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Navigating Through Turbulent Times (Finances, Overheads, Lean Operations)

June 18 @ 2:00 pm - 3:00 pm EDT

How to scale back operations, manage overheads and operate lean to prepare for COVID recovery.

The current economic climate has been inflamed by the Covid-19 crisis and now threatens the survival of our businesses, jobs and way of life. If we are to look for a silver lining, it is the possibility that the crisis has highlighted the things we can do to strengthen our companies as we return to a “new normal”. This seminar presents a checklist for evaluating turnaround opportunities in your company and the mindset to scale back operations, manage overheads and operate lean to prepare for the recovery.

This session is part of a collaborative series with MEDJCT, Innovation Factory, ventureLAB & Haltech:

June 16: HR and Labour Considerations During the COVID-19 Crisis (Innovation Factory)

June 18: Navigating through turbulent times: managing finances, overheads and lean operations (RIC Centre)

June 19: Cybersecurity and Privacy trends in Canada (ventureLAB)

June 24: Leveraging e-Commerce Channels to Generate Revenue (Haltech)


2:00 – 2:45 pm: Presentation

2:45 – 3:00 pm: Q&A and Discussion


Steven Karpenko, Senior Business Advisor at the Ministry of Economic Development, Job creation and Trade Steven.Karpenko@ontario.ca .

Steven Karpenko has over 20 years experience assisting companies with financial turnarounds, lean operations and retail supply chain solutions. Prior to joining the Ontario government, Steven was with the Business Development Bank of Canada as a senior business advisor and Canadian Tire Corporation, managing their national network of retail sales systems. He has owned companies in the life sciences sector and commercial software development and is happy to share his experiences with you. Steven is a Certified Management Consultant and International Trade Professional (CITP | FIBP) and holds an MBA from York University and Bachelor of Business Administration from Bishop’s University.

About RIC Centre

RIC Centre is a not-for-profit innovation hub and business incubator for Mississauga, Brampton, Caledon and other communities in Southern Ontario. RIC Centres’ focus is to be a dynamic catalyst for tech companies. We help our companies grow faster and stronger. Our team consists of more than 100 expert advisors, industry, academic, government partners. The team helps companies in Advanced Manufacturing, Internet of Things, Hardware & Software, Cleantech and Life Sciences to commercialize their products and get them to market faster


About Innovation Factory

Innovation Factory is a non-profit business accelerator, serving as the catalyst for tech innovation in the greater Hamilton area since 2011. Innovation Factory provides business services, training and mentorship to help entrepreneurs with advanced manufacturing, clean tech, information tech, life science and social innovations to bring their ideas to market, increase revenues, attract investment and create jobs. www.innovationfactory.ca

About ventureLAB

ventureLAB is a leading technology hub that supports tech entrepreneurs and small businesses. Located in York Region, Canada’s densest technology cluster, ventureLAB has supported over 2,000 entrepreneurs in a region that is home to over 4,300 technology companies and 65,000 tech jobs. ventureLAB operates a 50,000 square-foot innovation hub that is home to over 45 tech companies and innovation partners. At ventureLAB, we support tech entrepreneurs through programs focused on capital, talent, and technology to grow and scale their businesses locally, nationally, and globally.


About Haltech

Through education, advisory services and strategic connections, Haltech enables start-up and scaleup technology innovators and entrepreneurs to accelerate their growth and navigate the path to profit. Haltech is a non-profit corporation supported by Ontario Government and our valued Corporate Sponsors



June 18
2:00 pm - 3:00 pm EDT
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