Venture Development integrates experiential entrepreneurship, university expertise and community resources to provide support to Brock and Niagara’s innovators who are establishing new ventures. Venture Development helps transform today’s leading-edge ideas and opportunities into tomorrow’s robust businesses by providing student entrepreneurs, alumni, researchers and private sector companies with a forum to connect, collaborate and commercialize concepts.
Venture Development is located in the $111.4-million Cairns Family Health and Bioscience Research Complex on the University’s main campus. Venture Development occupies approximately 5,000 square feet in the Cairns Complex and has the capacity to nurture multiple companies, projects, researchers, students and entrepreneurs from across the Niagara Region.
Venture Development’s location in the Cairns Complex is a strategic decision designed to promote, create and support collaboration among the residents and some of Canada’s leading innovative thought leaders. Collaborative teams of Brock’s faculty, researchers, staff, students and alumni, plus representatives from private industry are available to support and work with residents to accelerate the launch of their new technology-focused ventures.
Therefore due to its collaborative nature, Venture Development plays a key role in establishing stronger connections in Niagara among research, commercialization, technology transfer and market development that allow entrepreneurs access to the resources necessary to innovate and commercialize their ideas.
As companies develop and graduate from the Venture Development to take up residence in Niagara Region and beyond, new spaces become available for the next round of residents, ensuring continuous growth in the Niagara Region’s business and technology sector.
In addition to its physical incubation space, Venture Development, utilizes the web portal of Innovate Niagara has a web portal that helps entrepreneurs navigate through the regulations and requirements and features the ability to create a personalized roadmap that tracks the journey of launching an idea into the marketplace. The website is part of a suite of services offered by Innovate Niagara to entrepreneurs in addition to advisory services, training, mentoring, networking and more, all available at little or no cost.
Support provided to Venture Development by the Government of Ontario’s On Campus Entrepreneurship Activities (OCEA) program has helped Venture Development in delivering the Kick-Starting Entrepreneurship program, a hands-on entrepreneurship training program for Niagara youth. The Kick-Starting Entrepreneurship program is part of the OCEA program that is an initiative of the Government of Ontario under the Youth Jobs Strategy and is being managed by Ontario Centres of Excellence (OCE). This program is a partnership between Brock University, Innovate Niagara and other community members. To read more about the funding announcement, here.
Venture Development would also not have been possible without the generous support of our government partners. In January 2012, the Federal Economic Development Agency of Southern Ontario’s Prosperity Initiative (FedDev) provided $843,500 to Brock University to be used as seed funding for Brock Venture Development. Read more about the funding announcement