Technology companies are constantly innovating and transforming ideas into exciting new products and services. The Ontario technology sector is growing substantially with companies developing new products, and according to Invest in Ontario the IT sector here is the second largest cluster after California. Ontario’s IT cluster is centred on Kitchener-Waterloo, a region host to a…
Mississauga, Ontario based aerospace parts manufacturer, Koss Aerospace, will receive Ontario government funding from one of FedDev Ontario’s Southern Ontario Prosperity Initiatives (SOPI) to support facility expansion efforts, creating jobs in the region. Through the Investing in Business Growth & Productivity (IBGP) Ontario funding, Koss Aerospace will receive an investment of nearly $5M, which will…
The Ontario provincial government is actively distributing their Southern Ontario Prosperity Initiatives (SOPIs) to encourage economic growth, job creation, and innovation. Wolf Steel Ltd., a Barrie-based manufacturer of Napoleon Fireplaces, was recently awarded over $4 million in repayable Ontario government funding through the Investing in Business Growth & Productivity (IBGP) small business loan. This funding…
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 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…
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…
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…
FedDev Government Funding for Small Business Much like many of the small business grants offered by FedDev, this initiative is aimed at developing a more diversified and competitive economy in Southern Ontario. FedDev has pledged $210 million to this program which will give businesses the tools they need to expand geographically as well as generate…
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…