June 14, 2023 Burlington, Ontario
Today, 20 received non-repayable contributions of $600,000 from Haltech Regional Innovation Centre in partnership with Innovation Guelph, through Cohort 2 of the Government of Canada-supported i.d.e.a Fund.
The i.d.e.a. Fund is a southern Ontario-focused initiative that was developed to help clean growth firms access the tools they need to succeed by providing financial and business advisory supports to develop or redesign green products, services, processes and technologies that reduce impacts to our environment and create made-in-Canada climate change solutions.
The program fosters inclusion and diversity, with a focus on continuing Canada’s transition to a green economy. Supported by a $10-million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the i.d.e.a. Fund is being delivered by six Regional Innovation Centres (RICs): Innovation Guelph, WETechAlliance, Haltech, Innovate Niagara, Innovation Factory and TechAlliance of Southwestern Ontario.
“Business owners in southern Ontario are making incredible strides to promote green products and build a clean economy. The i.d.e.a. Fund offers financial and advisory support to entrepreneurs who are creating made-in-Canada solutions to our everyday problems,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “The Government of Canada is happy to support the i.d.e.a. Fund as they work with the next generation of Canada’s entrepreneurs to enable them to reach their full potential.”
The Haltech-supported companies in Cohort 2 are:
To learn more about the i.d.e.a. Fund, visit www.haltech.ca/ideafund.
“After seeing the amazing results and progress of the companies in cohort one, Haltech is thrilled to again facilitate the i.d.e.a. Fund program in Halton. We look forward to working with the second cohort of companies to help accelerate the introduction of green innovations to the market. The access to funding, mentorship, and support will bring environmental and positive economic benefits in Halton Region and Canada.”
Shann McGrail, C.E.O., Haltech Regional Innovation Centre
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
Chief Executive Officer
Haltech Regional Innovation Centre
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 Haltech Regional Innovation Centre
Since 2011, Haltech has been the go-to strategic connector and educator for startups across Halton and beyond. Today, more than 1,000 startups and scaleups have boosted their businesses through Haltech. With our client-first boutique care strategy, bold programming for women founders, range of educational events and webinars, and our diverse network of expert advisors, Haltech gives tech startups the tools they need the realize their full potential – no matter what stage they’re at.
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