A new innovation accelerator, “1855 Whitby”, has opened in Downtown Whitby – the result of a successful partnership between the Town of Whitby and local industry leader 360insights.
The new accelerator will play a pivotal role in helping to grow high potential technology companies to commercialization, creating more local jobs and economic prosperity for Whitby and Durham Region. Ultimately, the facility will help position tech companies for the global stage and a successful business future.
“1855 is historical for Whitby,” said Jason Atkins, Chair of the 1855 Board of Directors and Chief Executive Officer of 360insights. “It represents the year the Town was incorporated as a separate municipality when it grew up and became it’s own. Our mantra at 1855 is “Growth Lives Here” because that’s what we do. We help companies accelerate and grow to become their own thriving organizations.”
Through the accelerator, tech companies currently experiencing a minimum of double-digit annual growth will be provided with access to work in a creative business and collaboration space. Members of 1855 Whitby will receive onsite mentorship from industry leaders and hands-on support from experts across varying business channels to help facilitate their growth objectives.
The facility is the first of its kind in Durham Region and builds on Whitby’s existing innovation district, which is comprised of more than a dozen tech and innovation companies that individually employ more than 500 people.
“This new accelerator will create good local jobs and further position Whitby as a centre of technology,” said Whitby Mayor Don Mitchell. “The accelerator and the companies that call it home will play a key role in the continued growth of our innovation district.”