Canadian Mining Journal

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SUSTAINABLE DEVELOPMENT: Suncor, Fort McKay launch business incubator

ALBERTA - Calgary's Suncor Energy and the Fort McKay First Nation have launched the Fort McKay Business Incubator (...



ALBERTA — Calgary’s Suncor Energy and the Fort McKay First Nation have launched the Fort McKay Business Incubator (FMBI), an integrated, one-stop centre for entrepreneurs to develop business ideas with the assistance of experienced professions. The venture is housed in the Dorothy McDonald Centre in Fort McKay.

 

The FMBI is a three-year pilot project and will feature a board of directors with two members each to be named from Suncor and the Fort McKay First Nation. The two-person staff, a manager and administrative assistant, will be supported by an advisory committee of legal, accounting, marketing and entrepreneurial experts.

 

Suncor provided $20,000 towards the FMBI feasibility study and will provide a further $64,000 in project funding. The launch of the FMBI follows on the April 8 announcement by Suncor of having achieved a $1 billion spending milestone with Aboriginal partners on goods and services.

 

Separately, shareholders of Suncor and Petro-Canada have approved the merger of their two companies. See either www.Suncor.com or www.Petro-Canada.com.