Backgrounder: Six Businesses in Halton, Hamilton and surrounding areas to scale up
Backgrounder
July 3, 2024
Today, on behalf of the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the Honourable Karina Gould, Leader of the Government in the House of Commons and Member of Parliament for Burlington, highlighted an investment of over $8.5 million for six businesses to support the artificial intelligence (AI), electric vehicle (EV), manufacturing, aerospace and life science sectors.
| Recipient Name | Project | Funding Amount |
|---|---|---|
The company is developing the next generation of AI and machine learning aerial camera systems for infrastructure asset inspections that can be used with helicopters and drones. This repayable investment is part of a $5-million project. |
$2,500,000 |
|
The company is establishing a Good Manufacturing Practice (GMP)-certified production space in Oakville to produce Active Pharmaceutical Ingredients (API) for drug discovery, delivery and development in clinical trials. This repayable investment is part of a $1.5-million project. |
$750,000 |
|
The company is strengthening and expanding capacity at its Burlington facility to supply electrical steel and manufactured core components for the production of electric motors, ZEV powertrains, and power transformers through the addition of a new transformer core cutting line. The new line will assist JFE in meeting the growing demands of electrification. This repayable investment is part of an over $5.7-million project. |
$1,000,000 |
|
This Hamilton-based company is increasing production capacity and efficiency by establishing its own bottling line of sterile dehydrated bacterial powders used for microbiological testing in the agri-food industry. |
$235,358 |
|
The company is expanding its capacity to manufacture structural steel solutions in its Oakville facility by adopting advanced equipment to enhance productivity. It will also use a new production line to reduce both manufacturing time and waste, expand into international markets and create jobs in the region. This repayable investment is part of an over $14.9-million project. |
$2,800,000 |
|
The company is scaling up and improving productivity at its bioreactor manufacturing facility in Burlington to produce bioreactors in larger sizes and quantities. This will help Canadian and global businesses in the emerging cellular agricultural industry while creating jobs and reducing greenhouse gas emissions. |
$1,250,000 |
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News Release: Businesses in Halton, Hamilton and surrounding areas to scale up to support critical sectors
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