FedDev Ontario Supports Innovative Toronto-based Company to Develop 3D Scanning Technology
June 17, 2016 – Toronto, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, Julie Dzerowicz, Member of Parliament for Davenport, 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 $858,560 for Matter and Form Inc.
Helping businesses and entrepreneurs become more innovative, competitive, and successful will ultimately improve Canada's economy and create well-paying jobs. That's why the Government of Canada is pleased to support Matter and Form to complete the development and commercialization of its second generation 3D scanners. The company's cloud-based platform gives users the power to capture 3D data from small objects and create computer models which can then be printed in 3D.
This repayable contribution, through FedDev Ontario's Investing in Business Innovation initiative, will also help Matter and Form expand its team in all areas to support sales, customer growth, research and development as well as operations.
"We are proud to support Matter and Form to further develop its 3D scanner technology. This product is an example of the innovative ideas that our companies are bringing to market here in Canada and abroad."– Julie Dzerowicz, Member of Parliament for Davenport
"Our support to Matter and Form is a great example of the Government of Canada's commitment to creating the right conditions for ideas to thrive, helping Canadian companies develop innovative products while creating high-quality jobs here in southern Ontario."– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
"Canada has the opportunity to establish itself as a powerhouse in 3D and other emerging technologies. Supporting companies like Matter and Form Inc. shows the Government's commitment to ensuring the success of Canadian businesses that will lead us into the future. We are grateful for the support and the vision this demonstrates. "– Drew Cox, CEO, Matter and Form Inc.
- Matter and Form Inc. was founded in 2013 to develop 3D scanning technology. The company first developed a 3D scanner that gives users the power to capture 3D data from small objects and create computer models, which can then be printed as three-dimensional objects. This technology is used mostly in the animation and engineering fields.
- Through this project, Matter and Form Inc. is expecting to create 12 jobs while maintaining eight jobs.
- FedDev Ontario's funding will leverage up to $1,717,120 from Sandstone Asset Management and the MaRS Investment Accelerator Fund.
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