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Hamilton Economic Development

McMaster Innovation Park boosts its thinking power

McMaster Innovation Park is acquiring some new, innovative minds with the arrival of IdeaciaONE — a consulting firm for entrepreneurial businesses.

The Markham-based company is comprised of a suite of three sets of services: SR&ED (scientific research and experimental development) claim preparation; marketing; and management and acquisition of the sale or purchase of a business and investor relations (M&A).

“We are not only opening a new office to better serve the Greater Hamilton area, but more importantly we are excited to become strategic partners with MIP and the Hamilton Economic Development department,” said Jennifer Powers, co-founder and principal, in a statement.

The company has five offices across the country in addition to the one in Hamilton. It opens in July and will have one employee based here.

Mark Stewart, marketing and leasing manager for McMaster Innovation Park, said IdeaciaONE’s presence will enable staff to offer more services to tenants who are often high-tech startups with a need for services to access capital injections, planning out a marketing strategy and research and development funding applications.

He said the company’s specialty in SR&ED will be particularly helpful.

“It’s a great addition for us — the SR&ED hole has been bugging me for a while,” he said. “Any company: small, big, new, old, whether they need some information on tax credits, getting funding for a startup product or a new product, they’ll be able to help.”

Stewart said the services IdeaciaONE offers is a nice complement to the work at Innovation Factory and Angel One investors.

“It offers us a bit more bench strength for helping companies.”

Article courtesy of The Hamilton Spectator

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