If you’re an entrepreneur or start-up founder, you know that finding the right support to break into new markets is a game-changer. That’s why we’re thrilled to share that Innovation Factory and Burlington Economic Development’s newcomer program, Acceleration+ program has won a gold award for Best Use of Federal Resources at the 2024 Excellence in Economic Development Awards, hosted by the International Economic Development Council (IEDC). This recognition is a big win not just for Innovation Factory but also for the innovative international start-ups that have benefited from the program.
This win is more than just a shiny trophy—it’s a testament to the power of collaboration and strategic support in driving innovation and economic growth.
David Carter, CEO of Innovation Factory, shared his excitement about the award. “This award recognizes the strength of collaboration between Innovation Factory and our partners. The Acceleration+ program has proven that by combining resources and expertise, we can create significant opportunities for international start-ups to thrive in North America. We’re proud to be part of this initiative and to receive this recognition.”
“Receiving this prestigious award is a powerful validation of our efforts to drive innovation and economic growth in Burlington,” said Anita Cassidy, Executive Director of Burlington Economic Development. “The success of our Acceleration+ program highlights the significant impact of our strong partnerships and strategic use of federal resources in nurturing international start-ups here in Canada.”
What Makes Acceleration+ Stand Out?
Developed in partnership with Innovation Factory, Burlington Economic Development’s Techplace and Global Startups Accelerator, and funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the program is specifically designed to help international companies expand into the North American market—faster and smarter.
Over the past few years, Acceleration+ has been a launchpad for 40 international companies looking to establish a presence in Canada. By providing tailored expansion plans and access to key resources, the program empowers these start-ups to grow rapidly and make meaningful connections in the market.
Why This Matters for Start-ups
For entrepreneurs and start-ups, finding a pathway to growth in a new market can be incredibly challenging. Acceleration+ offers targeted support that addresses these challenges head-on. With a network of partners, expert guidance, and strategic resources, the program removes barriers and helps international companies find their footing—and flourish—in North America.
Looking Ahead
This award is a proud moment for everyone involved and a reminder of the incredible impact that well-structured programs can have when they’re built on strong partnerships and a clear vision.
So, if you’re a start-up looking to make waves in North America, keep an eye on programs like Acceleration+ or apply now, to participate in Innovation Factory’s Start-up Visa program, Runway.
