Accelerator draws in two more

OCRI enrols two Ottawa startups in its new business accelerator program, which pairs promising Ottawa-based companies with industry mentors prior to their entering the market. Chosen for their “very high potential for success,” Cognilore Information Solutions Inc., a publishing management tools and services company, and Internet real estate marketing services provider Base 10 Web Solutions have moved into the OCRI premises, where they will have access to all of the business development agency’s services for up to a year. “The companies we choose for this program must be able to demonstrate that they are on track to succeed strategically and show that they are willing to leverage and take full advantage of the resources and mentors that will be available to them…” says Michelle Scarborough, VP, investment and commercialization, OCRI. “The executive teams of both Cognilore and Base 10 are absolutely driven to build successful enterprises and are prepared for the hard work ahead of them.” The business Accelerator recently helped launch IPeak Networks, which develops interactive applications for the Internet. The program’s first graduate, IPeak has since completing the course expanded from two to nine full time staff and secured two strategic partners. “The program was of tremendous benefit to IPeak Networks,” says Matthew Williams,” CTO and founder of IPeak. “The people involved provided invaluable help and guidance. The accelerator has been a key factor in our success to date.”

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