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TechAlliance offers $80,000 in Non-Dilutive Investment   

LONDON, ON. October 10, 2023 — TechAlliance of Southwestern Ontario is launching the fourth  London Innovation Challenge. London Innovation Challenge is funded by the City of London to accelerate and scale locally made solutions that address areas of focus identified by the London Community Recovery Network – Investing in People, Driving Prosperity and Fostering Community.  

The London Innovation Challenge engages London innovators to develop a sustainable technology solution to address challenges facing our community. Two recipients will win a $40,000 non-dilutive investment each, plus custom business advisory services through TechAlliance Venture Growth advisors, access to the TechAlliance ecosystem, and a suite of other benefits. 

Challenge 4: Bolster Creative Industries is now accepting applications. Innovators and business are invited to submit proposals to address the challenge statement and accelerate growth of London’s film, television, music, visual arts, entertainment, gaming, events and tourism sectors. Four finalists will be chosen to compete in a live pitch competition. Applications will be open until October 23, 2023, and the finalists will be announced on November 9, 2023. The live pitch competition to select the two winners of the $40,000 prize will take place on November 23, 2023.  

TechAlliance’s London Innovation Challenge demonstrates how a community-based approach to innovation works in London. In our ecosystem we move faster and further when there is strong collaboration between creative industries and technology. By bolstering platforms that grow business in music, film, arts, gaming, events and tourism, Challenge 4 will deliver the London Community Recovery Network goals of Investing in People, Driving Prosperity and Fostering Community.

Josh Morgan, Mayor, City of London

 “The collision of the tech ecosystem and creative industries has exceptional potential in London.  Modernizing equitable access to spaces and bridging gaps in film, music, entertainment, and the arts is paramount to continued economic growth for one of Canada’s fastest growing urban centres” shared Christina Fox, Chief Executive Officer of TechAlliance. “TechAlliance’s London Innovation Challenge is a prime example of how innovation can direct resources and ideas to bolster critically important sectors in our city.” 

Applications for Challenge 4: Bolster Creative Industries are now open at techalliance.ca/LondonInnovationChallenge

We are the place for dreamers, innovators, and world-changing ideas. We create an entrepreneurial culture, launch new startups, and accelerate growth for established tech companies, while attracting the next generation of tech talent and innovative entrepreneurs. We connect people and empower talent in Southwestern Ontario. We engineer, level up, catalyze, discover and accelerate our region’s innovation economy.

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