FedDev Ontario has awarded a government grant of $7.5M for Invest WindsorEssex to develop and launch Canada’s first-ever automobility accelerator. The project will support 1,350 cleantech entrepreneurs, boost business growth, and attract $40M in foreign investment.
FedDev Ontario is investing $3.9M to support the job growth and innovation of two manufacturers, Kumi Canada Corporation and York Metal Products.
FedDev Ontario has announced an investment of $750k towards the Parkdale Centre for Innovation, a not-for-profit business accelerator, to expand its entrepreneurship program and support options for less represented groups.
FedDev Ontario invests $7.2 million into London’s agri-food business sector. Over the next five years, the government funding will help new and existing agri-food businesses located in London, Ontario to reach their full potential.
Kilmarnock Enterprise, an industrial solutions provider, has been awarded FedDev Ontario funding for COVID-19 solution projects, including a simplified and inexpensive ventilator.
FedDev Ontario grants $370k to be distributed by ventureLAB’s Tech Undivided for the growth of women-led businesses.
The Regional Relief & Recovery Fund (RRRF) provides interest-free loans to support Ontario SMEs ineligible for other COVID-19 funding programs.