Investments to Support Job Creation and Economic Growth
November 12, 2014 – Kitchener, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
FedDev Ontario Minister of State Gary Goodyear, along with MPs Harold Albrecht, Stephen Woodworth and Peter Braid, today announced up to $2.03 million that will help grow innovative businesses in the Waterloo region.
FedDev Ontario is providing up to $1.53 million for three companies to further develop and bring to market a variety of products, from customization of an unmanned vehicle, to a digital display advertising system to social media content analysis. These companies have attracted more than $3.1 million from venture capital and angel investors.
FedDev Ontario is also providing up to $500,000 for the Golden Triangle Angel Network to support the growth of the angel investor community in southern Ontario. This will enable businesses to benefit from more investment capital and coaching.
The Government of Canada's contributions, through the Investing in Business Innovation initiative, are aimed at strengthening the innovation ecosystem in southern Ontario by supporting new entrepreneurs, early-stage businesses and angel investors.
Erica Furtado
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599
Media Relations
FedDev Ontario
416-954-6652
FedDevMedia@FedDevOntario.gc.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
Subscribe to our news updates and follow us on Twitter @FedDevOntario