Government Grants Ontario

Investing In Commercialization Partnerships (ICP) $20 Million Ontario Government Grant Funding Success – SOSCIP

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On April 28th, FedDev Ontario Minister Gary Goodyear announced that the Southern Ontario Smart Computing Innovation Platform (SOSCIP) Consortium would receive $20 million in Ontario government funding. On behalf of this consortium which is comprised of seven leading Ontario universities, the University of Toronto will receive funds which increases their access to advanced computing and…

Canadian Government Funding Success: Starlim North America Corp

Canadian Government Funding Success: Starlim North America Corp

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London, ON business Starlim North America was recently awarded $4M as part of the Investing in Business Growth and Productivity program (IBGP). Under this FedDev Ontario program, businesses can receive up to 25% of eligible project costs in a 0% interest government loan. This Canadian government funding program is ideal for large business expansion projects…

Three Kitchener-Waterloo Tech Firms Receive $1.775M in Ontario Business Funding

Three Kitchener-Waterloo Tech Firms Receive $1.775M in Ontario Business Funding

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The Ontario government is very active in their distribution of Ontario small business funding this month. In addition to the recent FedDev Ontario funding awarded to HubHead ($625K) and MappedIn ($600K), the government has announced three more recipients of the Investing in Business Innovation (IBI) repayable Canadian government funding program. FedDev Ontario Funding: Investing in…

Manufacturing Skills Training Partnership Program

Manufacturing Skills Training Partnership Program

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The Ontario Manufacturing Learning Consortium (OMLC) have launched a partnership program with Ontario manufacturers to help address the skills gap in the labour market. Manufacturers are finding it increasingly difficult to find talented and experienced youth who can work in manufacturing environments. To help address this the OMLC launched a partnership program where young interns…

Business Funding Success: FedDev Ontario Supports Tech Companies

Business Funding Success: FedDev Ontario Supports Tech Companies

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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…

Koss Aerospace Receives $5M in FedDev Ontario Funding

Koss Aerospace Receives $5M in FedDev Ontario Funding

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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…

$4.2M in FedDev Ontario Government Funding Awarded to Wolf Steel

$4.2M in FedDev Ontario Government Funding Awarded to Wolf Steel

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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…

FedDev Ontario Provides $2.2M in Funding for Businesses in the GTA

FedDev Ontario Provides $2.2M in Funding for Businesses in the GTA

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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…

Success Story: Over $41M awarded in January

Success Story: Over $41M awarded in January

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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…

Startup Funding: Up to $35,000 Available for Entrepreneurs via SmartStart

Startup Funding: Up to $35,000 Available for Entrepreneurs via SmartStart

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FedDev Ontario recently announced the launch of a new fund to support entrepreneurs. The SmartStart Seed Fund (SmartStart) launched with a pool of $9M to support entrepreneurs in the technology sector or companies with innovative ideas. The program provides seed financing for entrepreneurship skills training to help young business owners grow their company and make…