Lombardi, who co-founded food-delivery app GroceryHero, will fill the role of managing director. The announcement comes a month after the Ontario Centres of Excellence acquired the incubator amid financial challenges brought on by COVID-19. (BetaKit, The Logic)
Talking point: Lombardi is tasked with running a pared-down version of the Toronto-based incubator, which helped companies like Wealthsimple and Borrowell get their start. OneEleven is expected to hire just five staff, down from 15, and occupy just one floor of at 325 Front St. W., rather than two. OneEleven hosted 55 companies and more than 1,100 people at its peak. The incubator, which has been closed since April, hasn’t said how many firms will occupy the space when it reopens in October.