The Waterloo-based incubation space, known as the TD Sustainable Future Lab, will help cleantech startups commercialize solutions that drive the clean economy.
Waterloo, February 1, 2019 –Today the Accelerator Centre (AC) announces the grand opening of the TD Sustainable Future Lab with support from TD Bank Group (TD).
The new facility, made possible by a $1M investment from TD’s new corporate citizenship platform, The Ready Commitment, will be located in the evolvGREEN community hub and will give entrepreneurs access to the AC’s award-winning incubation programming as well as additional supports from facility partners, Sustainable Waterloo Region, the University of Waterloo, and Laurier.
Since launching the specialized program for clean tech entrepreneurs with the support of the Ontario Trillium Foundation in the fall of 2017, the Accelerator Centre has supported 14 companies working in Agri-tech, Advanced Materials, Energy (Solar, Wind, Water, Biofuel), Energy Management/Storage/Access, Green Transportation, Green Manufacturing, and Smart Cities. The collaboration with TD and the new facility will allow the program to expand, supporting 20 additional clean tech companies over the next 3 years.
“The development potential within the clean technology sector represents a significant opportunity for the economy and for Canada to build on its reputation for leadership in ensuring a sustainable community for generations to come,” says Paul Salvini, CEO, Accelerator Centre. “The grand opening of the TD Sustainable Future Lab and our collaboration with TD is a demonstration of our commitment to working with industry to support entrepreneurs as they create the next generation of clean technology solutions. We are excited to see organizations from across the region come together to create this hub and we are looking forward to sharing the impact these startups make as they grow and scale.”
“Clean technologies represent one of the greatest opportunities to accelerate the time it will take to transition to a low-carbon economy, while also helping to grow an emerging and important market for Canada,” says Nicole Vadori, Head of Environment, TD Bank Group. “Through the TD Sustainable Future Lab, TD is excited to help entrepreneurs and startups bring their transformative ideas to life and help create a more inclusive and sustainable tomorrow.”
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.
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 bringing over 3,000 full time jobs and 560M in investment to the region. Graduates of The Accelerator Program™ include Canadian success stories Kik Interactive, Miovision, Axonify, Alert Labs and SSIMWAVE.
About TD Bank Group
TD and The Ready Commitment
TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. As part of its corporate citizenship platform, The Ready Commitment, it aspires to link its business, philanthropy and human capital to help build a more inclusive and sustainable tomorrow. As part of this, the bank is targeting CDN $1 billion (US $775 million) in total by 2030 towards community giving in four areas it feels are critical to helping people feel more confident – not just about their finances, but also in their ability to achieve their personal goals in a changing world. These are Financial Security, Vibrant Planet, Connected Communities and Better Health. Through The Ready Commitment TD is also aligned to nine of the United Nations Sustainable Development Goals. For more information, visit td.com/thereadycommitment.
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