FedDev Ontario Announces Increased Support for Innovation in Southern Ontario
“The Government of Canada is committed to diversifying our economy by supporting entrepreneurs and strengthening the innovation ecosystem in southern Ontario. Our continued support to Bioenterprise Corporation not only encourages creativity and collaboration, but also generates opportunities for long-term economic growth.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Today, we proudly celebrate all of the achievements made so far under the programs offered by Bioenterprise Corporation and its partner, Innovation Guelph. The companies showcased at today’s Innovation Expo attest to the substantial impact these programs are having on the region’s economy. We are looking forward to the next round of success stories made possible through FedDev Ontario’s continued support for entrepreneurs in southern Ontario.”
- Lloyd Longfield, Member of Parliament for Guelph
“The Innovation Expo is an excellent opportunity for recipients from both Bioenterprise’s and Innovation Guelph's seed funding programs to rally under one banner – a banner of strong Ontario innovation. Thanks to FedDev Ontario’s additional contribution, our funding programs can continue to support companies as they develop new technologies and elevate the economy of southern Ontario.”
- Dave Smardon, President & CEO, Bioenterprise Corporation
“Through the collaborative efforts of Innovation Guelph and Bioenterprise, these companies are able to share their exciting innovations in an interactive and inspiring environment − the first of its kind in Guelph. FedDev Ontario’s continued support will enable us to extend our reach to even more innovators in the region!”
- Anne Toner Fung, Executive Director, Innovation Guelph
Bioenterprise Corporation is a national not-for-profit organization, founded in 2002, that offers commercialization services to support the growth of start-up businesses in the agricultural technology sector.
Recipients of Bioenterprise Corporation’s and Innovation Guelph’s programs receive up to $30,000 in non-repayable seed financing, with each business providing matching funds, as well as business coaching and mentorship opportunities valued at up to $10,000 per business.
With the new funding announced today, FedDev Ontario is investing a total of $7.12 million in Bioenterprise to support innovation.
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