News Summary

Manitoba Innovates, a new organization formed through the merger of Winnipeg-based tech hubs Manitoba Technology Accelerator (MTA) and Tech Manitoba, aims to energize Manitoba’s startup ecosystem. The initiative, announced at MbTech Week’s Ignition event, seeks to provide early-stage startups with access to funding, networking opportunities, and mentorship. The new funding program, Manitoba Invests, offers capital ranging from $25,000 to $250,000 to prepare startups for venture capital or angel investment. Manitoba Innovates is supported by the local non-profit North Forge and is anticipated to receive government funding. Despite a challenging year for venture capital investment in Manitoba, the province’s information technology sector contributed approximately $2.2 billion to the economy in 2022, with expectations of creating 2,000 additional jobs by 2027.