TechAlliance of Southwestern Ontario provides 20 companies with $600,000 through Cohort 2 of Government of Canada-funded i.d.e.a. Fund™

Quick Facts

• Across southern Ontario, 125 companies will receive non-repayable contributions of $3,750,000 in Cohort 2.  
• In 2022, 117 companies received non-repayable contributions of $3,500,000 through Cohort 1. 20 TechAlliance companies received $600,000 in non-repayable seed funding in cohort 1 of the i.d.e.a. fund.  
• Led by Innovation Guelph, the fund is being delivered in partnership with five other Regional Innovation Centres (RICs): WETechAlliance (Windsor-Essex and Chatham-Kent), Haltech (Halton Region), Innovate Niagara, Innovation Factory (Hamilton), and TechAlliance of Southwestern Ontario (London). 

• Fifty percent of the businesses receiving support through the fund will be owned or led by women and 30 percent owned or led by Indigenous peoples, persons with disabilities, Black communities, racialized communities and members of the LGBTQ2+ community. 

 Associated Links 

 Contacts 

 Edward Hutchinson

Press Secretary

Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario 

[email protected] 

Farida Abdelnabi  

Communications Manager  

TechAlliance of Southwestern Ontario

[email protected]   

About FedDev Ontario 

For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn. 

About TechAlliance of Southwestern Ontario    

TechAlliance is at the forefront of Southwestern Ontario’s innovation economy, as the Province of Ontario’s Regional Innovation Centre for London and surrounding areas. Focused on supercharging our community, TechAlliance provides advice, experiences, and access to capital to launch startups, accelerate scale-ups and inspire talent.  

Funded by the Government of Ontario, Regional Innovation Centers help Ontario-based innovators and entrepreneurs clear commercialization hurdles – accelerating the growth of companies so that they can compete and succeed globally and create high quality jobs in our province.