This week, Canada’s Minister of Finance, the Honorable James Flaherty, explored Plug and Play Tech Center in Sunnyvale, as part of a step toward business growth and innovation. Plug and Play’s Canadian Technology Accelerator Program accelerates 20 companies annually and is run by the Canadian Trade Commissioner’s Office. Canada’s Economic Action Plan 2012 aims to make $400 million available in an effort to increase private sector investment in early-stage risk capital and also to support large-scale venture capital funds led by the private sector.
“We are pleased to host the Minister and excited about accelerating Canadian startups as Plug and Play continues to grow. We have been very impressed with the quality of Canadian startups that we have seen, and we look forward to working with them,” said Jupe Tan, vice president of international operations at Plug and Play.
About the Canadian Technology Accelerator Program at Plug and Play Tech Center:
- Accelerates 20 companies per year as part of Canadian Technology Accelerator (CTA) program run by the Canadian Trade Commissioner’s Office
- Located at Plug and Play Tech Center (Sunnyvale, CA)
- Launched 2008 as Plug and Play’s first international partnership
- To date, Plug and Play has accelerated over 60 companies
- Currently, 4 companies at residents of Plug and Play and 2 are going through the accelerator.
Currently in Plug and Play’s Canadian Pavilion
- Kirk Deininger, Formverse - http://www.formverse.com
- Drake Deininger, Formverse – http://www.formverse.com
- Katryn Harris, OpenBox - http://www.openboxinc.com
- Michael Grey, CoolIT – http://www.coolitsystems.com