Calgary, Alberta, May 19, 2020 – Student entrepreneurs in Calgary will benefit from a unique opportunity to spend their summer learning valuable entrepreneurship skills and engaging with experienced business advisors as part of Platform Calgary’s 2020 Summer Incubator Program.
The Summer Incubator Program is a four-month program that provides student entrepreneurs with everything they need to launch and grow a startup. The initiative is a reflection of the vital role of youth in supporting economic resilience and recovery—with many emerging tech entrepreneurs in Calgary being full-time university and college students. Work-integrated learning is also increasingly valued among businesses and employers as a way to enable students to apply their knowledge in a real-life work setting before they graduate.
The Government of Canada, through Western Economic Diversification Canada, has invested $30,000 towards the Summer Incubator Program. Federal funding is enabling 10 additional students to benefit from the program, bringing the total to 20. The funding complements other federal funding support for students—including the Canada Emergency Student Benefit, which supports students and new graduates who are not eligible for the Canada Emergency Response Benefit or Employment Insurance or unable to work due to COVID-19.
The Royal Bank of Canada and the University of Calgary are also proud supporters of the Summer Incubator Program.
The Summer Incubator Program will run from May 1, 2020 to August 31, 2020. The program structure will include lessons and workshops for participating students during the first nine weeks of the program, followed by two months of dedicated time and support for students to work on their startup projects. Due to COVID-19, the program will be delivered virtually.
“Giving students entrepreneurial opportunities early makes it more likely they will start multiple businesses and have higher success rates. Students with these skills will create a pipeline of late-stage, investable companies that will contribute towards employment, economic growth, and industry-transformation.”
David Yiptong, Director, Programs Platform Calgary
“Initiatives like the Summer Incubator Program make a world of difference for young Canadians, setting them on the path to well-paying careers while bolstering the tech ecosystem in Alberta and across Canada. With the support of Western Economic Diversification Canada, the size of this incredible program will be doubled to help even more of Calgary’s young entrepreneurs pursue their dreams of a future in our tech sector.”
The Honourable Mélanie Joly, MP for Ahuntsic-Cartierville, and Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada
- Admission to the Summer Incubator Program is competitive. This year’s cohort includes 22 students from the University of Calgary, Mount Royal University and the Southern Alberta Institute of Technology and includes six companies participating in an Artificial Intelligence stream. Learn more about the companies here.
- Students spend their full summer receiving valuable support, including a virtual workspace with startup community peers and experienced advisors, as well as formal programming throughout the summer.
- At the end of the summer, students will present to a panel. Students will need to demonstrate what they have learned and how it has changed their businesses, traction they have achieved in moving forward their startup idea, and their next steps.
Vanessa Gagnon, PDM
Director, Marketing & Community
Western Economic Diversification Canada
About Platform Calgary:
Platform Calgary’s mandate is to foster and contribute to a movement that will create innovation-driven, highly scalable companies in Calgary, having a transformative effect on our city’s economy and identity. The organization provides access to education, coaching and connections that help people gain entrepreneurial, technical and innovation capacity, while advancing startup maturity and industry transformation.
Calgary’s new Platform Innovation Centre is currently under construction and scheduled to open in 2021. Located in the East Village on 9th Ave SE, the physical space will bring an additional 50,000 feet of public access innovation space that will quintuple the size of the Calgary startup and innovation ecosystem.
For more information about how you can get involved and help support Platform to shape innovation in Calgary, visit www.platformcalgary.com.Back