CannaTech Ventures launches a tech-focused Cannabis Business Incubator

Tech-focused cannabis entrepreneurs to receive mentorship, support, and resources for launching innovative, purpose-driven products

Candace Clark
May 3, 2022

Chicago, Il; April 2022: CannaTech Ventures announced today the development and launch of a three-month curriculum and startup program to accelerate entrepreneurs in technology on behalf of the accelerating and changing cannabis industry.

Capital raises for cannabis companies have increased 165% since dispensaries were deemed essential in 2020. The growing need for technology can be seen in most aspects of the industry, projected to be valued at over $70B globally by 2028. CannaTech Ventures is a cannabis industry technology incubator helping innovators building tech-enabled products gain access to the tools, education, networking, and capital firms necessary to increase their odds of success. Armed with a diverse set of uniquely talented experts, CannaTech Ventures moves the industry forward through global innovation by fostering new technology, promoting community, and democratizing accessibility.

Predominantly women-led, CannaTech Ventures marks one of the first and few times a minority-owned startup development program emerges to serve founders, much less so given the focus on a still nascent and even legislatively developing industry. The program launches purposefully with the tremendous collaboration of partners, mentors, and platforms, to provide a distinctly exceptional experience for cannabis professionals while embracing the ever-changing economy in support of remote work, the gig economy, and the creative class.

CannaTech team at 2112 Creative Studios in Chicago, IL.

“MediaTech Ventures’ John Zozzaro shared an opportunity to expand their platform that’s been accelerating media startups, to support the Cannabis Industry in Chicago,” Candace Clark, CannaTech Ventures Marketing Managing Director. “Chicago is on track to become the Silicon Valley of Cannabis, so we knew it was time to focus our experience and community on developing meaningful ventures and startups in cannabis.  We tapped Dominic Marella, given his unwavering support of the cannabis industry with banking and financial solutions, and 2112 Inc, Chicago’s largest creative hub, to have a home and put together an incredible team of mentors.”

Applications to the program are immediately welcome, and founders in Chicago and available remotely are encouraged to apply.  Beyond the incubator itself, CannaTech Ventures is a community and infrastructure available to founders, mentors, investors, and entrepreneurs beyond the focus on technology and welcomes everyone working in agriculture, market development, and public policy.

About CannaTech Ventures

With offices in Chicago, Illinois, CannaTech Ventures moves the cannabis industry forward through global innovation by fostering new technology, promoting community, and democratizing accessibility. 

Learn more:

Candace Clark

Candace is the Founder and CTO of Hi Tech Consulting, working with ambitious entrepreneurs and social impact leaders to implement tech-focused solutions to scale their organizations. The firm specializes in helping organizational leaders and teams use technology to automate their operations processes to increase capacity, save time, and effectively utilize resources. Candace is an app developer and registered lobbyist. She also works as Resource Organizing Director at HEAL Food Alliance. Candace completed her BSc in Computer Science at Troy University in 2019 and now lives in Chicago with her husband and four children.

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