Technology entrepreneurs in Halifax will soon have more support at Volta Labs through funding from Innovacorp.
Business Minister Geoff MacLellan announced an investment of $500,000 in the Halifax-based technology hub today, Sept. 12.
“Expanding Volta’s programming is an investment in entrepreneurship and in this province’s future,” said Mr. MacLellan. “This funding will help more technology entrepreneurs develop the skills they need to turn good business ideas into successful companies. Ultimately, that means more jobs and opportunity for young Nova Scotians.”
Volta Labs was established in 2013 by a group of emerging technology entrepreneurs and is now the cornerstone of Halifax’s innovation district.
Volta will use the new funding for educational programs, mentorship, community networking events and human resources.
“It will be great to see more learning and mentorship opportunities at Volta,” said Volta alumnus Kyle Racki, co-founder and CEO of Proposify. “The support we received from Volta helped our company grow quickly.”
“This investment, and the support of our private-sector partners, will expand our programming significantly,” said Jesse Rodgers, CEO of Volta Labs. “That’s good news for entrepreneurs and it’s good news for Halifax.”
The Government of Canada is also investing $1.5 million in Volta through the Atlantic Canada Opportunities Agency’s (ACOA) Business Development Program. This non-repayable contribution will be used to deliver three years of programming and support services to startup, early-stage and high-growth technology companies in Atlantic Canada.
“Volta is a key contributor to building a high-tech, startup community where founders come together, learn from each other, grow their companies and build global markets,” said Halifax MP Andy Fillmore, on behalf of Navdeep Bains, Minister responsible for ACOA. “Volta’s vision, engagement and results are well aligned with the Atlantic Growth Strategy goals of creating new jobs, developing a skilled workforce and injecting a new vibrancy into the region’s economy.”