Canada invests in Ottawa incubator and accelerators over the next five years through its Canada Accelerator and Incubator Program.

Invest Ottawa, a Canadian province-based incubator and accelerator, will receive up to C$7.7m ($6.8m) over the next five years to continue its work supporting local businesses.

Invest Ottawa works in collaboration with Canada-based investment management firm Wesley Clover and Queen’s University technology transfer service Parteq Innovations.

The funding has come from the National Research Council Canada’s Canada Accelerator and Incubator Program (CAIP). It provides non-repayable contributions to “outstanding” accelerators and incubators over a five-year period. The…