Backgrounder: Five Toronto businesses receive nearly $6.2 million to enhance tech sector and create jobs


July 24, 2023

Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Julie Dzerowicz, Member of Parliament for Davenport, announced a total investment of nearly $6.2 million to support the scale up and growth of five innovative tech businesses across Toronto. This includes support for the following projects:

Recipient Name Project Funding contribution

Aux Mode Inc. (AMI)

The repayable investment for Aux Mode Inc. (AMI) will scale its digital and content management platform used by studios, distributors and the film industry to protect and monetize content, streamline financial reporting and grow revenues. As a result of the investment, AMI will be able to integrate with eight additional digital platforms, including Facebook, Tubi, Amazon Prime Video, IMDB TV, Pluto TV, Roku, Pure Flix, and Direct TV to enhance Canadian content production and create 12 skilled jobs.

AMI,  incorporated in 2012, is a Software-as-a-Service (SaaS) business that provides digital management services to content creators.


Creyos Health (formerly Cambridge Brain
Sciences Inc.)

This repayable investment for Creyos will enhance commercialization of its web-based cognitive assessment platform, Creyos Health, which helps healthcare providers measure and manage patient brain health. In addition, the company will launch a new Workplace Safety Platform to assess employees’ fitness for work duty and reduce the risk of workplace accidents and injuries. As a result, Creyos will take on new corporate clients, including physicians, health networks and hospitals in Canada and the United States, as well as create 26 skilled jobs.

Creyos Health, formerly known as Cambridge Brain Sciences, works closely with The Brain and Mind Institute at Western University and has become a recognized leader in web-based assessments of cognitive function and brain health.


Manifest Climate Inc.

The repayable investment for Manifest Climate Inc. will allow the company to further develop its artificial intelligence (AI) software platform to help organizations understand, manage and communicate climate change related risks. As a result, Manifest Climate will be able to accelerate its growth, both nationally and internationally, increase corporate awareness on climate issues and create 10 skilled jobs.

Manifest Climate Inc. (Manifest) is a woman-led software-as-a-service (SaaS) company that supports organizations such as financial institutions, corporations and government entities with climate-related insights, analytics and recommendations.


Semantic Health Inc.

The repayable investment for Semantic Health Inc. will scale and accelerate the commercialization of its platform, SHIP, in hospitals and organizations to help improve efficiencies in their medical coding, billing, auditing, and documentation processes. As a result, Semantic will expand across Canadian and United States markets to deliver improvements at the frontline of care delivery and create five skilled jobs.

The company’s SHIP platform seamlessly integrates with electronic health records to support clinical decisions and optimize hospital reimbursement of medical procedures, contributing to improved operations for health organizations.


ThinkData Works Inc.

The repayable investment for ThinkData Works Inc. (ThinkData) will  accelerate commercialization of its digital catalogue, which uses data management to help clients make better business decisions, collaborate on projects and develop better products. ThinkData will create a new sales and marketing team to tailor the platform to grow its customer base, increase global market presence and create 20 skilled jobs.

ThinkData provides cataloguing services to various clients across a broad spectrum of industries, including manufacturing, banking and pharmaceuticals.


Related Product
News Release: Government of Canada invests nearly $6.2 million to create jobs and grow Toronto’s tech sector

Page details

Date modified: