Three medical companies located in the Greater Toronto Area (GTA) will receive up to $2.2 million in investments in the year 2015. In an effort to continually advance and develop southern Ontario’s innovation sector, the Investing in Business Innovation (IBI) Initiative provides new entrepreneurs with a 0% interest business loan to support commercialization projects for…
The first phase of the Investing in Business Innovation Canadian business grants and loans program is positioned to make a big impact on small businesses in southern Ontario, including most recently healthcare solutions businesses in London and Toronto. London Ontario Cancer Treatment Receives Backing from FedDev Ontario and Venture Capital Trillium Therapeutics Incorporated was the…
FedDev recently launched a new suite of Canadian business grants and loans called Southern Ontario Prosperity Initiatives worth $530 million collectively. In response, Mentor Works is offering a string of complimentary workshops and webinars to help educate applicable businesses. Our webinars will focus on these new programs, including Investing in Business Innovation (IBI) and Investing…
To provide a more productive, diversified and competitive economy in Southern Ontario, FEDDEV Ontario has allocated $210 million to this new program called the Prosperity Initiative
Federal Economic Development Agency for Southern Ontario (FedDev) Receive up to $10M in Government Funding. The Federal Economic Development Agency for Southern Ontario (FedDev) is a key Canadian development agency. Through helping businesses become more competitive, innovative and productive, FedDev Ontario works to foster economic growth in southern Ontario. As part of its work with…
The Western Ontario Community Futures Development Corporation Association (WOCFDCA) has recently received over $3.2 million in funds from FedDev Ontario. This funding will be matched by Southwestern Ontario Community Futures Development Corporations (CFDCs), allowing for the establishment of a $6.2 million investment fund for the regional diversification of businesses across southwestern Ontario. These funds will…
The Southwestern Ontario Angel Group (SWOAG) will receive funds through the non-profit stream of FedDev Ontario’s funding program, Investing in Business Innovation (IBI). The investment of $500,000 will help the organization to increase its membership as well as its pool of investment funds to enhance its support of earl-stage, high-growth companies. FedDev Ontario Mandate to…
On December 6th the Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev), Gary Goodyear and Mark Adler, MP for York Centre were at the Innovation 2103 Conference to announce the launch of the Southern Ontario Prosperity Initiatives (SOPIs). The aim of this new assemblage of funding programs is to promote…
CAMBRIDGE, Ontario, Sept. 12, 2011 — Financing for small businesses is always of critical importance. On average, 17 percent of all Canadian entrepreneurs indicate “obtain financing” as an obstacle to growth. Although most business owners (i.e. 68%) receive financing through banking institutions, Canadian government funding and grants are increasing their penetration in Southern Ontario since the formation of…
Ryerson University has just recently been approved to administer the FedDev program called Graduate Enterprise Internship. To support Southern Ontario business funding, the details have been summarized for this new hiring program as the Graduate Enterprise Internship. iSTEM Program This is intrapreneurship for Science, Technology, Engineering and Math graduates and has gained the term of…