Communitech takes over Prospect – Canada's largest startup job board – in move to help nation's innovation economy compete on global stage
National job board connects world's tech talent with Canada's fastest growing startups
KITCHENER, ONT., July 29, 2021 — Communitech is pleased to announce it is acquiring Prospect, a non-profit organization that helps connect the world’s tech talent with Canada’s fastest-growing startups. The takeover will see the Prospect national job board rebranded under Communitech’s program offerings, and will remain free for startups and job seekers to use.
"With the takeover of Prospect, Communitech is adding Canada’s largest startup job board to its toolkit,” said Chris Albinson, CEO, Communitech. “In the international war for tech talent, offering this resource – the only free national startup job board on the globe – allows us to connect Canada’s startups with the world’s skilled workers, scale up quicker, and further position Canada as the best place to grow a tech company.”
Since launching in September 2018, Prospect has promoted over 40,000 jobs and has tracked and reported on the demand for talent for more than 1,000 Canadian tech startups. The non-profit organization board was built and powered by a network of tech organizations and ecosystem players, including founding partners BDC Capital, Golden Ventures and Communitech.
“Prospect was created to increase accessibility between Canadian tech startups and the world’s skilled workers, by centralizing all of the opportunities in one place,” said Marianne Bulger, CEO and co-founder, Prospect. “As a globally-recognized brand, Communitech is well positioned to take this job board to the next level and continue to offer and expand on Prospect’s mission.” Throughout the process of acquiring the job board, no money was exchanged between the two organizations. As Prospect’s current CEO, Bulger will continue to provide executive leadership on the national job board and remain involved as an advisor to its next phase of growth.
"’The Prospect national job board has been accretive in efforts to attract and retain talent within the Canadian tech ecosystem,’’ said Jérôme Nycz, Executive Vice President at BDC Capital. ‘’In line with its commitment to deliver a lasting impact for the ecosystem, BDC Capital is thrilled as a founding partner of this successful initiative, and looks forward to continued collaboration with Communitech.’’
The takeover of the national job board is just one of many initiatives Communitech has commenced to help Canadian tech companies prepare for the workplace of tomorrow, including the launch of the Get Back to Work[space] microsite – a one-stop resource to guide companies through the steps to the return to office process. For more information about Communitech’s talent-focused programming and services, please visit www.communitech.ca/workintech.
For media inquiries, please contact:
Manager, Public Relations
Communitech was founded in 1997 by a group of entrepreneurs committed to making Waterloo Region a global innovation leader. At the time it was a wild idea, but somehow this community managed to pull it off. Today, Communitech is a public-private innovation hub that supports a community of more than 1,600 companies — from startups to scale-ups to large global players.
Communitech helps tech companies start, grow and succeed in three distinct ways.
Communitech is a place – the centre of gravity for entrepreneurs and innovators. A clubhouse for building cool tech and great companies.
Communitech delivers programs – helping companies at all stages with access to capital, customers and talent. We are here to help them grow and innovate.
Communitech partners in building a world-leading ecosystem – making sure we have all the ingredients (and the brand) to help companies go from a small startup to a global giant.
About BDC CapitalBDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.