| Recipient |
Project Description |
FedDev Ontario Contribution (up to) |
Quote |
| *Angel One Investment Network was established in September 2011 and is located in Burlington. Its members have to date invested more than $15 million in 32 companies. *Announced on October 14, 2014 |
Increase membership from 110 to an anticipated 210 members, resulting in up to 50 companies receiving $15 million over a five-year project period. |
$500,000 |
"This is an exciting time for Angel One. We are very pleased with this significant support as we grow our network and find innovative ways for our members, who are successful business people in their own right, to help young companies find the same success."
– Colin Wyatt, Chairman of the Board of Directors |
| Capital Angel Network was established in 2010 and is located in Ottawa. Its members have to date invested more than $9 million in 23 companies and have leveraged an additional $13 million. |
Increase membership from 60 to an anticipated 110 members, resulting in up to 40 companies receiving more than $20 million in new investments over a five-year project period. |
$500,000 |
"The Ottawa Angel community continues to invest in high-growth, early-stage companies, providing them with much needed growth capital which allows them to create jobs and grow their businesses locally, and abroad. This support from Fed Dev Ontario will help to broaden our impact, support the entrepreneurial eco-system, and further encourage investment in the Ottawa area."
– Parm Gill, Executive Director |
| Georgian Angel Network (GAN) was established in 2010 and is located in Collingwood. Its members have to date invested $3.3 million in 13 companies and have helped leverage an additional $14.6 million. |
Increase membership from 16 to an anticipated 40 members, resulting in up to 20 companies receiving more than $2.5 million in new investments over a two-year project period. |
$200,000 |
"FedDev Ontario's support is crucial to the operation of Georgian Angel Network and we view FedDev Ontario as a core partner of GAN. We thank FedDev Ontario for contributing significantly to the growth of the start-up ecosystem in southern Ontario".
– Sandy Robertson, Managing Director |
| *Golden Triangle Angel Network was established in 2009 and is located in Cambridge. Its members have to date invested more than $19 million in 37 companies and have leveraged an additional $23 million. *Announced on November 12, 2014 |
Increase membership from 100 to an anticipated 200, resulting in up to 100 companies receiving more than $40 million in new investments over a five-year project period. |
$500,000 |
"With FedDev Ontario's support, the Golden Triangle Angel Network (GTAN) has experienced unprecedented success in its first five years. GTAN thanks FedDev Ontario for the financial support it provides to our angel network, and commits to providing expanded services and funding to the early-stage ecosystem over the next five years and helps to bring renewed prosperity to communities in southern Ontario."
– Robert Douglas, President |
| Greensky President's Club (GPC) was established in 2013 and is located in Toronto. Its members have to date invested more than $2 million in 12 companies. |
Increase membership from 27 to an anticipated 70 members, resulting in up to 15 companies receiving more than $4.5 million in new investments over a three-year project period. |
$300,000 |
"The GreenSky President's Club is very pleased to receive funding support from FedDev Ontario over a multi-year period. We built the GPC to provide an innovative alternative to the standard Angel group model, providing serious early-stage investors with better quality deal flow and the increased probability of a successful exit through experienced, professional management. FedDev Ontario's support will allow the GPC to both increase the number of active angels who participate in the group as well as allow the GPC to connect with more high-quality early-stage companies in the Clean Tech and IT spaces."
– Michael T. R. List, Director |
| Maple Leaf Angels Corporation was established in 2007 and is located in Toronto. Its members have to date invested more than $10 million in 26 companies and facilitated more than $21.5 million in follow-on funding. |
Increase membership from 35 to an anticipated 75 members, resulting in up to 10 companies receiving more than $4 million in new investments over two-year project period. |
$200,000 |
"Fostering innovation in Ontario and Canada is a responsibility shared by many that include Investors, Angel Groups and Government. MLA is leveraging FedDev Ontario funding to provide mentoring, education and many events that assist entrepreneurs to grow their businesses."
– Gerard Buckley, Chairperson |
| Niagara Angel Network was established in 2011 and is located in St. Catharines. Its members have to date invested more than $6.3 million in 14 companies, which has leveraged more than $30 million in additional equity and funding to those companies. |
Increase membership from 52 to an anticipated 100 members, resulting in up to 42 companies receiving more than $10.5 million in new investments over a five-year period. |
$500,000 |
"Our members are a catalyst for economic development and investing in the growth of our Region. Thanks to the Government of Canada, the Niagara Angel Network can now expand its membership and support the growth of early stage companies. This provides us with an opportunity to develop not only new technologies and economic development, but the best young minds we have here in Niagara."
– Fred Davies, Chair |
| Peterborough Region Angel Network was established in 2008 and is located in Peterborough. Its members have to date invested $350,000 in two companies, leveraging an additional $500,000 in the Peterborough area. |
Increase membership from 18 to an anticipated 35 members, resulting in up to 6 companies receiving $500,000 in new investments over a two-year project period. |
$200,000 |
"This exciting announcement of funding will enable the 'Peterborough Angels,' along with our strategic partner the Greater Peterborough Innovation Cluster, to provide enhanced support for entrepreneurship and economic development in the region."
– Yves LaFortune, Executive Director |
| Southeastern Ontario Angel Network was established in 2014 and is located in Kingston. |
Increase membership from 10 to an anticipated 65 members, resulting in up to 21 companies receiving $4.2 million in new investments over a three-year project period. |
$225,000 |
"We have to capitalize on the many potential investors in this region who can contribute investment and experience to help build and grow new companies in this region. The Southeastern Ontario Angel Network (SOAN) will provide a vehicle and support to bring individual investors together and to leverage that investment and maximize its impact on growth in this region."
– John Molloy, Director |
| *Southwestern Ontario Angel Group was established in 2008 and is located in London. Its members have to date invested more than $4 million in 15 companies and have leveraged an additional $8 million. *Announced on October 15, 2014 |
Increase membership from 65 to an anticipated 115 members, resulting in up to 40 companies receiving more than $10 million in new investments over a five-year project period. |
$500,000 |
"The FedDev Ontario Investing in Business Innovation initiative has been instrumental in increasing and accelerating the start-up and growth of early-stage technology-based companies. The support of FedDev Ontario has allowed SWOAG to increase membership, increase private sector investment in business growth and enhance our abilities to guide, mentor and advise entrepreneurs."
– Carmen S. Gicante, Managing Director |
| Spark Angel Network was established in 2012 and is located in Ajax. |
Increase membership from 16 to an anticipated 46 members, resulting in up to 12 companies receiving more than $3 million in new investments over a three-year project period. |
$225,000 |
"With this financial support and multi-year commitment from FedDev Ontario, the Spark Angels Investment Network will be able to accelerate its efforts in building an entrepreneurial culture within the Durham and Northumberland regions. We focus on providing start-up and growth capital to businesses built on innovation and sustainable growth technologies, businesses that can create high-value, knowledge-based jobs and opportunities for current and future generations of entrepreneurs within our community."
– Malcolm MacTaggart, Executive Director |
| *Windsor Essex Capital Angel Network was established in 2013 and is located in Windsor. Its members have to date invested more than $1.72 million in 12 companies. *Announced on November 13, 2014 |
Increase membership from 11 to an anticipated 30 members, resulting in up to 10 companies receiving more than $2.5 million in new investments over a three-year project period. |
$225,000 |
"The Windsor Essex Angel Capital Network (WECAN) is extremely grateful for the funding being provided by FedDev Ontario. This funding will help WECAN meet its objectives to: disseminate information to angel members and community stakeholders; assist in fostering stronger relationships between entrepreneur and investor; and promote growth for seed and start up investment opportunities in Windsor and across southern Ontario."
– Omer L. Hageniers, Windsor Essex Capital Angel Network |
| Total: 12 Angel networks with 520 members, who have invested more than $70.67 million in 186 companies |
Up to 576 new members, who are anticipated to invest up to $116.7 million in up to 366 companies |
$4,075,000 |
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