[1]The Honourable Gordon O’Connor, Member of Parliament for Carleton – Mississippi Mills, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario [1] (FedDev Ontario), today announced Government of Canada investments of up to $3.67 million to support six start-up technology development companies in the Ottawa area.
“Our government continues to support the drivers of growth and job creation – innovation, investment, education, skills and communities,” said Minister O’Connor. “Investments like the ones announced today will help start-up businesses increase their international market share and create jobs in the Ottawa area.”
Through FedDev Ontario’s Investing in Business Innovation initiative, the contributions will support the following six innovative companies:
- Up to $984,667 for BLiNQ Wireless Inc., developer of hardware for the enhancement of wireless networks
- Up to $950,000 for eSight Corp., developer of assistive technology for people with low vision
- Up to $500,000 for Impakt Protective Inc., developer of helmet sensory technology to measure the risk of concussion
- Up to $500,000 for Magor Communications Corp.
- Up to $450,000 for Fusebill Inc., developers of business application software platforms
- Up to $287,500 for ThinkRF Corporation, developer of hardware for wireless radio frequency analysis
FedDev Ontario funding for these projects will leverage up to $9.8 million in angel investment and venture capital financing.
The companies expect to create up to 123 high-value, full-time jobs in the Ottawa area during the course of these projects, with an additional 202 jobs by 2017.
1 Comment To "Government of Canada Supports Technology Development in Ottawa"
#1 Comment By Tami Quiring (@VillageGamer) On Monday March 18, 2013 @ 11:13 am
.@FedDevOntario Government of Canada Supports Technology Development in Ottawa [2]