Canada invests in its first circular economy focused accelerator and test platform April 20, 2021 Maryam Farag The Government of Canada announced a non-repayable FedDev Ontario investment of nearly $5 million for the City of Guelph to develop Canada’s first circular economy test platform and accelerator, the Circular Opportunity Innovation Launchpad (COIL). Through this project, the City of Guelph, in partnership with 10C Social Entrepreneurship Hub, Innovation Guelph, the Guelph Chamber of Commerce and the County of Wellington, will accelerate the growth of circular economy-focused companies in the region. “Circular economy” refers to a system where businesses maximize resources by reusing or repurposing materials, eliminating waste and greenhouse gas emissions in all stages of production. By creating the right conditions for SMEs to advance circular economy solutions, the partners expect to create 400 jobs, commercialize over 100 new products or services, and support the development of up to 70 businesses.