From left: Mauro Lollo (President, First Stone Venture Partners), Debra Marshall (Chair, Upper Canada Equity Fund), Dr. Wendy Cukier (Vice-President, Research and Innovation, Ryerson University) and Dave Fell (Chief Executive Officer, Eastern Ontario Regional Network).

New partnership to promote research, technological innovation and entrepreneurship

by Wendy Cukier, Vice-President, Research & Innovation

Ryerson is pleased to partner with Prince Edward/Lennox & Addington Community Futures Development Corporation (PELA CFDC), First Stone Venture Partners (FSVP), and the Eastern Ontario Regional Network (EORN) to promote research, technological innovation, attract and accelerate start-ups and advance economic development in the region.

This collaboration, recently announced, will strengthen the innovation ecosystem of Prince Edward and Lennox & Addington Counties and the Eastern Ontario Region broadly.

Strengthening regional or rural technological innovation and their connection to other national or international markets is an important step in narrowing Canada’s innovation gap and promoting economic development. Understanding the demand and application side of innovation and its impacts is also vital if we are to realize the transformational potential of emerging technologies.

The collaboration brings together the expertise of Ryerson in entrepreneurship and its support of company creation, as well as leading research into bridging the gap between innovation and adoption with Eastern Ontario’s top public and private organizations who are already driving economic growth and entrepreneurship through investments, training, incubation of start-ups and the promotion of diversification of the region through growth of tech-focused companies.

While this collaboration is new, all partners have expertise in advancing economic development and contributing to innovation and have partnered together previously. Over the last two years, FSVP and PELA CFDC have a successful track record of investment that productizes, and commercializes and takes to market globally competitive products and services including one of Ryerson’s DMZ companies Komodo Open Labs.

Ryerson and EORN have also worked together through Ryerson’s Magnet program, which helps in matching companies to the best skilled talent.  These partners and their programs have also been previously recognized and supported by government partners such as FedDev Ontario and the Ministry of Training Colleges and Universities.

For more information, read about this initiative in Tech Vibes.