Since TECTERRA’s inception in 2009, the non-profit organization has directly supported hundreds of startups and SMEs. The successful outcomes of these emerging technology companies have a substantial positive impact on Canada’s traditional economic sectors while providing important diversification for the economy.
Through a combination of financial support, subject matter expertise, and project-based coaching TECTERRA significantly enhances successful commercialization for these early-stage companies, thus stimulating job creation, company growth and economic sustainability.
Technology developments are already transforming traditional economic sectors. The need to develop a strong, diverse, digital economy is more urgent than ever. TECTERRA is focused on innovation in geospatial technology, which is a critical enabling platform for the collection and analysis of data across a wide range of industries and sectors. The economic impact forecast represents the foreseeable growth of the economy from TECTERRA’s investments.
TECTERRA’s non-profit business model allows it to support projects that are too risky for traditional investors. With support from TECTERRA, these technologies can reach the market faster, creating jobs, growing companies, and enhancing the lives of Canadians. TECTERRA’s combination of financial support, subject matter expertise, and project-based coaching creates an invaluable environment of learning and success for start-ups and early-stage companies, significantly enhancing their chances of successful commercialization.
Job creation is necessary to drive shared and sustainable economic growth. TECTERRA’s support of emerging companies has a positive impact on the innovation ecosystem and creates thriving new sectors. The development of these new digital sectors create long lasting, high quality jobs and attract and retain a highly educated workforce.
TECTERRA’s combination of financial support, subject matter expertise, and project-based coaching creates a supportive environment of learning and success for start-ups and early-stage companies, significantly enhancing their chances of successful commercialization and revenue growth. Many of the once risky technologies supported by TECTERRA are now successful commercial products, driving revenue growth, and enabling digital transformation.
*All statistics are dated as of Mar 11, 2021.