The Startup Accelerator Chamber of Commerce (SACC) India has recently an MoU with Toronto Business Development Centre (TBDC) to help Indian startup founders from the SACC community scale in the North American market via Canada.
SACC was set up in 2014 in a move to promote entrepreneurship and has stimulated growth for startups in Chandigarh, Haryana, and Punjab. The non-profit organization operates over eight incubation centres across Punjab and Haryana – providing 360-degree support to its portfolio startups.
The agreement between SACC and TBDC aims to select suitable Indian startups to go through the Startup Visa selection process and relocate to Canada upon selection.
Toronto Business Development Centre (TBDC) is a business incubator established in 1990 in Toronto, Canada and the Province of Ontario, with a mandate to nurture the growth of new and emerging businesses by providing access to advisory support, physical facilities, and tools appropriate to the venture’s stage of development.
Speaking of the development, Manipal Dhariwal, President SACC said,
“The MoU between SACC and TBDC is going to be a powerful way for helping early to growth-stage founders from the SACC network to scale in the North American market, by giving them access to the mentors and advisors from TBDC network who can guide them through their scaleup journey in Canada and North America. Our strong association with TBDC will ensure we provide business and investor connections to start-ups and help them enroll for the Start-up Visa (SUV) program.”
Neha Jain, Director APAC, TBDC said,
“At TBDC we are growing the next wave of start-ups in Canada by bringing high potential founders from around the world. We know how challenging scaling up business across borders can be, so TBDC will help screen and interview companies using our established due diligence process for Startup Visa and Soft-Landing Program. We will share resources to provide business advisory (mentors) and investment networks to the start-ups that qualify under Startup Visa and Soft-Landing Program. Together, we will also provide a six-month incubation program to the qualifier companies.”