Charlottetown Startup Zone opens with goal of supporting entrepreneurship

Costing just over $1 million, a P.E.I. government and Atlantic Canada Opportunities Agency (ACOA) funded an open-concept work space that promises to promote and support entrepreneurship and successful business developmentopenedin downtown Charlottetown on Friday.

Bright, open-concept work space

The 3,600 square-foot Startup Zone office space at the corner of Water and Queen streets is described as a "bright open-concept work space designed to promote entrepreneurial risk-taking and bold ideas, all in an environment that fosters a community and network culture," according to a press release.

Support for 'budding entrepreneurs

"The economic prosperity of Prince Edward Island is tied directly to the success of Island entrepreneurs and small businesses," said Premier Wade MacLauchlanin the press release.

"Today's launch of the Startup Zone furthers our government's commitment to provide budding entrepreneurs with the business model, work space, and support they need to turn their ideas into viable new businesses."

ACOA provided $500,000 towards the project while the province is contributing $514,395 over the next three years.

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