LONDON, ON. JUNE 14, 2023
Today, 20 companies received non-repayable contributions of $30,000 from TechAlliance of Southwestern Ontario, 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 TechAlliance-supported companies in Cohort 2 are:
To learn more about the i.d.e.a. Fund, visit https://techalliance.ca/idea-fund
Edward Hutchinson, [email protected]
Press Secretary, Office of the Minister Responsible for the Federal Economic Development Agency for Southern Ontario
Farida Abdelnabi, [email protected]
Communications Manager, TechAlliance of Southwestern Ontario
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.