The provincial agency Innovate BC will operate the Integrated Marketplace Initiative, identifying testbeds where groups of large organizations will pilot participating startups’ solutions, then can buy from them if they prove successful. (The Logic)
The provincial agency Innovate BC will operate the Integrated Marketplace Initiative, identifying testbeds where groups of large organizations will pilot participating startups’ solutions, then can buy from them if they prove successful. (The Logic)
The provincial agency Innovate BC will operate the Integrated Marketplace Initiative, identifying testbeds where groups of large organizations will pilot participating startups’ solutions, then can buy from them if they prove successful. (The Logic)
Talking point: The Vancouver International Airport will host the program’s inaugural effort, with the goal of electrifying ground-handling equipment like baggage tractors; the province is floating up to $2.5 million over three years for the project, and will offer up to $1 million per site for future ones. Small Canadian firms have long struggled with the challenge of finding domestic customers—particularly big ones. “Established, larger companies just simply don’t buy products from homegrown startups,” said Gerri Sinclair, B.C.’s innovation commissioner and a driving force behind the initiative. The “buyer’s club” program gives “our homegrown innovators a chance to solve the business problems of local industry.” Access won’t be restricted to B.C. startups. The federal government funds a similar system for hospital networks and healthtech startups.
Loading...
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseIf you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseYou have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.