Archived — Government of Canada Supports Innovative Start-up Businesses in Northumberland County

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For immediate release
January 18, 2012

Cobourg, Ontario – Rick Norlock, Member of Parliament for Northumberland – Quinte West, today announced up to $529,200 in Government of Canada funding that will allow the Northumberland Community Futures Development Corporation to provide graduates and students in the fields of science, engineering, technology, and math (STEM) with the skills and support they need to launch innovative new businesses in Northumberland County.

"Our government recognizes the importance of investing in the ideas of graduates and graduate students and providing them with the skills necessary to become successful entrepreneurs," said MP Norlock. "This funding for the Northumberland Community Futures Development Corporation will help bring innovative, market-driven ideas to life, contributing to the growth of the southern Ontario economy."

The funding is being provided through the Federal Economic Development Agency for Southern Ontario's Scientists and Engineers in Business initiative, designed to assist graduates and graduate students in STEM fields in developing their business skills and launching or expanding their business ventures in southern Ontario.

Northumberland CFDC is a not-for-profit organization with a mandate to stimulate community economic development, diversity and job opportunities in Northumberland County. Through this project, the CFDC will provide business skills development training, direct financing for start-up businesses, and ongoing advisory services to local entrepreneurs.

"We believe that one of the clearest pathways to economic prosperity lies in the mobilization of science and technology and the commercialization of research and innovation," said Hugh Parker, incoming Chair of the Northumberland Community Futures Development Corporation. "Working with many partners, we are proud to be involved with FedDev Ontario's Scientists and Engineers in Business initiative. We are targeting the launch of 22 new firms in Northumberland County that will have strong growth potential in a highly competitive global marketplace."

Possible areas for the new ventures include clean energy, social media, software development, engineering, information technology solutions, agribusiness, green chemistry, manufacturing, and laboratory and technical services.

For more information on the Scientists and Engineers in Business initiative, please refer to the website.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. To learn more, visit www.feddevontario.gc.ca or call 1-866-593-5505.

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For more information, contact:

Stephanie Campbell
Executive Assistant
Office of MP Rick Norlock
613-483-8181

Media Relations
FedDev Ontario
519-571-6879

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