Government of Canada Invests $3.5M in Centre for Housing Innovation
- Editor
- Jan 29
- 2 min read
What's Happening: The Canadian government is investing $3.5 million to establish the Centre for Housing Innovation (CHI), a collaborative initiative aimed at addressing Canada's housing crisis. The CHI brings together GroundBreak Ventures, DMZ, CivicAction, and NGen to develop innovative, affordable, and sustainable housing solutions.
The Key Moves:
The CHI will launch an accelerator program for housing innovation startups, providing resources and mentorship to scale impactful Canadian companies.
A training program for housing and manufacturing professionals will focus on sustainable design, regulatory compliance, and advanced manufacturing techniques.
GroundBreak Ventures, a leading property technology investor, will provide hands-on support to entrepreneurs and work with private sector stakeholders.
By The Numbers :
The Federal Economic Development Agency for Southern Ontario is investing $3.5 million in the Centre for Housing Innovation.
GroundBreak Ventures has made over 30 investments in property technology over the past 5 years.
GroundBreak Ventures is creating a new $50 million Healthy Home Innovation Fund.
Key Quotes:
"The Government of Canada's investment in the CHI represents a critical step toward addressing our nation's housing crisis," said Scott Kaplanis, Managing Partner at GroundBreak Ventures.
"Our team is committed to driving sector-wide innovation by investing in talent and technology to create tangible, lasting and exportable solutions," Kaplanis added.
"This collaboration exemplifies the leadership and creativity needed to solve complex housing challenges," Kaplanis concluded.
The Bottom Line: The Centre for Housing Innovation represents a significant public-private partnership to tackle Canada's housing affordability crisis through technology and innovation. By bringing together key players in venture capital, incubation, civic leadership, and advanced manufacturing, the CHI aims to accelerate the development and adoption of cutting-edge housing solutions that could have both national and global impact.
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