ENVGO Inc., a leader in electrifying the boating industry, proudly announces its selection into the final phase of the prestigious AC:Studio program, cementing its status among Canada’s top emerging startups. Selected as one of only 25 elite companies, ENVGO has been awarded $100,000 in grants through this program, along with personalized mentorship and workshops.
Launched in 2022, the AC: Studio program, backed by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), combines the benefits of traditional business incubators with a venture studio model. This hybrid approach offers comprehensive support to rapidly accelerate growth and successfully scale companies.
“This is a monumental step for us,” said Mike Peasgood, CEO of ENVGO Inc. “The AC:Studio program has provided invaluable resources, mentorship, and support, which have been instrumental in driving the development of our first product, the ENVGO NV1. We’re grateful for this opportunity and excited to contribute to the future of sustainable boating.”
This achievement marks a major milestone for ENVGO as it positions itself as a key player in both the tech and clean energy sectors, advancing its mission to revolutionize the boating industry with its high-performance, environmentally friendly solutions.
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