FedDev Ontario Supports Innovative Talent Acquisition Tool in Waterloo
March 18, 2016 – Waterloo, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, the Honourable Bardish Chagger, Minister of Small Business and Tourism and Member of Parliament for Waterloo, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced funding of up to $483,480 to Plum.io Inc. to commercialize an innovative hiring tool for employers.
Businesses need the right resources to further develop and bring their innovative products to market. The funding, through FedDev Ontario's Investing in Business Innovation initiative, will allow Plum.io Inc. to further expand its psychological testing tool to help employers screen candidates during hiring processes. It will also enable the company to expand sales and marketing efforts to help grow its business.
FedDev Ontario's funding will also help strengthen the information and communications technology sector and software development industry in the Waterloo region.
- Located in Waterloo and founded in 2012, Plum.io Inc. expects to create up to five high-skilled and professional jobs and maintain another six during the project.
- Plum.io Inc. is leveraging almost $1 million in private funding from angel investors.
"The Government of Canada is committed to supporting business and helping the software development industry commercialize new, innovative products. Our investment in this project will help Plum.io attract influential clients, spur growth for the company, and benefit the Kitchener-Waterloo region at large."- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
"This investment will help Plum.io further develop its innovative pre-employment assessment tool that will assist businesses in finding employees who are best suited for their organizations. Plum.io is a good example of the innovative spirit that drives southern Ontario's economic success."- The Honourable Bardish Chagger, Minister of Small Business and Tourism and Member of Parliament for Waterloo
"We are honoured to have received this investment. Plum.io is committed to transforming the hiring process through our cutting-edge behavioural science and analytics. The investment will help us to continue to realize and keep pace with our rapid growth and demand."- Caitlin MacGregor, CEO, Plum.io Inc.
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