The City of Toronto has received $5M from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to create an Indigenous Centre for Innovation and Entrepreneurship (ICIE). The ICIE will be the first business incubator of its kind in southern Ontario and will provide space and support in Toronto for Indigenous entrepreneurs who are…
BioConnect, an Ontario biometrics company, has received millions of dollars in funding from the Federal Development Agency of Ontario through the agency’s Business Scale-Up & Productivity Program (BSP). The funding will support multiple expansion projects at BioConnect, including commercializing new biometric technology and growing in new export markets. Founded in 2010, BioConnect provides biometric access…
The TechAlliance of Southwestern Ontario’s BURST incubation program supports startups in the medical technology sector that positions London, Ontario as a focal point for life science innovation. BURST has recently received a replenishment of funding which will allow the program to give more local innovators the chance to turn their ideas into profitable businesses and…
Communitech, based in Waterloo, Ontario, is a public-private innovation hub that supports tech businesses as they start, grow, and prosper. Their accelerator program, Fierce Founders Accelerator, is intended to provide companies with tools and resources to scale up their business. One of the program’s eligibility criteria is that the company has at least one female…
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…
This article discusses the top grants, loans, and tax credits from Ontario Government Funding in 2024.