Bounce, an initiative that began two years ago as a pilot project by the Newfoundland and Labrador Association for Technology Innovation, may become its own stand-alone organization by 2023.
NATI started Bounce as an accelerator for growth in the health innovation sector in 2018.
Yesterday, the association announced Bounce 2.0, which will continue for at least the next three years thanks to funding from the provincial and federal governments, and the private sector.
Chandra Kavanagh, the director of Bounce, says the new iteration of Bounce is completely different.
She calls it a “fundamentally new organization.” Before, Bounce operated “off the side of the side of a number of people’s desks.” She says they can partner with many other companies now that they have full-time support.
Kavanagh has big plans for Bounce. She says three years of funding allows them to plan for the future, and they have their eye on becoming a “sustainable, stand-alone organization” within that time.