Waterloo, October 16, 2018 – The Cowan Foundation and The Accelerator Centre are pleased to announce a collaboration to support clean tech innovation. The collaboration will see The Cowan Foundation make a $50,000 donation to the construction of the Accelerator Centre’s clean tech accelerator facility, recently named the TD Sustainable Future Lab (the Lab).
The Lab and adjacent community hub, evolvGREEN, will be located in evolv1, the first-ever Zero Carbon Building – Design certified project by the Canada Green Building Council and will include research activities, academic programming and the startup accelerator.
The Accelerator Centre has a strong history of supporting high growth technology companies and has worked with more than 500 startups throughout its 12-year history. Graduates of The Accelerator Program™ include Canadian success stories Kik Interactive, Mioivsion, Axonify, Alert Labs and SSIMWAVE. The Accelerator Centre has already started to apply its award-winning program model to the cleantech startups through a pilot program supported by the Ontario Trillium Fund and will move this programing into the new facility in December 2018.
“We were very intrigued when we heard about the evolv1 building and the Accelerator Centre’s clean tech initiative”, said Terry Reidel, Executive Director, The Cowan Foundation. “It is clear that this innovative space for new clean tech companies will be instrumental in driving innovation, research and collaboration. Our Foundation believes these concepts are also important in our philanthropic endeavours, therefore we are proud to support the completion of the Lab’s interior space, where entrepreneurs will be provided with the tools to learn, grow and become the next leaders in driving a clean and environmentally sustainable economy.”
Canadians are passionate about improving sustainability.” says Paul Salvini, CEO, Accelerator Centre. “We are excited to have the opportunity to work with organizations like The Cowan Foundation and to pull the community together in support of the entrepreneurs who are the future of our low-carbon economy. The Lab is a bold initiative and we are grateful for The Cowan Foundation’s support in making this ambitious community vision a reality.”
About the Accelerator Centre
The Accelerator Centre is an award-winning startup accelerator dedicated to building and scaling sustainable, globally competitive companies and giving startups the highest probability of long-term success. In 2018, they were ranked the #4 Accelerator Program in the world due, in part, to a reputation for meaningful, one-to-one mentorship and helping entrepreneurs go from the idea stage to high-growth enterprises. In their 12-year history, the Accelerator Centre has worked with over 500 startups, those companies have created over 3,000 full time jobs and brought over $600M in investment into the region. For more information or to apply to the program visit our website www.acceleratorcentre.com.
About The Cowan Foundation
The Cowan Foundation was started in 1995 in honour of Frank Cowan, the founder of Frank Cowan Company and Cowan Insurance Group. The Foundation is sustained by the ongoing success of the Princeton Holdings group of companies including Cowan Insurance Group, Frank Cowan Company, The Guarantee Company of North America, Cowan Asset Management and Fountain Street Finance. Together they provide insurance and risk management products and services for individuals, businesses, organizations and public entities, as well as assisting employers with their group benefits, retirement and health and disability management plans. The goal of The Cowan Foundation is to make a positive difference in the lives of Canadians and the broader well-being of our communities. For more information, please visit www.cowanfoundation.ca.
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