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Innovation Guelph receives $261K from feds to support women entrepreneurs

Click to play video: 'Pandemic’s impact on working women highlighted on International Women’s Day'
Pandemic’s impact on working women highlighted on International Women’s Day
WATCH: Canadian women in the workplace have taken a harder hit during the pandemic than men. Abigail Bimman explains why, and what's fuelling the "shecession." – Mar 8, 2021

Guelph, Ont., MP Lloyd Longfield announced $261,250 in funding for Innovation Guelph to support women entrepreneurs during the COVID-19 pandemic.

The announcement was made on Monday during the International Women’s Day Guelph-Wellington and The YMCA of Three Rivers’ Women of Distinction event.

“Innovation Guelph has developed into a leader in supporting Canadian women’s innovation and entrepreneurship,” Longfield said in a statement.

“Since its inception, Innovation Guelph has provided opportunities for entrepreneurs to connect with experienced
mentors to help encourage, guide and support the development of innovative products, services or solutions in
Guelph.”

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The funding is a top-up to the $1,879,983 that the organization received in 2018 through the federal government’s Women Entrepreneurship Strategy (WES).

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Click to play video: 'How the federal government is marking International Women’s Day'
How the federal government is marking International Women’s Day

Along with providing coaching and networking, the funding will help businesses with start-up and scale-up as well as access to new markets.

“The pandemic has highlighted specific challenges that the WES top-up funds have enabled us, with our partners, to meet by executing impactful programming elements customized for the women business leaders we support,” said Innovation Guelph CEO Anne Toner Fung.

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