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ventureLAB initiative attracting tech firms to York Region

The semiconductor industry supports a variety of products since the semiconductors, or tiny chips, can be found in thousands of products such as computers, smartphones, appliances, gaming hardware and medical equipment like ventilators. This has been an important initiative through the pandemic given the global shortage of supplies, the region stated.
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The Regional Municipality of York supports innovation and job growth through ventureLAB, with its clients generating $42 million in revenues and raising $69.5 million in public and private sector funding in 2022.

According to a York Region news release, the provincially recognized regional innovation centre has also secured several leading equipment, design and manufacturing partners to officially launch Canada’s only hardware and semiconductor lab in 2020.

Full Article: newmarkettoday.ca