April 16, 2009 – Press Release
Lead-to-Win Turns Economic Downturn into Opportunity for Laid-Off Technology Workers in Canada’s Capital Region
In the tech meltdown of 2002, four out of five laid-off tech workers did not find work in high tech, and in Ottawa-Gatineau two out of five laid-off tech workers left the region. In 2009, Canada’s Capital Region high tech sector faces a significantly greater challenge.
Today, Ontario’s Talent First Network is pleased to announce the launch of the Lead To Win program for laid-off tech workers. The program is based upon a program of the same name that was delivered during the last economic downturn in 2002. Over half of the participants in the 2002 Lead to Win program created a new business in Canada’s Capital Region. These new businesses collectively created over 300 jobs and attracted over $90M in investment.
“Lead to Win is a great initiative for our region and we are pleased to support the program,” stated Larry O’Brien, Mayor of the City of Ottawa. There is a proven recipe here. This is precisely the sort of innovative action that takes the current economic situation and turns it into a compelling opportunity for growth.”
Professor Tony Bailetti of Carleton University stated “We have a real opportunity to drive massive innovation in Canada’s Capital Region. Lead to Win will equip the next wave of technology entrepreneurs to launch new businesses that target the right market spaces. We did this in 2002 and we are going to do it again.”
David Vicary, founder of Weyeseyes and previously President and founder of Nakina Systems was also a 2002 Lead to Win participant. Vicary stated “The Lead to Win program was developed to help entrepreneurs in tough times. The lessons learned in Lead to Win were critical to my success in founding and growing Nakina Systems.”
The program is intended for talented individuals who want to launch a new technology business. The program is free to qualified applicants. Applications are currently being solicited for the program. Space is limited and interested individuals are encouraged to apply online at http://www.leadtowin.ca.
Lead to Win is sponsored by the City of Ottawa, Talent First Network and Carleton University. Lead to Win associates include alumni from the 2002 Lead To Win program, local businesses, and faculty members and graduate students of Carleton University’s Technology Innovation Management program (http://www.carleton.ca/tim).
About the Talent First Network
The Talent First Network is a successful Ontario-wide initiative funded by the Ontario Ministry of Research and Innovation and Carleton University. The Talent First Network enables the commercialization of market offers that rely on open source projects and global ecosystems for their revenue.
Contact: Tony Bailetti, Bailetti@sce.carleton.ca, 613 829 8885