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THUNDER BAY — Five Northwestern Ontario entrepreneurs are getting a major boost from an intensive business accelerator program supported by regional economic development organizations, with two eligible for investments of up to $250,000.
“We’re trying to open people’s eyes as to what solutions are there today and how they can leverage them, for sure, but [also] what they need to be preparing for in the future,” said Jeff Coull, executive director of the innovation centre. That investment, offered for the first time this year, was made possible through contributions from Thunder Bay CEDC, Thunder Bay Ventures, Lake of the Woods Business Incentive Corporation, and the City of Kenora’s economic development and tourism department.
“We’re really satisfied with the quality of candidates we have in the program this year, and honestly, when it comes to the $250,000 at the end, it’s going to be a struggle to determine who is the best fit for it,” he said. “My grandma had fallen in her long-term care home,” he said. “She’s okay, but we thought if we had our system in place, she could have gotten the help she needed a lot sooner. It was multiple hours on the ground before someone was able to come help her. That was kind of the whole inspiration.”
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