Innovation Cluster Announce Record-Breaking Year In 2024

The Innovation Cluster Peterborough and the Kawarthas have declared 2024 as its best-performing year on its twentieth anniversary, announced on Wednesday.

The organization serves over 125 early-stage companies in 23 countries and regional and provincial Ontario Canadian clients. File photo.

According to Innovation Cluster, in 2024, international and regional demand for technology-based incubator and accelerator programming drove a 19 per cent increase in active clients.

“Working with the Innovation Cluster was an incredible experience,” said Kinen Ocitti, CEO & Founder of Kuwota. “We received valuable guidance from the program's experts-in-residence, who helped us understand our platform's value to individuals and mental health professionals, explore different customer acquisition strategies and build partnerships with mental health organizations.”

The following are Innovation Cluster’s 2024 highlights:

● 30 events across a broad spectrum of topics focused on skill-building and networking

● Launched the LevelUP accelerator program and conducted two over-subscribed cohorts with over 50 per cent of the applicants new to the Innovation Cluster

● Expanded the Expert-in-Residence (EXiR) program with additional expertise in funding, IP, operations, and service models and delivered over 130 expert advisory hours

● Continued to receive Government funding for new programming.

● Added a virtual component to all programming and moved to new offices in response to client needs

“I am excited to bring my experience in deep tech, venture capital, and innovation strategy to help scale startups and drive transformative change,” said Moien Giashi of GreenSky Ventures Inc. “As an ExIR, my priority is to empower founders to overcome complex challenges, fast-track their journey to market, and contribute to the ongoing success of the Innovation Cluster's dynamic and impactful ecosystem.”

“The rapid growth we experienced last year, coupled with our ability to maintain consistently high customer satisfaction, validates our vision and the quality of our programming,” said Nicole Stephenson, Chair of the Board of Directors. “2024 was a year of change in the industries and communities we serve and our organization. We left 2024 well positioned for continued growth in 2025 and beyond.”

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