exclusively to entrepreneurs, suggests doing four things before going global; assess your readiness, select your markets, plan an entry strategy and implement your plan. What if there was a program that helps you through this process, and eases the fear of going global?
Vancouver-based company Neurio Home participated in the Canadian Technology Accelerator program in Silicon Valley last year and has flourished ever since.
“The Valley is a really great place for this kind of innovation… people here are really plugged in. They are thinking about the technology, the applications, and how to get to market,” said Janice Cheam, co-founder and CEO of Neurio Home.
The CTA programs not only activate the steps to going global but makes the entire experience rewarding and profitable.
“During our term with CTA Digital Tech, we closed over 500 deals and generated $200,000 of new business in New York City,” said David Ciccarelli, co-founder and CEO of Voices.com.
Importance of Cross Border Relationships
Cross border relationships are important to help Canada and the U.S. grow strongly together. In 2016, Canada and the US traded $554.0 billion in goods and $83.7 billion in services. Canada is the top trading partner for most states and Canadian companies operating in the United States employs 500,00o Americans.
The CTA programs help Canadian entrepreneurs make global connections, it facilitates partnership introductions, provides strong mentor relationships, and is instrumental to the growth of these Canadian companies.
CTA Program Opportunities
Silicon Valley, California’s technology oasis is recruiting the next Artificial Intelligence company to participate in a game-changing accelerator experience. With a membership to HanaHaus, participants will access local programs, workshops, along with mentorship from industry leaders for big business development.
New York City
A profound global leader in digital tech entrepreneurship, New York City is an East Coast tech giant with huge opportunity for Canadians. A membership at New York’s coworking grounds Grand Central Tech doubles as a ticket to monthly programs and workshops, mentor sessions with trade commissioners and industry leaders as well as networking opportunities to grow your business.
Canadian companies are thriving in Boston and the 2018 CTA program offers opportunities for Canadian companies to bring their company to Boston this Spring. Based at the Cambridge Innovation Center (CIC), companies will work amongst Boston’s greatest tech entrepreneurs and their companies. Through mentorship, networking events, and partnership opportunities, Boston will help to launch another Canadian technology company.
Apply for The Canadian Technology Accelerator program by January 10 2018!
For full requirements and more application details visit the Canadian Technology Accelerator program website here.
About the Canadian Trade Commissioner Service
The Canadian Trade Commissioner Service was created in 1894 and has over 120 years of experience helping Canadians. Their mission is to help Canadian companies and organizations succeed globally. With offices around the world, Canadian Trade Commissioners are able to provide Canadian businesses on-the-ground support for business decisions that are timely and cost-effective. Through promotion of Canada’s economic interests in the global marketplace, Canadian companies can succeed in foreign markets.