CMC Microsystems helps launch 250 Canadian tech start-ups over 25-years

Find the Latest SoC Solutions
for... Automotive... IoT... Security... Audio... Video

Hardware technology facilitator has had a hand in helping create 74 companies

www.ept.ca, Sept. 28, 2021 – 

CMC Microsystems, Canada's hardware technology facilitator, recently completed a report on their work over a 25-year span which indicated that the organization has supported the creation of 250 Canadian technology start-ups. In the last five years alone, CMC has helped create 74 companies. All but one are still in business, at 95% survival over 5 years this is far better than the typical success rate for start-ups over the same period which is approximately 45%, according to Statistics Canada.

Virtual Incubator Environment (VIE) for Startups

Gordon Harling, President and CEO of CMC, commented on the report saying CMC's model of creating and helping technology start-ups is unique. "Our focus is providing individuals and teams with the infrastructure and the tools to design, fabricate, and test their hardware products. Proving the validity of the hardware product is the cornerstone of start-up success and has tremendous impact on business viability."

The report also indicates that 50% of the 250 start ups are still active and operating in Canada. The other 50% includes companies that are still active but may have been acquired or merged, their underlying technology is still providing revenue and jobs for Canadians.

click here to read more...

 Back