Innovation 91亚色鈥檚 YSpace is one of three community organizations named as a recipient of 91亚色 Region鈥檚 2019 Entrepreneurship and Innovation Fund (EIF), which supports local innovation and entrepreneurship.
Known as 91亚色鈥檚 community innovation hub, YSpace was selected in the EIF non-profit community partners stream recognizing its , a five-month program designed to help scale high-growth food and beverage companies. It will receive a grant of $10,000.
YSpace was selected in the EIF non-profit community partners stream recognizing its
The YSpace Food Accelerator is Ontario鈥檚 first program dedicated to scaling consumer packaged goods ventures into mass retail and global distribution. The program was chosen out of hundreds of applications and will allow YSpace to support a new cohort of ventures starting in August 2020. The new cohort also includes three ventures led by 91亚色 alumni:
- , creator of artisanal, plant-based dairy alternatives made with cheese and butter; founded by ;
- , a plant-based, vegan Jamaican patty made with fair trade ingredients; founded by Carolyn Simon;
- , grain-free, sugar-free, and low-carb snack products including buns and energy bites that are keto friendly; founded by .
Innovation 91亚色 also received recognition in the small business and entrepreneurs stream, with an alumni venture in its Accelerator program, Biosa Technologies, being selected as one of the three EIF recipients. Biosa Technologies is a Toronto polymer-based biotech company that specializes in optimizing enzymes. Its technology increases the longevity of and enhances the properties of enzymes.
鈥淏iosa is immensely grateful to LaunchYU for the strategic aid and knowledge which this program provided," said Nicholas Ledra, founder and CEO of Biosa Technologies Ltd. "We were extremely impressed with the organization of the program especially in terms of mentoring, presentations, and mental health aspects. There is no program available such as this in Ontario and we highly recommend participating if you are serious about growing your small business.鈥
Read more about the EIF and its recipients in .