Sheridan, Ryerson, City of Mississauga and Ontario Government Partner to Establish A New Mississauga Innovation Hub
By: Monica Kucharski
Mississauga’s students and young entrepreneurs with dreams of turning their ideas into products and businesses will soon be getting a substantial leg-up.
A new “innovation hub” is in the works, in partnership between Sheridan College, the City of Mississauga, Ryerson University and the Ontario government.
The initiative was announced on May 3, 2018 at Sheridan College with Honorable Dipika Damerla, Minister of Seniors Affairs and MPP Mississauga East-Cooksville, Charles Sousa, Minister of Finance and MPP Mississauga South, and Mississauga’s Mayor, Bonnie Crombie attending.
The hub will be co-located in Sheridan’s existing EDGE Entrepreneurship Hub at the Hazel McCallion Campus in City Centre. It will focus on three priorities.
- Facilitating programming to help students and the community develop entrepreneurial skills
- Providing customized mentorship for early stage start-ups
- Creating and supporting activities for like-minded peers to learn about entrepreneurship and innovation through workshops and programming.
Ontario is investing $1.5 million over three years for the development of the Mississauga City Center Innovation Hub.
The investment will support the expansion of Sheridan’s mentorship programming, “create new coaching sessions, workshops and events to assist entrepreneurs to meet self-identified milestones, offer tailored support to cohorts of entrepreneurs from under-represented backgrounds, and address specific industry and social innovation needs in Mississauga, which will be identified in consultation with City economic development staff, industry and community stakeholders.”
“The Mississauga Innovation Hub will be a great asset to Mississauga and our province,” said Charles Sousa. “It will bring together a diverse range of entrepreneurs and innovators, provide start-ups with business and technical support, as well as conduct cutting edge research to help them thrive. This unique innovation partnership will nurture companies and create high paying jobs that strengthen our economy.”
“We want to foster innovative ideas from concept straight through to commercialization right here in Mississauga,” Mississauga Mayor Bonnie Crombie said in a news release. “This hub will provide mentoring, support, guidance … all the critical supports that a new startup needs.”
The Mississauga City Center Innovation Hub plans to open in late summer/fall 2018.