WaterTAP, Ontario’s Water Sector Accelerator Since 2012, Will Cease Operations June 30
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The Water Technology Acceleration Project’s (WaterTAP) funding from Ontario’s Ministry of Economic Development, Job Creation and Trade (MEDJCT) was terminated in March as a result of the provincial government’s cost-savings efforts. Therefore, WaterTAP will cease operations on June 30, 2019.
WaterTAP was created by the Ontario Water Opportunities Act to promote and foster the growth of Ontario’s innovative water technology companies. Since 2012, WaterTAP has provided critical commercialization and business support to over 300 companies helping create and retain over 1,600 high value jobs. The businesses WaterTAP supported have achieved compound average growth rates of 25%, three times the Canadian sector average of about 8%.
WaterTAP has helped Ontario achieve recognition as one of the world’s most well-known and highly regarded water technology innovation hubs. WaterTAP is respected globally as a thought leader and has provided support to both Canadian and international water technology companies interested in establishing operations in Ontario.
