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Canadian tech startup companies now have a new avenue to commercialize innovations, scale their businesses faster and achieve market success with the introduction of Communitech's HYPERDRIVE program that will provide capital of up to $700,000 for high-potential companies - with a $30 million program to draw on. Backed by key investment firms and angel funders, service providers, strategic partners and mentors, Communitech plans to put innovation into HYPERDRIVE.

"We're revving up the opportunity for tech startups to get traction in the industry sooner, with more support from investors," said Iain Klugman, CEO of Communitech, the organization representing 800 tech companies in Waterloo Region. "HYPERDRIVE will speed time to market and help surface the next big tech stars in Canada and beyond."

To read the full, original article click on this link: Canadian Tech Innovation Goes Into HYPERDRIVE as Communitech Launches $30 Million Program for High-Potential Tech Startups - MarketWatch