Town of Cobourg Receives Federal Support for Venture 13 Initiative

(Cobourg, ON) May 18, 2017 – The Town of Cobourg is pleased to announce support from the Government of Canada and the Northumberland Community Futures Development Corporation (CFDC) for the development of “Venture 13,” a regionally unique, start-up/Small and Medium Sized Enterprises (SME) intensive technology centre.

The primary focus of Venture 13 will be to ignite and drive innovation both locally and in partnership with like-minded organizations across the eastern region. The Town of Cobourg Economic Development Department will be working with multiple community partners including the CFDC and other economic development service providers to collaboratively connect entrepreneurs, start-ups, high-growth SMEs, with industry, academia, investors and the region’s Economic Development professionals. The partnership will combine human resources and organizational intelligence that will increase economic competitiveness and diversity by attracting, retaining and expanding our business base. The result will be a two-year targeted growth of 73 jobs and 16 new business start- ups.

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