Moved by: Mayor Brown
Seconded by: Councillor Toor
WHEREAS, access to capital is critical for the growth and success of the Brampton Innovation District Start-ups;
WHEREAS, these start-ups seek funding opportunities beyond the boundaries of our city;
WHEREAS, Brampton Angels is a not-for-profit, members-only organization comprised of accredited investors, aiming to discover investment opportunities in promising early-stage technology companies;
WHEREAS, the members of Brampton Angels offer not only financial support, but also provide dynamic early-stage companies with valuable mentorship and access to risk capital networks, fostering an environment of learning, networking, and growth;
WHEREAS, Brampton Angels was initiated in March 2023, with administrative support provided by Altitude Accelerator, a key component of our Brampton Innovation District;
WHEREAS, some funding for the operations of Brampton Angels is being provided to the Altitude Accelerator for some programming support, through NACO’s program from FedDev, there is a requirement for a Group Manager to oversee the operations and contribute to the success of the Group.
WHEREAS, the Brampton Angels require leadership from the City to assist with the development of the group and the City’s support.
NOW, THEREFORE, BE IT RESOLVED, that the City Council shall allocate a full time resource to the Economic Development Office to hire a Group Manager for a one year contract period to assist with the development of the Angel group. This position would be at the Coordinator level, and have a salary of Min $84,403 to Max $105,504 (plus applicable benefits). The cost of the contract will be charged to the Economic Development operating budget.