TechAlliance of Southwestern Ontario continues partnership with Boundless Accelerator to deliver new cohort of the i.d.e.a. Fund

News Release

September 4, 2024 – London, Ontario  

Southern Ontario’s diverse network of promising entrepreneurs and businesses fuels Canada’s potential as a leader in clean technology. This is why the i.d.e.a. Fund was launched in 2022, and has provided support for nearly 245 businesses focused on green technology and clean innovation succeed through access to capital and mentoring to commercialize innovative technologies.

Today, on behalf of the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Lloyd Longfield, Member of Parliament for Guelph, announced Government of Canada support towards the continuation of the i.d.e.a. Fund, while visiting Boundless Accelerator in Guelph, Ontario.

As part of a larger $5.2 million-investment for Boundless Accelerator, delivered by FedDev Ontario, this support will enable i.d.e.a. Fund to launch a new cohort of its important programming, in partnership with five Regional Innovation Centres (RIC) partners: Innovation Factory, Innovate Niagara, LaunchLab, TechAllliance of Southwestern Ontario and WETechAlliance. This new intake will provide  companies across Ontario with access to business support and seed funding to develop and/or re-design green products, services, processes and technologies to reduce their environmental footprint.

As part of this partnership, TechAlliance will lead on delivering the i.d.e.a. Fund in Southwestern Ontario. TechAlliance will help to provide eligible clean-tech businesses in the region with advisory services and non-repayable contributions of up to $20,000 to contribute to the growth and expansion of clean-tech and circular economy solutions.

Application intake will open on September 9, 2024. For more information, including how to apply, visit the i.d.e.a Fund website.

Associated Links

Contacts

Farida Abdelnabi      
Communications Manager, Brand & Engagement      
TechAlliance of Southwestern Ontario      
647.676.2461      
[email protected] 

Edward Hutchinson
Press Secretary

Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
[email protected]

About TechAlliance

Headquartered in London, Ontario – one of the top ten emerging tech markets in North America, TechAlliance is the lead voice for the most promising startups and highest potential scaling companies in Southwestern Ontario. Home to a concentration of made-in-Canada unicorns, and supporting pathways to capital, customers and talent, TechAlliance empowers world-class ventures and fuels growth in Canada’s innovation economy by supporting founders and ventures at every stage of the entrepreneurial journey. As the place for dreamers, innovators and world-changing ideas, TechAlliance fosters a vibrant tech community for founders, industry leaders, tech talent and capacity builders, and champions and coaches entrepreneurs, amplifies and impacts businesses across the region. Funded by the Government of Ontario, Regional Innovation Centres 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. TechAlliance is also funded in part by the Government of Canada, the City of London and private sector investment.  

About FedDev Ontario

For 15 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 investment profiles, our Southern Ontario Spotlight, and FedDev Ontario’s X, Facebook, Instagram and LinkedIn.