[ad_1]Ontario Tech Brilliant Catalyst and 1855 Technology Accelerator (Whitby) partnership announcement at the Invest Durham booth at the 2022 Collision Conference (Enercare Centre, Toronto, June 22, 2022). From left: Simon Gill, Director of Economic Development and Tourism, Durham Region; Dr. Osman Hamid, Director of Creativity and Entrepreneurship, Brilliant Catalyst, Ontario Tech University; Dennis Croft, CEO, 1855 Technology Accelerator (Whitby).In Durham Region, which is the largest area in the Greater Toronto Area, a strong community ecosystem is helping startups and founders grow their businesses. To improve startup success rates and build sustainable companies, Ontario Tech University’s Brilliant Catalyst incubator is teaming up with Whitby’s 1855 Technology Accelerator. Together they will fill a crucial gap in the current startup support landscape by offering comprehensive advisory services to local and international entrepreneurs at every stage - from brainstorming ideas to bringing products to market.Bridging the commercialization gapCountless technologies, patents, and intellectual properties worldwide go unused and sit idle like relics in a Raiders of the Lost Ark movie warehouse. While Canada’s startup support scene has many incubators, accelerators, hubs and co-working spaces available, most only provide surface-level assistance to local and global entrepreneurs. This narrow focus on idea creation to intellectual property leads to a very low success rate for startups reaching commercialization-estimated at under three percent.Competitive advantage: New partnership offers the best of all worlds to startupsBrilliant Catalyst and the 1855 Accelerator both emphasize dedicated service that adds real value. They genuinely care about supporting Canadian and international business founders as they navigate their journeys. By providing complete advisory services with smooth transitions from incubator to accelerator stages, entrepreneurs receive ongoing support that enhances their chances for success. The well-structured public-private partnership between Ontario Tech and 1855 highlights both societal priorities and economic viability-a unique advantage for students, faculty members, alumni as well as international entrepreneurs. Both organizations proudly embrace diversity and accessibility while promoting values that aim to enhance lives through ethical uses of technology.Quotes“Brilliant Catalyst, under Ontario Tech’s Office of the Vice-President of Research and Innovation, has established an amazing entrepreneurship program which helps not just students but faculty international entrepreneurs and private industries commercialize and growth their businesses. Brilliant Catalyst provides a best-in-class experience from ideation through first customer sale allowing for a seamless hand off to 1855 Accelerator’s value proposition.”-Dennis Croft, CEO, 1855 Accelerator “1855 is an amazing partner to work with in the Region of Durham’s entrepreneurial ecosystem. The focus that 1855 has on scaling companies complements our focus on helping founders build their ventures from ideation to their first sale. This partnership will help solidify our relationship giving founders leverage by benefiting from two organizations with a founder-first vision.”-Dr. Osman Hamid, Director of Creativity and Entrepreneurship Brilliant Catalyst Ontario Tech UniversityAbout 1855 Technology AcceleratorThe 1855 Technology Accelerator is based in Whitby Canada focusing on helping tech start-ups quickly scale revenue operations including speeding up sales marketing revenue growth executive mentorship R& D IP/trademark protection stakeholder communications client investor presentation readiness talent optimization acquisition. Website: 1855whitby. comAbout Brilliant Catalyst Ontario Tech UniversityBrilliant Catalyst serves as university-based incubator experiential learning hub at Ontario Tech University. Under its Office of the Vice-President Research Innovation mission aims building community experts influencers entrepreneurs advisors fuel innovative change propel next generation innovation change-makers put more Canadian ventures map achieving this mission designing delivering unique learning opportunities programs diverse community entrepreneurs innovators. Website: ontariotechbrilliant. ca[ad_2]Source link
