FedDev Ontario Invests in Southern Ontario Economy

Backgrounder

February 13, 2015

In February 2015, FedDev Ontario announced nearly $3 million for four projects that will benefit southern Ontario's economy.

Recipient	Project Location	Project Description	FedDev Ontario Contribution (up to)	Anticipated Job Creation (during project)	FedDev Ontario Initiative
Gum Products International Inc.	Newmarket	Purchase new processing equipment to accommodate product expansion, introduce a new food-safety product to protect against food-borne illnesses, and diversify into new markets.	$995,000	4	Investing in Business Growth and Productivity
HubHead Corporation	Markham	Develop and commercialize corporate software solutions, diversify customer base, and expand operations in Canada as well as in other global markets.	$625,000	4	Investing in Business Innovation
MappedIn Inc.	Kitchener	Commercialize and diversify sales of indoor mapping technology in North America and internationally.	$600,000	48	Investing in Business Innovation
York Angel Investors Inc.	Across southern Ontario	Improve investment and reporting tools, expand angel investor membership and pool of angel investment funds, and improve mentoring support available to early-stage high growth companies.	$500,000	n/a	Investing in Business Innovation
Total: 4			$2,720,000	56

Related Product

News Release: Minister Goodyear Supports Manufacturers and Entrepreneurs in Southern Ontario

Search for related information by keyword

Federal Economic Development Agency for Southern Ontario Economics and Industry

Page details

2016-12-14