November 28, 2014 – Mississauga, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
FedDev Ontario Minister of State Gary Goodyear, along with Mississauga-Brampton South MP Eve Adams, today announced up to $6.28 million that will help grow innovative businesses and generate job growth in the Toronto area.
FedDev Ontario is providing up to $6.28 million for nine companies to further develop and market a variety of products, from business software, to synthetic sapphire components for LED screens, to handheld infection detection, to underwater energy storage. These companies have attracted more than $18.7 million from venture capital and angel investors.
The Government of Canada's contribution is through the Investing in Business Innovation initiative, which is 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
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