Harper Government invests in eight innovative Toronto area companies
April 29, 2015 – Toronto, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, FedDev Ontario Minister Gary Goodyear delivered the keynote address at the Business Innovation Summit 2015 and outlined key measures in Economic Action Plan 2015. Today's discussions also highlighted some of the initiatives of the Economic Action Plan 2015, including renewed support for innovation, small business growth and additional investments to strengthen the manufacturing sector.
Minister Goodyear also announced that the Harper Government is investing over $4.5 million dollars in eight high-growth companies in the Toronto area through FedDev Ontario's Investing in Business Innovation initiative. From technology that helps manufacturers with quality inspection, to a micro-ultrasound system that can be used to visualize prostate cancer, these companies have developed tools to improve processes in a variety of different industries. Together, they have also leveraged nearly $11.5 million from private investors. Company and project details are available in the backgrounder.
The Business Innovation Summit 2015: Connect, Collaborate, and Innovate Together is organized by the Conference Board of Canada. The annual conference brings together hundreds of key players from Canada's innovation eco-system, including start-ups, business leaders, accelerators, venture capitalists, academics, and government, to harness the power of collaboration to fuel innovation and help bring new products and services to market.
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
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Website: www.FedDevOntario.gc.ca
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