Innovation Factory is a not-for-profit business accelerator and Regional Innovation Centre (RIC) dedicated to fostering technology innovation in Southern Ontario since 2010. The organization provides a comprehensive suite of services including business training, mentorship, and strategic connections to help entrepreneurs and startups bring their disruptive technologies to market. Innovation Factory serves a diverse range of clients, primarily tech startups and entrepreneurs, by offering sector-specific resources such as smart transportation test environments and life science and health innovation ecosystems. The market it operates in is the technology and innovation sector, with a focus on Southern Ontario. The business model revolves around supporting startups through partnerships, grants, and sponsorships, which in turn helps these startups increase revenues, attract investment, and create jobs. Innovation Factory makes money through a combination of government funding, private sponsorships, and partnerships with established companies.

Keywords: tech innovation, business accelerator, mentorship, strategic connections, disruptive technologies, Southern Ontario, smart transportation, life sciences, health innovation, entrepreneurship.