Greetings to Manitoba’s innovation network. 2014/15 was a groundbreaking year for Manitoba’s startup and innovation scenes and I wanted to take a moment to thank you and celebrate the milestones we’ve achieved together.
We’ve recently completed our annual report, which reflects on some of the success we’ve had in meeting our key mandates, especially in the areas of promoting entrepreneurship, supporting the creation of next-generation startups, and stimulating access to risk capital. Here are some selected highlights:
- $52.2 million of equity has been raised by the companies that have gone through Venture’Challenge since inception.
- Since 2013, Venture’Challenge winners have raised a total of $2.2-million in risk capital, an average of $430,000 per company.
- Of the 67 entrepreneurs that have participated in Pitch’Day to-date, 23 are now actively operating companies that have raised a total of $2.4 million in risk capital, an average of over $100,000 per company.
There is much more to celebrate and I encourage you to download and circulate the report with those who you think might find it interesting.
Thank you once again to all who have helped make this progress possible. We at Innovate Manitoba look forward to our continued journey to an ever more vibrant innovation scene in Manitoba.
President and CEO
Innovate Manitoba Inc.