Organization: FedDev Ontario

Fed-Dev Ontario Announces Funding for Ontario Angel Networks

The federal government is providing new funding for angel investments in Ontario. Mary Ng, Federal Minister of Small Business and Export Promotion, made the official announcement on September 26 as she was participating in a panel discussion on angel investments at the National Angel Capital Organization’s World Angel Investment Summit. Up to $1.5 million will…

Sanofi to build vaccine facility with government help

Sanofi Pasteur Limited will receive up to $70 million to help construct the 150,000-square-foot Bulk Biologics Facility at the Connaught Campus in Toronto. The governments of Canada and Ontario contributed the amount to help establish the $500-million vaccine-manufacturing facility. Through the Advanced Manufacturing Fund, FedDev Ontario contributed $20 million, which is a repayable contribution. For its…

CME’s SMART program receives another $20 million

FedDev Ontario has invested $20 million in the renewal of Canadian Manufacturers & Exporters’ SMART Advanced Technologies for Global Growth program to assist firms in southern Ontario with the acquisition and use of advanced technologies in their manufacturing operations. The program provides grants up to $15,000 (covering 50% of eligible costs) for advanced technology assessments…

FedDev refunds YLF-delivered manufacturing fund

FedDev Ontario is providing the Yves Landry Foundation (YLF) with $9 million to continue delivering the Achieving Innovation and Manufacturing Excellence Global initiative. The program is designed to assist export-oriented manufacturers with employee training in support of the adaptation of new technologies, processes and procedures that boost productivity and competitiveness. It provides up to 50%…

Feds pumps nearly $31 million into Ontario firms

The federal government is investing $30.75 million in two programs targeting firms in southern Ontario firms hit hard by the recession. The Canadian Manufacturers and Exporters SMART program received $15.75 million through FedDev Ontario that will ultimately support up to 300 firms with up to $50,000 (50% of project costs) that yield productivity improvements in…