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Innovation Factory  logo — Hamilton-Halton's Catalyst For Tech Innovation

Innovation Factory

Hamilton-Halton's Catalyst For Tech Innovation

Founded 2010 Canada Hamilton, Canada 68 employees Grant Total: $11.30M Health Care, IT +5

General Information

Company Name Innovation Factory
Founded Year 2010
Location Canada Hamilton, Canada
Employees 68
Industries Health Care, IT, Information Technology +4
Funding Stage Grant
Social

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About Innovation Factory

Innovation Factory is a not-for-profit business accelerator located in Hamilton and Halton, Ontario. It is committed to building the province’s innovation community and supporting entrepreneurs in bringing their new and innovative ideas to market. The organization fosters collaboration between the communities of science, business, government, academia, and finance to accelerate the innovation process and amplify the economic and social impact of important new ideas and discoveries.

Since its establishment in 2010, Innovation Factory has played a crucial role in supporting innovators in various sectors, including advanced manufacturing, cleantech, information technology, communications and entertainment, life sciences and healthcare, integrated and smart mobility solutions, and social innovations.

Offering a comprehensive range of resources for entrepreneurs, Innovation Factory provides various programming and services, including networking events and matching seasoned experts with high-potential clients. The organization's experienced advisors guide clients every step of the way, whether they are a small start-up company located in a garage or a multinational company that has been a part of the region's fabric for a century.

The organization recently received a $7.00M grant investment from FedDev on 30th March 2021, indicating the confidence and support it has garnered from the investment community.

With its focus on supporting innovation and entrepreneurship in a diverse range of industries such as Health Care, Information Technology, Manufacturing, and Transportation, Innovation Factory stands as Hamilton-Halton's Catalyst For Tech Innovation.

Business keywords: Business accelerator, Innovation, Technology innovation, Startup support, Ontario innovation, Regional innovation center, Commercialization, Mentorship, Advanced manufacturing, Cleantech, Information technology, Life sciences, Smart mobility

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $7.00M 1
FedDev
30 Mar 2021
Debt Financing $1.00M 1
Amazon Web Services
25 May 2018
Venture Round $3.30M 1
Nokia
25 May 2018

Innovation Factory Alternatives & Competitors

View All Alternatives
Innovation Factory vs
AxelaRx Biosciences
AxelaRx Biosciences United States

The Full Service Venture Accelerator | bringing European and U.S. Life Sciences closer together

Venture round
2 employees
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Innovation Factory vs

Dual-Engine Powered Innovation Pioneer in Ophthalmology

Series B
32 employees
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Innovation Factory vs

An open-minded software engineering and information technology company, launching in 1995.

23 employees
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FAQ About Innovation Factory

Hamilton-Halton's Catalyst For Tech Innovation
Innovation Factory was founded in 2010.
Innovation Factory is headquartered in Hamilton, Canada.
Innovation Factory operates in Health Care, IT, Information Technology, Life Sciences, Manufacturing, Social Media and Transportation. Its work centres on Business accelerator, Innovation, Technology innovation and Startup support.
Innovation Factory has approximately 68 employees.
Innovation Factory has completed 3 funding rounds, raising a total of $11.30M. The latest funding stage is Grant.
Top alternatives and competitors to Innovation Factory include AxelaRx Biosciences, Arctic Vision Ltd., Eyes, JAPAN Co. Ltd., Teoresi Group, Rain Systems, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Innovation Factory and AxelaRx Biosciences are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Innovation Factory , https://bouncewatch.com/company/innovation-factory, updated 31 December 2024. When citing, please name BounceWatch and link this page.

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