Propel, BioAlliance Win CAIP Funding
PropelICT and the P.E.I. BioAlliance have been awarded five years of funding under the National Research Council’s Canada Accelerator and Incubator Program, or CAIP, which will allow them to expand their programing.
Prime Minister Stephen Harper announced in Waterloo, Ont., today that the federal government will devote $100 million to funding several organizations across the country, including PropelICT and the BioAlliance. Though the government did not announce the size of funding, it said no accelerator would receive more than $5 million over the five-year period and all recipients must