Highlights from CTA@Boston

September 4, 2018 / Lumira News

The Consulate General of Canada in Boston and the Trade Commissioner Service has announced highlights of the Canadian Technology Accelerator in Boston.   Lumira Ventures’ Boston-based partner Gerry Brunk has served as a team member and lead mentor for the CTA program since its inception.

The Canadian Technology Accelerator in Boston (CTA@Boston) is an award-winning immersion program that drives growth for small and medium sized Canadian companies. Operated by the Consulate General of Canada in Boston, the program has assisted over 90 Canadian companies since its founding in 2013 with its unique business acceleration services that help companies commercialize or scale their business in the U.S. and global markets.   Participating companies come from across Canada in a variety of industries, including biopharmaceuticals, medical devices and diagnostics, scientific research tools and enabling technologies, and digital health.

The CTA@Boston program provides selected Canadian companies with a four-month residency that includes office space at the Cambridge Innovation Center (CIC) in Kendall Square in Cambridge, Massachusetts. It is the only Accelerator that offers team mentoring from the Canadian Mentoring Service, which comprises over 70 trained mentors from the Canadian Entrepreneurs in New England organization.

Awarded 2016 Accelerator Program of the Year by the International Business Innovation Association, CTA@Boston has achieved the following milestones:

  • 375 Jobs Created
  • $70M Capital raised
  • $58M Increase in revenues
  • 350 Strategic partners identified
  • 98 CTA Boston clients served
  • Since 2013, CTA companies globally have created over 2125 new jobs, raised over $510,576,752 in new capital, generated over $189,871,913 in new revenue, and identified over 996 strategic partners as a direct or indirect result of their CTA participation.

In May, Prime Minister Justin Trudeau called the CTA Boston “a tremendously successful program” during his private roundtable discussion in Cambridge with CTA Boston clients and CMS Mentors.   In June, colleagues from Canada’s Treasury Board reaffirmed the value of the CMS to Canada and recognized it as a world class mentoring program.    And to date, CTA Boston clients have received international recognition in Forbes 30-Under-30, Entrepreneur, Time, Deloitte and Associated Press.   CTA Boston client, Sonder’s, recent raise takes them to a total of $135 million in funding.

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