Scale-Up Platform expands to support business growth in southern Ontario    

Government of Canada investment to support southern Ontario businesses and entrepreneurs at all stages of growth.

The Government of Canada announced an investment of more than $47.5 million to expand the Scale-Up Platform, supporting business growth across southern Ontario. This initiative, led by Invest Ottawa, Communitech and MaRS Discovery District, will provide such resources as capital, mentorship and access to global markets, helping thousands of businesses scale, create jobs and drive regional economic growth. The expansion aims to establish strong Canadian anchor companies, contributing to long-term prosperity and innovation across the country.

“Supporting high-potential companies to scale is essential for fostering sustainable growth in Canada’s innovation ecosystem. MaRS Discovery District has proudly contributed to this mission by helping ventures generate more than $9.8 billion in revenue, create and maintain more than 28,000 jobs, and attract more than $16 billion in capital over the past five years as part of the Scale-up Platform. This renewed investment enables us to extend critical resources to even more entrepreneurs, empowering them to drive impact and build the next generation of Canadian anchor companies.”
– Alison Nankivell, CEO MaRS Discovery District