The City of Brampton continues to revitalize and unlock the economic potential of its downtown by building an innovation and entrepreneurship ecosystem: the Brampton Innovation District.
With agreements starting in 2019, the City has committed to investing approximately $20.5 million in its Innovation District, with an additional approximately $55.2 million in investments being drawn in by Innovation District partners.
Partners in the Innovation District include entrepreneurial, business incubation, post-secondary
training, and accelerator spaces like the Brampton Entrepreneur Centre, BHive Brampton, the
Ryerson-led Venture Zone, Altitude Accelerator, the Founder Institute, Algoma University, and the
Rogers Cybersecure Catalyst Headquarters and Accelerator. Sheridan Edge, the Brampton Board of
Trade and Downtown Brampton BIA are also key partners in building the Innovation District. The Innovation District is also building collaborations across the city, region, province and federally. One such example is the collaboration with Startup Peel, a Startup Canada Community that aims to give access to host of resources to the network of founders and entrepreneurs across the Startup Peel network. This collaboration, which started in 2015, is manifested through joint events such as Startup Global Trade Missions, Startup Women Program, Startup Weekend, Bootcamps, and a variety of initiatives. Building on Term of Council Priorities, the transformational initiatives underway will help create complete communities, unlock economic potential and reinforce Brampton’s unique position on the Innovation Corridor. Throughout COVID-19, the City has continued to spur downtown investment and enhance new developments in Brampton’s core. The continued evolution of the City’s Innovation District is a key piece of its Economic Recovery Strategy, and will help the City move forward from the impacts of the pandemic with a focus on sectors poised for continued growth, like cybersecurity and artificial intelligence.