Eight GTA businesses receive over $14 million to enhance growth and create jobs 

Backgrounder

Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a total investment of over $14 million, through the Jobs and Growth Fund and the Business Scale-up and Productivity stream, to support the scale up and growth of eight innovative businesses across the GTA. This consists of support for the following projects:

Recipient Name Project Funding contribution Fund

Able Innovations Inc.

This repayable investment will enable the healthcare tech company to acquire advanced manufacturing equipment to bring its patient transfer platform to market, obtain regulatory approvals and enhance add-on features. As a result, the company will bring a new, much-needed medical device into clinics and hospitals and will create 24 skilled jobs.

$797,031

BSUP

BeWhere Inc.

This repayable investment will enable the mobile sensor and software company to accelerate commercialization of its new, smaller, rechargeable, energy-efficient and affordable asset tracking device, BeMini. As a result, the company will be able to expand into new global markets, increase digital marketing services and create 6 new jobs, while maintaining an additional 8 jobs.

$500,000

BSUP

Pentavere Research Group Inc.

This repayable investment will allow the healthcare tech company to scale the development and commercialization of its data management processing software, DARWEN™ Clinical Trial and DARWEN™ Customer Voice AI, which rapidly extracts, structures, and analyses complex clinical data for healthcare providers and technology partners. As a result, the company will increase revenues and create 10 skilled jobs.

$1,060,000

BSUP

Schlesinger Group Ltd.

This repayable investment will help the market research company to transition its existing platform to Methodify 2.0, a newer, faster and more robust AI-enabled one-stop-shop for market research and workflow management. As a result, the company will further commercialize its platform in Canada and the U.S., better serve its clients and create 37 jobs.

$1,354,653

BSUP

BlueDot Inc.

This repayable investment will support the software company to accelerate adoption and strengthen its global epidemic intelligence and threat monitoring platform. As a result, the company will expand its client base, help detect future outbreaks and meet the increased demand for its tech, while also creating 40 skilled jobs.

$3,000,000

JGF

Cognota Inc.

This repayable investment will support the software company in scaling its learning technology platform, LearnOps, and secure new sales opportunities with larger clients and secure new sales opportunities in Canadian and U.S. markets. The company is expected to grow revenues and create 16 jobs.

$1,972,472

JGF

Earth Boring Co.

This repayable investment will support the construction company in purchasing advanced micro-tunnelling equipment to expand the company’s trenchless tunnelling capabilities and enhance capacity to take on large-scale projects. As a result, the company will adopt greener construction techniques, increase revenues and create over 70 jobs.

$4,000,000

JGF

Mero Technologies Inc.

This repayable investment will allow the tech company to accelerate the commercialization of its smart cleaning monitoring platform, while also supporting made-in-Canada sensor production and market expansion efforts into Western Canada and the U.S. As a result, the company will increase revenues, spur local supply chain spending and create 30 skilled jobs.

$1,500,000

JGF

The Government of Canada is committed to providing businesses with the tools they need to scale-up, create good jobs and seize new opportunities to thrive well into the future.

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News Release: Government of Canada invests over $14 million to create jobs and grow economy across Greater Toronto Area

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