Last week Knowledge Park and Enterprise Fredericton officially launch Planet Hatch (formerly called CEALT, or the Commercialization Environment for Advanced Learning Technologies) Centre and its ACcelR8 program.
Planet Hatch is the first centre of its kind in Atlantic Canada, and was modelled after best practices from around the globe. The Centre is described as an “entrepreneurial hub” connecting startups with the best resources.
Planet Hatch’s accelerator program, ACcelR8, will provide early-stage companies with access to coaching, mentoring, funding, space and educational tools to commercialize their technologies into game-changing products and services.
The first cohort of six come from varying knowledge-based sectors like ICT, aerospace and defence, advanced manufacturing design, and biotech. The program is designed to “navigate, align, refine and push” them through a three-month program with the option to remain in the centre for one year dependent on their growth stage.
Earlier this year the Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), announced an investment of $495,000 to provide foundational support to Planet Hatch during the first three years.