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…
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 Canadian Government awarded over $24M in business grant and loan support through the Prosperity Initiative to Ontario companies in the month of January. This support will be used by businesses and not for profits to acquire new capital equipment, improve facilities, create jobs, and support their supply chain. Of this, Mentor Works clients were…
The Federal Economic Development Agency for Southern Ontario (FedDev) Minister of State, Gary Goodyear, and MPs, Harold Albrecht, Stephen Woodworth and Peter Braid, were in Waterloo on November 12th to announce a $2 million investment in innovative local businesses. An investment of $1.53 million will be shared by three businesses, and an additional investment of up…
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…
In the winter of 2013, FedDev Ontario announced the launch of the Investing in Business Innovation. The goal of the program is to assist early-stage businesses in addressing challenges to growth and product commercialization. Funding from IBI is dispersed as a 0% interest loan and supports projects up to two years in length. Projects should…
Investing in Business Innovation for Angel Networks is operated by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) as a part of Southern Ontario Prosperity Initiatives (SOPIs). Canadian business grants offered through the Investing in Business Innovation (IBI) Program funds projects that attract investment and increase efficiency and effectiveness of investment in innovative,…
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…
The Southern Ontario Prosperity Initiatives (SOPIs) from FedDev Ontario provide government funding opportunities to new and established businesses and not-for-profits. The Investing in Business Innovation (IBI) program also has a stream for Angel Networks. The funding from the IBI program is available to Angel networks as a grant towards project costs. IBI Government Grants Canada…
FedDev Ontario’s Prosperity initiatives include funding for not-for-profits (NFP’s) with innovative projects that will provide a positive economic impact on their region. The funding from Investing in Business Innovation (IBI) for NFPs will support up to 100% of the costs of the project, to a maximum of $20 million, as a grant. IBI also has…