Canadian Technology Accelerators (CTAs), a program of the Global Affairs Canada (GAC) Trade Commissioner Service, is making it easier for Canadian companies to grow globally.
With more than six accelerators in Boston, New York City, Philadelphia, San Francisco, Silicon Valley and the United Kingdom for companies in clean tech, life sciences, and information and communications technology, the program is a boost for business looking to grow beyond Canada.
Just ask Chris and Stephanie Ciccarelli, founders of Voices.com, and Peter Evans, Co-Founder and CEO Expert File.
Since participating in the CTA program, these companies have risen to international success. Voices.com, an online marketplace for actors and companies to work together, has ranked as one of the fastest growing technology companies in North America on two world-renowned rankings. It ranked 40 on the Deloitte Technology Fast 50 and 225 on the Deloitte Technology Fast 500.
Thanks to the program, Expert File, a search engine to discover and promote experts and important industry professionals, is celebrating their recent partnership with the Associated Press, a collaboration that is connecting newsrooms and journalists to expert sources.
Don’t Miss the 2018 Deadline
Three CTAs are now accepting applications for their Spring 2018 cohorts, which take place between February and June 2018. Programs will run in Boston for ICT and Life Science , New York City for digital technologies and in Silicon Valley for artificial intelligence companies.
The unique, five-month residency program connects participants to co-working space, events, mentorship with industry leaders, partners and trade commissioners, and workshops to 4scale globally.
Applications are due January 10, 2018 and will be reviewed by a panel of industry experts based on the following eligibility criteria. CTAs are open to innovative Canadian tech companies that have:
- A well-developed product or service or service with a differentiated technology,
- Traction in the marketplace (Typical participants have at least $1 M in revenue and/or investment),
- A strong & experienced executive management team.
- The ability to send at least one senior member (C-level or founder) to take part in the program,
- Specific goals and a clear strategy for CTA markets.
Go Global with CTA
In the words of past participant Surface Medical, there are two ways for Canadian SMEs to enter new markets: “Align with speciality distributors through tradeshow or email introductions and hope for the best; or leverage the tremendous in-country experience of Trade Commissioners and CTA to pull-through your technology from end users and form lasting strategic partnerships with major players. We recommend the second approach, it worked for us!”
Since 2013, the Canadian Technology Accelerators initiative has served nearly 500 established companies, that have raised $408M in capital, generated $148M in new revenue, created 1900 new jobs and forged 836 new strategic partnerships.
For more information and to apply, visit the Canadian Technology Accelerator website.