For Immediate Release
QuinteVation Receives Eastern Ontario Development Program Support
March 30th, 2017
QuinteVation, a regional entrepreneurial development initiative, will benefit from an investment announced today in Belleville Ontario by the Northumberland CFDC and Kim Rudd, Member of Parliament for Northumberland-Peterborough South; Neil Ellis Member of Parliament for Bay of Quinte; and Mike Bossio Member of Parliament for Hastings—Lennox and Addington.
The Northumberland CFDC is pleased to provide support for QuinteVation with an investment of $125,000 under the Eastern Ontario Development Program’s Collaborative Economic Development Projects stream with a total project cost of up to $250,000. The funding investment will result in the creation of four new full-time positions which will benefit Eastern Ontario.
QuinteVation is comprised of entrepreneurs serving entrepreneurs, with the goal of helping to unite and position the Bay of Quinte region as a hub of entrepreneurial spirit, thinking and action.
Working with multiple established partners, QuinteVation will add to the creation and continued development of a culture of innovation and business growth with particular emphasis on identifying and scaling cluster development of the agri-food, film and craft beverages sectors. In addition, the organization will locally pilot the “RevUp Accelerator” program which focuses on working with high-growth potential companies in Eastern Ontario by providing planning, mentorship and training.
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario)’s Eastern Ontario Development Program (EODP) advances economic development in rural Eastern Ontario. Through EODP, FedDev Ontario is collaborating with Community Futures Development Corporations (CFDCs) in Eastern Ontario to promote the growth of new and existing businesses in rural communities.
QuinteVation is a non-profit, entrepreneur-led organization with the mandate to unify the Bay of Quinte region as a hub of innovation and entrepreneurial spirit, thinking and action
Created in 2016 as the result of the need for an organization in rural Bay of Quinte to create a rural innovation plan to cultivate a region of entrepreneurs and leaders prepared and poised to compete on a larger scale.
The Bay of Quinte is made up of seven municipalities from Brighton to Napanee, Prince Edward County to South Hastings County centered around Belleville, Quinte West, and Tyendinaga Mohawk Territory.
Northumberland CFDC is one of the 15 Community Futures Development Corporations (CFDCs) in Eastern Ontario funded by the Eastern Ontario Development Program (EODP) through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). CFDCs deliver a wide variety of programs and services to support community economic development and small business growth. They employ local staff and are each governed by a volunteer board of directors, made up of local residents representing the community.
The Eastern Ontario Development Program is a $48-million economic development initiative focused on addressing economic challenges in eastern Ontario and taking advantage of innovative opportunities in the region
“I’m excited today to be a part of the funding of a new economic engine for Eastern Ontario. QuinteVation aims to support a collaborative agenda of innovation, innovators, and entrepreneurship across the Quinte Region. I applaud the efforts of QuinteVation’s board, led by Ryan Williams, and management team as they work to positively impact the economy of all of the communities in this area.”
-Kim Rudd, Parliamentary, Secretary to the Minister of Natural Resources and Member of Parliament for Northumberland−eterborough South
“It is an exciting time to be announcing the launch of QuinteVation. As a new agency that strives to encourage and foster innovation and serves to support entrepreneurs, the timing could not be better. With the Government of Canada launching its Innovation Strategy the dedicated professionals at QuinteVation will be an invaluable resource to new start-up companies as they create good-paying local jobs and position themselves to compete in the global economy through innovation and technological advances.”
–Neil Ellis, Member of Parliament for Bay of Quinte
“Today’s investment in QuinteVation helps further the innovative and entrepreneurial culture that exists in the Bay of Quinte Region. Eastern Ontario has many geographic benefits, we are central to three major cities in Canada, we have access to rail, water and air transportation and our cost of doing business is low relative to surrounding areas. The work QuinteVation does in the region will help accelerate growth in the region and continue to advance business opportunities for growth in Eastern Ontario.”
-Mike Bossio Member of Parliament for Hastings—Lennox and Addington
“Entrepreneurs think in terms of opportunities, innovation and new value creation. We look forward to the business expansion results as QuinteVation’s “entrepreneurs for entrepreneurs” takes flight.”
-Wendy Curtis, Executive Director, Northumberland CFDC
Eastern Ontario Development Program
Member of Parliament
Member of Parliament
Bay of Quinte
Member of Parliament
Hastings—Lennox and Addington