Today, 12 companies received non-repayable contributions of $20,000 from WEtech Alliance, in partnership with Boundless Accelerator, through Cohort 3 of the Government of Canada-supported i.d.e.a Fund.
The i.d.e.a. Fund is an award-winning 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 driving sustainable and circular economy growth in Canada. Supported by a $5.2 million-investment for Boundless Accelerator 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): Boundless Accelerator, Innovate Niagara, Innovation Factory, Launch Lab, TechAlliance of Southwestern Ontario, and WEtech Alliance.
“The i.d.e.a. Fund continues to showcase the transformative power of collaboration and innovation,” said Yvonne Pilon, President and CEO of WEtech Alliance. “We look forward to working with the twelve WEtech Alliance-supported companies in Cohort 3 as they develop sustainable solutions, drive economic growth, and position southern Ontario as a leader in clean-tech innovation.”
The WEtech Alliance-supported companies in Cohort 3 are: DuroByte inc., Evolution Data , Crop Defenders, Wild Ones Organics, Grays Shop Inc., Frugalicious, Fetherstill Inc., Terranova UAV, Iceberg Cyber, Handy Bros Home Comfort Inc., Sherwood Innovations Inc., and Estare Inc.
“Canada is ready to be a world leader in the green economy, and southern Ontario’s businesses and organizations are in a unique position to lead the way,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “Through the i.d.e.a. Fund, Boundless Accelerator and its partners are supporting businesses across southern Ontario to commercialize innovative technologies, while adopting new green processes to create sustainable economic growth for generations to come.”
“Now, more than ever, supporting environmentally-friendly solutions and processes is essential for Canada’s future and economic sustainability,” said Irek Kusmierczyk, Parliamentary Secretary to the Minister of Employment, Workforce Development and Official Languages and Member of Parliament for Windsor–Tecumseh. The successful recipients of the i.d.e.a. Fund announced today by WEtech Alliance will drive innovative tech solutions, leading to a greener future in southwestern Ontario.”
The WEtech Alliance-supported companies in Cohort 3 are DuroByte Inc., Evolution Data, Crop Defenders, Wild Ones Organics, Grays Shop Inc., Frugalicious, Fetherstill, Terranova UAV, Iceberg Cyber, Handy Bros Home Comfort Inc., Sherwood Innovations Inc., and Estare Inc.
To learn more about the i.d.e.a. Fund and the WEtech Alliance-supported companies in Cohort 3, visit wetech-alliance.com/idea.
Quick Facts
- Across southern Ontario, 73 companies will receive non-repayable contributions of $1,460,000 in Cohort 3.
- To date, the i.d.e.a. Fund has supported nearly 320 businesses.
- Regional Innovation Centres (RICs) help Ontario’s early-stage entrepreneurs succeed by offering mentorship, market intelligence, connecting them to funding resources and help innovators work through the challenges of developing their ideas to make them marketable.
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