Federal minister Carolyn Bennett with Venn Garage participant Brandon Bourgeois (photo supplied by Venn Innovation)
A Moncton-based company which helps entrepreneurs start and grow their businesses in the technology sector has received federal funding.
Venn Innovation is getting $475,000 through ACOA (Atlantic Canada Opportunities Agency) which was announced on Wednesday.
Federal minister Carolyn Bennett announces 475K in funding through ACOA to support Moncton-based Venn Innovation which will be used to help #entrepreneurs start and grow their businesses. #moncton #acoa #venn pic.twitter.com/iCXRm9ESoM
— 91.9The Bend News (@919TheBendNews) July 24, 2019
Venn COO Barbara Ells says the company supports entrepreneurs who have broad ideas by coaching them, asking them to meet milestones and to be committed.
In the so-called Venn Garage, Ells says entrepreneurs have access to Atlantic Canada’s top mentors, expert workshops and training.
She says some spend a lot of time at Venn while others are already working full-time and often spend late nights at the facility.
Venn Innovation is a non-profit organization which relies on funding from all three levels of government and also has sponsors from private industries.
Entrepreneurs themselves also contribute once their businesses start making money.
