Summerside Xchange:
ACCELERATE YOUR SUCCESS!
A transformative NEW product business accelerator for owners and investors, driving rapid learning to minimize risk and maximize growth in North America.
The Xchange program helps existing and new companies with innovative products access North America's best resources for establishing and scaling their businesses. Summerside Xchange provides real-life customer testing and experimentation opportunities to ensure they are fully prepared for successful product launches in the North American market and future funding efforts.
In short, the Summerside Xchange is your go-to partner for validating innovative products, driving value in Summerside and beyond through comprehensive business growth services, including the "first customer experience," which offers rapid testing, learning, and commercialization pathways for innovative companies.
CHALLENGES
The Summerside Challenge Program are issues that the City of Summerside would like to resolve using open innovation methods and partnering with innovation driven businesses in providing solutions to specific technology challenges that the City has identified as worthy of finding solutions. You can find previous and current Challenges
here.
Join Summerside Xchange for>>
Join Summerside Xchange for>>
Join Summerside Xchange for>>
Join Summerside Xchange for>>
Join Summerside Xchange for>>
Join Summerside Xchange for>>
Validation
from industry experts and thought leaders
Opportunity
to pilot your start-up’s offerings in a real-world environment with world-class infrastructure
Space to experiment
via our state-of-the-art Living Lab Facility, which is free to use for the duration of the program and touts ample office and lab space
Mentoring
from a wide array of professional networks
Investment
possibility courtesy of our team at the city of Summerside and our investor partners
How Does
the Summerside
Xchange
Work?
The unique Summerside Xchange program offers real-life testing and experimentation environments where cleantech companies collaborate with first customers in a rapid, immersive learning setting. Designed for a fixed period, the program aims to compress the development cycle by 3X through a real-world, “learning by doing” approach.
As Summerside Xchange is a hands-on program, we accept only a select few new companies each year. The program duration ranges from 3 to 12 months, tailored to the successful applicant’s needs, with applications accepted on an ongoing basis.
The Summerside Challenge Program focuses on resolving key issues identified by the City of Summerside through open innovation methods. This involves partnering with innovation-driven businesses to develop solutions for specific technology challenges deemed critical by the City.
Both the Summerside Xchange and the Summerside Challenge Program use the same application format.
Xchange Scope of Services:
Business Plan Review:
Comprehensive analysis to refine and enhance your business plan.
Customer Engagement:
Strategies to connect with and understand your target audience.
Technical Due Diligence:
Rigorous evaluation of your technology’s capabilities and potential.
Product Trial/Pilot:
Real-world testing to validate and improve your product.
Investor Pitch Support:
Assistance in crafting compelling pitches to attract investors.
Project Management:
Guidance to ensure seamless execution of your initiatives.
Business Planning and Strategy:
Tailored support to align your goals with actionable strategies.
Government Funding:
Support in identifying and securing available funding opportunities.
Office/Production Space:
Access to Space in Building Zero—Eco Park for Operations and Production.
Professional Business Services:
Expert accounting, legal, and intellectual property (IP) protection services.
Summerside Xchange’s
Strategic Partners
