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The Canadian Incubation Industry

The Canadian Incubation Industry. Marie Lussier Ottawa October 5, 2004.

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The Canadian Incubation Industry

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  1. The Canadian Incubation Industry Marie Lussier Ottawa October 5, 2004

  2. Although the first incubator in North America was established in 1959 our research indicates that the Charlottetown Industrial Mall. Established in 1975 as a joint funding initiative of the Federal and Provincial Governments, is recognized as Canada’s first Business Incubator. The Canadian Association of Business Incubation (CABI) is 13 year old born out of the National Business Incubation Association’s (NBIA) Incubation Background

  3. CABI’s VisionThe creation of economic growth in Canada by advancing Business Incubation programs to develop and support small and medium business ventures (SME’s) that successfully grow into entities for innovation and job creation. CABI’s MissionCABI’s mission is to provide information, training, networking opportunities and strategic alliances for its members and stakeholders in order to support and promote Business Incubation programs throughout Canada. CABI’s Vision/Mission

  4. There are approximately 150 Business Incubators in Canada today Our membership and supporters are in excess of 100 from all provinces and territories Canadian incubation programs surveyed (26 incubators) were assisting more than 270 tenant start-up companies. Those tenant and virtual/affiliate companies were providing full-time employment for nearly 7,200 people and generating annual revenues totaling more than $150,000,000. Company and job creation is the output! CABI Facts

  5. Incubation Physical Structure & Tax Status 16% Virtual Only 4% Not Applicable 28% - Both Bricks & Mortar & Virtual 52% - Bricks and Mortar Only 10% - For-Profit 90 % - Not For-Profit

  6. 8% Academic Institutions 40% Government 28% Economic Development Organizations 4% For-Profit Entities (Corporations) 8% Hybrid 12% Not Applicable Sponsoring Entities

  7. Incubation Program Type 4% Community Revitalization 12% Other 4% Manufacturing 16% - Multi-Purpose 6% Service 64% Technology

  8. Funding Incubation program itself Incubation tenant companies Attracting Qualified Management Size of the country Diversity of market Incubation Program Obstacles

  9. Toronto Business Development Centre 2003 NBIA Incubator of the Year Northern Alberta Business Incubator 2002 NBIA Incubator of the Year Quebec Biotechnology Innovation Centre, 2002 Randall M. Whaley Incubator of the Year Garrison Guitars, 2002 Entrepreneur of the Year, International Award winners

  10. Incubation in Canada www.cabi.ca

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