Following an announcement by Prime Minister Justin Trudeau on Tuesday allocating $52.4 million over five years to MaRS Discovery District, Communitech and Invest Ottawa, two of the incubators said they’re expecting funding cuts from the province. A senior provincial government source confirmed to The Logic that all three will see a reduction in funding.
Prime Minister Justin Trudeau makes a funding announcement at the Communitech startup space in Kitchener, Ont. on Tuesday, April 16, 2019. THE CANADIAN PRESS/Christopher Katsarov