Helping Northern Ontario businesses compete in the global marketplace
News Release
Government of Canada invests $510,000 to help businesses and start-ups innovate, grow and create middle-class jobs
October 13, 2017 – North Bay, ON – Federal Economic Development Initiative for Northern Ontario - FedNor
Northern Ontario businesses will be well positioned to adopt new technologies, commercialize new products, grow their operations, capitalize on emerging opportunities and create jobs as a result of a Government of Canada investment of $510,000.
The funding was announced today by Anthony Rota, Member of Parliament for Nipissing-Timiskaming, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedNor.
Specifically, the funding will enable Innovation Initiatives Ontario North (IION) to implement its Triple-P initiative that can provide up to $10,000 to help businesses adopt new technologies, enhance productivity and increase their global competitiveness. The Triple-P initiative is expected to assist more than 40 Northern Ontario entrepreneurs grow their businesses and create or maintain up to 90 middle-class jobs in the region.
Quotes
"The Government of Canada is pleased to invest in IION to help businesses and start-ups develop and grow their operations by embracing innovation and cutting-edge technologies. Triple-P is an exciting initiative that supports our government’s Innovation and Skills Plan by helping Canadian businesses to adopt new technologies, become more productive, efficient and competitive here at home and around the world."
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
“I’m proud that today’s announcement will help accelerate business development and growth, while creating jobs and new opportunities in Northern Ontario. By supporting IION’s Triple-P initiative, the Government of Canada, through FedNor, is helping local businesses to scale up production, increase sales and create good paying jobs right here in the region.”
- Anthony Rota, Member of Parliament for Nipissing–Timiskaming
“Productivity, process and prototype are the driving force behind our Triple-P initiative and we are proud that our partnership with FedNor will allow us to support businesses in these three key areas. Northern Ontario has limitless potential and we are excited that this strategic initiative will deliver business solutions that will position Northern Ontario firms for immediate and long-term success.”
- Rob Deline, Executive Director, Innovation Initiatives Ontario North
Quick Facts
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The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.
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Innovation Initiatives Ontario North is a not-for-profit organization that provides business advisory services, strategic planning advice, and helps businesses and communities to secure the resources required to foster growth and economic development in Northeastern Ontario.
Associated Links
Contacts
Barclay Babcock
Communications Officer
FedNor
705-690-0957
barclay.babcock@canada.ca
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