The Southern Ontario Fund for Investment in Innovation (SOFII), a Canadian government funding program, was first showcased in a blog in early July 2012. FedDev Ontario announced that this $20M investment, funded by their Prosperity Initiative, would support SME’s across Southern Ontario. The Canadian Government Funding program is divided into two regional areas with involvement…
Canadian SMEs are paramount to Canada’s economic performance as they employ over half the nation’s workforce and make significant contributions to Canada’s GDP. Innovation is critical to the growth of Canadian SMEs, allowing them to create high-value job opportunities and shape a prosperous economic future in any community. With these realizations, FedDev Ontario has recently…
Susan Truppe, Member of Parliament for London North Centre, recently announced the Federal Government of Canada has invested funds in the Southwestern Ontario Angel Group. This in turn will help the organization connect more angel investors with promising new businesses in the region. The decision was made due to the Federal Government of Canada recognizing…
The Southern Ontario Fund for Investment in Innovation (SOFII) is a new Canadian government funding program that was released yesterday. FedDev Ontario announced that this $20M investment funded by their Prosperity Initiative would support SME’s across Southern Ontario. There was a strong realization that innovation is critical to creating high-value job opportunities and creating a…
Several Canadian Government funding organizations exist to help various business sectors, such as the previously mentioned FedDev Ontario, that supports Southern Ontarios economy. Another organization available to help small businesses is FedNor, which provides Canadian funding for business sectors in Northern Ontario. The Northern Ontario Development Program provides small business funding grants for the adoption…
Over the past decade, a large number of successful software development and technology firms have originated in the Southwestern Ontario Region. These success stories have sparked the imaginations and interests of hundreds of young and talented entrepreneurs within the region. These individuals have identified a problem along with an innovative solution; they now require the…
FedDev Ontario has acquired new funding for its thriving Applied Research and Commercialization Initiative (ARC). The Applied Research and Commercialization program are currently accepting applications from any campus faculty partnered with any Southern Ontario small- or medium-sized enterprises interested in gaining Canadian government funding to provide innovative products and processes to the market, or improve…
Conestoga College has recently announced that they will no longer be accepting applications for the Graduate Enterprise Internship Program. Businesses that are looking to receive small business funding grants through the GEI/iSTEM Program are still able to submit their funding applications to one of the other participating organizations: Ryerson University and the University of Waterloo….
FedDev is currently promoting their business funding grants for hiring new Science, Technology, Engineering, or Math (STEM) graduates. The program is called Graduate Enterprise Internship (GEI); however, some organizations more commonly refer to it as the iSTEM Program. The program provides funding for small business to provide wages and mentorship opportunities for young graduates in…
The Canadian Government sector, FedDev Ontario, has announced a top-up of funding to a pre-existing Ontario business grant called the Applied Research and Commercialization Initiative (ARC). The initiative is a Small Business Funding Program for Research and Development projects involving post-secondary collaboration. The program provides funding to accelerate research and development and enhance innovation and…