Downtown Peterborough will become a hub for business, literally, after the announcement today of the creation of “Venture North”.
As Steve Guthrie reports, the “entrepreneurial ecosystem” brings together two of the area’s economic drivers under one roof
The Greater Peterborough Innovation cluster and Peterborough Economic Development will both be moving INto the former Promenade Building at AT THE CORNER OF George AND King Streets.The location will now be known as VentureNorth
Cameron Taylor, Venture North
“We believe by bringing all of these groups together in particular the public groups who are doing the work like the Innovation cluster is doing that really amazing things can happen”
The Innovation Cluster will retain a presence at Trent University but the new location will feature a 10 THOUSAND square foot business incubator with room for 40-50 new client companies. CEO Michael Skinner says they will also be opening a business accelerator to help those new businesses take the next step.
Michael Skinner, Greater Peterborough Innovation Cluster
“So those companies are slightly larger, they basically pay a little bit of rent, they’ve started to form a full company, they are starting to make sales, but they are still in that infancy stage when it comes to a business point of view”
The idea of being right beside resources for new and existing businesses has brought Peterborough Economic Development into the downtown hub from their current location on Wolfe Street
Rhonda Keenan,CEO, Peterborough Economic Development
“When a client comes in and needs help they aren’t sure which agency offers the help they need or they think they may need so it’s nice we are going to be able to work together collaboratively and complimentary in one space”
It’s anticipated Peterborough Economic Development will be moved into 270 George Street by 2017.
Steve Guthrie CHEX Newswatch Peterborough