The Innovation Factory 2024–2025 report highlights growth, investment, and jobs across Ontario’s innovation ecosystem.
HAMILTON & HALTON, ON – September 18, 2025 – Innovation Factory, the not-for-profit business accelerator for the Brant, Halton, Hamilton, and Norfolk regions, has released its inaugural Annual Impact Report, capturing both the organization’s 2024–2025 results and its broader 15-year journey supporting entrepreneurship and innovation. This publication reflects the measurable outcomes of Innovation Factory’s programs and partnerships, while also highlighting the growth of Ontario’s innovation ecosystem since the organization’s founding in 2010.
The fiscal outlook highlights the support, programs and resources Innovation Factory provided to more than 950 companies, helping them attract $220M+ in investment, generate $468M+ in revenues, and create 3,000+ new jobs. The report also showcases Innovation Factory’s evolution from a regional accelerator to a national ecosystem builder, with specialized initiatives including the Synapse Life Science Consortium, the Centre for Integrated Transportation and Mobility (CITM), and Femtech Canada. Together, these ecosystems amplify commercialization opportunities, connect companies with partners and investors, and position the region as a leader in health, mobility, and inclusive innovation.
“Over the past 15 years, Innovation Factory has grown alongside the entrepreneurs we serve,” said David Carter, CEO of Innovation Factory. “The results in this report represent more than numbers—they reflect bold ideas turned into businesses, and businesses transforming into lasting economic and social impact for our communities.”
Beyond celebrating shared successes, the impact report establishes a benchmark for future progress and will help showcase the collective efforts to grow and shape the innovation ecosystem.
To view the full Innovation Factory annual report, please visit: https://innovationfactory.ca/impact2025/
About Innovation Factory
Innovation Factory is a not-for-profit business accelerator, serving as the catalyst for technology innovation in the Brant, Halton, Hamilton and Norfolk regions since 2010. Innovation Factory provides business services, training, mentorship, and strategic connections to drive market adoption, leverage intellectual property, and increase revenues, investment, and jobs. Innovators can also access sector-specific resources including exclusive smart transportation test environments and data; and a formal life science and health innovation ecosystem.
