RBC announced as the financial anchor at Hub 350
RBC Royal Bank will be the financial anchor at Hub350, a state-of-the-art global technology centre that will open its doors in the summer of 2021.
Hub350 will serve as a gateway to the world-class tech industry, finance, and academic research communities.
The new infrastructure project announced by the Kanata North Business Association (KNBA) will act as a physical ‘hub’ for the tech park and aims to bring together the best in financial and investment services for tech entrepreneurs.
The KNBA represents over 543 companies located in the Kanata area and is a hub of technology and innovation.
Jamie Petten serves as the President and Executive Director of the KNBA, representing Canada's largest technology park with over 540 businesses and 24,000 employees.
Petten says the centre will serve as the “gateway to Canada’s largest technology park.”
Hub350 will offer “a brand-new ecosystem for industry, academic and finance partners to co-exist and collaborate in the heart of Kanata North.”
The newly announced financial anchor, RBC is not new to technology banking. The financial institution uses government-guaranteed loans to support the growth of small businesses, making it the perfect financial anchor for Hub350.
RBC is one of Canada’s largest banks and one of the largest banks in the world, based on market capitalization.
“RBC is a global financial institution with a purpose-driven, principles-led approach to delivering performance, and creating value for our clients and communities,” says the RBC website.
In the early summer of 2021, RBC announced the launch of RBCx, a full-service platform designed to help technology companies and entrepreneurs thrive.
ABOVE: Victoria McGlone, the Chief Operating Officer of Kanata North Business Association
Appointed as the Chief Operating Officer in the summer of 2020 and possessing a vast amount of knowledge and experience in sales, Victoria McGlone, played a big role in selecting RBC Royal Bank as the anchor finance partner at Hub350.
“RBC was a natural choice when selecting an anchor finance partner at Hub350 because their leadership and services support hundreds of our Kanata North tech companies already. Providing early, mid and late-stage capital to our member companies is a key objective of Hub350, and under RBCs leadership, we will now be poised to build an ecosystem of strategic institutions, funds and lenders to further fuel the growth and success of Canada’s largest technology park,” says Victoria McGlone, the Chief Operating Officer of Kanata North Business Association.
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