Archived — Additional Project Information

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Investing in Business Innovation

Alpha Cancer Technologies will receive a repayable contribution of up to $950,000 through FedDev Ontario's Investing in Business Innovation initiative to complete studies and bring to clinical trials its proprietary cancer therapy platform. The therapy platform bypasses health cells and more effectively treats cancer cells at lower doses of costly chemotherapy drugs in part due to its innovative use of the human protein called alpha-fetoprotein (AFP). Alpha's therapy platform reduces the necessary dosage of costly chemotherapy drugs while enabling patients to avoid many adverse side effects with improved outcomes over traditional chemotherapy treatments. Funding from FedDev Ontario has enabled the company to attract up to $2.1 million from XDL Angel Group. The company expects to create 24 high-value, full-time jobs during the course of the project, with additional long-term jobs once the therapy platform is fully commercialized.

For more information please visit: www.alpha-cancer.com

BettertheWorld Inc. is receiving a repayable contribution of up to $500,000 through FedDev Ontario's Investing in Business Innovation initiative to complete development and commercialization of FlipGive, its online system that matches fundraisers with retailers to create targeted campaigns. FlipGive allows retailers to sponsor not-for-profit organizations by donating gift cards used in fundraising campaigns. Fundraisers use the online system to create a campaign and specify their financial goals and geographic area and are matched with retailer sponsors already in the system that will appeal to their target donor audience. Funding for this project from FedDev Ontario has enabled the company to attract investment of up to $2 million iGan and the MaRS Investment Accelerator Fund. The company expects that this project will create up to seven high-value, full-time jobs during its course with an additional 63 jobs created by 2015.

For more information please visit: bettertheworld.com

Breakeven Inc. is receiving a repayable contribution of up to $250,000 through FedDev Ontario's Investing in Business Innovation initiative to expand functionality of CauseView, its donor management and fundraising software for not-for-profit organizations. This project will accelerate commercialization by expanding functionality including development of apps for websites and mobile devices, and increasing ability to capture and manage data. FedDev Ontario funding has enabled the company to attract up to $500,000 from members of Angel One Investor Network and York Angel Investors. The company expects that the project will create four high-quality, full-time jobs during the project and up to 14 additional jobs by 2017.

For more information please visit: www.breakeveninc.com

CellAegis Devices will receive a repayable contribution of up to $750,000 through FedDev Ontario's Investing in Business Innovation initiative to complete trials and commercialize the company's automatic Remote Ischemic Conditioning (autoRIC) medical device. The device automates the process of strengthening hearts to improve recovery time for heart attack and stroke patients at reduced treatment costs. It may also prove to be useful as a preventative treatment since conditioning the heart can significantly reduce the risk of complications and damage during surgery. Funding from FedDev Ontario has enabled the company to attract up to $2 million from the MaRS Angels and the Network of Angel Organizations–Ontario. The company expects that this project will create up to 12 high-value, full-time jobs in the Toronto area.

For more information please visit: www.cellaegisdevices.com/index.html

ClearFit Inc. is receiving a repayable contribution of up to $557,500 through FedDev Ontario's Investing in Business Innovation initiative to help expand the functionality and market reach of its patented online hiring solution. Enhancements to the online system will include the ability to integrate it with partner networks and the development of mobile applications. ClearFit has leveraged FedDev Ontario's funding for up to $1.1 million from a syndicate of investors including BlackBerry Partners Fund and angel investors from Origin Angel Group. The company expects that this project will create up to 21 high-value, full-time jobs as a result of this project.

For more information please visit: www.clearfit.com

Creative D. Inc. is receiving a repayable contribution of up to $400,000 through FedDev Ontario's Investing in Business Innovation initiative to develop and commercialize Decksi, the company's software platform for digital content management. Decksi is a software solution for media companies to use digital media to maximize brand awareness and gaining consumer insights that can increase sales. The data produced by Decksi allows users to adapt and respond to consumer feedback and preferences to increase market reach. This project will complete development, including extension into emerging social media and mobile platforms, of this first to market software platform. Funding from FedDev Ontario has allowed the company to attract up to $800,000 from the MaRS Capital Angel Organization and the MaRS Investment Accelerator Fund. The company expects that this project will create up to 13 high-value full-time jobs during the project and up to 68 additional jobs by 2017.

For more information please visit: creatived.com

Flixel Photos Inc. is receiving a repayable contribution of up to $283,333 under FedDev Ontario's Investing in Business Innovation initiative to help it complete development of its commercial cinemagraph software. Cinemagraphs are a new form of advertising art, which modifies still images to include subtle movements. Current production methods of high resolution cinemagraphs are often prohibitively expensive. This project will allow Flixel Photos to complete development and commercialization of its software which creates high-quality cinemagraphs more efficiently and at reduced costs. It is anticipated that this technology can have a major impact on the accessibility and use of cinemagraphs with small- and medium-sized businesses across Canada. Funding provided by FedDev Ontario has enabled the company to attract up to $566,667 from angel investors. The company expects to create up to four highly skilled full-time jobs during this project and up to seven additional jobs by 2016.

For more information please visit: flixel.com

Locationary Inc. is receiving a repayable contribution of up to $587,000 under FedDev Ontario's Investing in Business Innovation initiative to complete final development and commercialization of Saturn, a software platform for the management of business data. Saturn allows businesses the ability to broadcast updated information to internet publishers on demand and in real time while reducing costs and increasing reliability of data for the directory distributors and publishers. This project will accelerate development and bring Saturn to market. FedDev Ontario's contribution has enabled the company to attract up to $1.9 million from the Maple Leaf Angel Network and MaRS Capital Angel Network. The company expects that up to 12 full-time jobs will be created as a result of this project.

For more information please visit: www.locationary.com

Outside Intelligence Inc. is receiving a repayable contribution of up to $750,000 through FedDev Ontario's Investing in Business Innovation initiative to further develop its context aware software, Risk Discovery Platform (RDP). RDP represents Software as a Service (SaaS) and enables companies to better manage large amounts of highly complex data across internal and external systems with improved efficiency and accuracy from current methods. RDP also enables companies to extract relevant information in real-time to perform due diligence, inventory management, financial assessments and more. Funding from FedDev Ontario has enabled the company to attract up to $1.5 million from the Angel One Investor Network. The company expects to create up to eight highly skilled full-time jobs during the project and up to 15 additional jobs by 2016.

For more information please visit: outsideiq.com

Rna Diagnostics will receive a repayable contribution of up to $462,500 through FedDev Ontario's Investing in Business Innovation initiative to complete the research needed for its diagnostic test, which assesses the efficacy of chemotherapy in individual patients undergoing treatment for breast cancer. This technology provides significant benefits to patients, including the ability to make informed decisions regarding other courses of treatment that offer better outcomes. The goal of this project is to prepare the diagnostic test for commercial launch in European markets. Rna Diagnostics has leveraged FedDev Ontario's contributions for investments of up to $925,000 from Golden Triangle Angel Network, York Angel Investors, Niagara Angel Network and Southwestern Ontario Angel Group. The company expects to create more than 13 full-time jobs during the course of this project, with additional jobs as the company prepares for commercial entry into North American markets.

For more information please visit: rnadiagnostics.com

Ryerson University's Ryerson Angel Network (RAN) is receiving a non-repayable contribution of up to $100,000 under FedDev Ontario's Investing in Business Innovation initiative to help it attract a larger number of active angel investors through expanded investment activities in the Toronto area. This project will focus on development of best practice training materials, recruiting and training seminars, promotional tools, reporting and monitoring systems, outreach and promotional activities to attract investment and assist entrepreneurs in packaging and presenting their deals, investments, evaluation and due diligence. The benefits of the project include a increased investment pool, expanded geographic coverage, additional industry expertise in the angel network, and an expanded number of RAN investors from the current base of 45 members to a projected 65 members over a two-year period.

For more information please visit: www.ryersonangelnetwork.com

Speakerfile is receiving a repayable contribution of up to $400,000 through FedDev Ontario's Investing in Business Innovation initiative to design, develop, test and pilot the company's online software platform that connects industry experts to speaking opportunities, event organizers and media. The platform also develops partner infrastructure through software to software interface applications. This project will allow the company to accelerate the development of its online platform and establish relationships with technology and channel partners. FedDev Ontario's investment leverages an additional $800,000 from accredited angel investors with the Capital Angel Network. The company expects that this project will create nine new full-time equivalent jobs by project completion.

For more information please visit: www.speakerfile.com

TopHatMonocle Inc. is receiving a repayable contribution of up to $750,000 through FedDev Ontario's Investing in Business Innovation initiative to develop software enhancements for its Classroom Response System (CRS), which connects teachers with students electronically. CRS includes online textbooks, assessments, homework, tutoring and corporate learning tools. This project will focus on implementation of improvements to the interactive learning experience using smartphones, tablets and computers. Funding from FedDev Ontario has enabled the company to attract up to $6.25 million from iNovia Capital. The company expects to create up to 16 high-value full-time jobs during implementation of the project with an additional 15 jobs by 2017.

For more information please visit: www.tophatmonocle.com

Viafoura is receiving a repayable contribution of up to $980,000 through FedDev Ontario's Investing in Business Innovation initiative to complete development of its software platform that maximizes audience interactions on digital publishers' websites. The platform uses a master dashboard to manage a combination of text, audio, video and reward systems. This contribution will allow the company to accelerate the development of its software. FedDev Ontario's investment leverages an additional $2 million from Golden Triangle Angel Network, Georgian Angel Network and York Angel Network. The company estimates the project will create 47 new full-time equivalent jobs by 2015.

For more information please visit: www.viafoura.com

Vive Crop Protection Inc. will receive a repayable contribution of up to $728,000 through FedDev Ontario's Investing in Business Innovation initiative to develop two new crop protection formulas for its proprietary technology that avoids the over spraying of crops. The company's technology removes volatile organic solvents and replaces them with bio-inert or biodegradable products, making it a more cost-effective means of spraying crops with significant environmental benefit as well. Funding from FedDev Ontario has enabled the company to attract up to $1.5 million from the MaRS Angel Network. The company expects that up to 12 full-time jobs will be created during the course of this project with an additional 50 jobs by 2016.

For more information please visit: www.vivecrop.com

Xagenic will receive a repayable contribution of up to $990,000 under FedDev Ontario's Investing in Business Innovation initiative to accelerate the design and development of a new molecular diagnostic testing system. The company's innovative proprietary diagnostic platform, which detects infection using nanotechnology, allows medical professionals to provide lab quality diagnosis of viral and bacterial infections during physical examination of patients. This project will focus on development and clinical testing to commercialize the cartridge and tool for the first commercial product. FedDev Ontario funding has also enabled the company to attract investments of up to $10 million from CTI Life Sciences Fund, the Ontario Emerging Technologies Fund, and Qiagen N.V., a global company operating in the diagnostics and lifesciences sectors. The company expects to create 15 highly skilled, full-time jobs for the duration of the project.

For more information please visit: www.xagenic.com

Prosperity Initiative

Fiera Foods Company will receive a repayable investment of up to $3.2 million through FedDev Ontario's Prosperity Initiative to help it acquire new equipment and expand its capacity to service export market demand for its bread, bagel, pastry, croissant and muffin production lines. Founded in 1987, Toronto-based Fiera Foods has become one of the largest producers of baked goods in North America. In the course of this project, new technologies will be installed to implement more efficient and higher volume production methods. The resulting increases in production capacity will allow the company to meet the growing demand for export of its products particularly in American grocery outlets where it is already well-established. This project will contribute to building a competitive advantage in southern Ontario. FedDev Ontario's investment in Fiera Foods leverages an additional $13.5 million in investment in southern Ontario manufacturing. The company expects that this project will create up to 100 full-time jobs in the Greater Toronto Area and the increased production capacity will secure greater market share internationally.

For more information please visit: www.fierafoods.com

Ryerson Universityis receiving a non-repayable contribution of up to $2 million under FedDev Ontario's Prosperity Initiative to help it create the Ryerson Centre for Cloud and Context Aware Computing (RC4), the first centre of its kind in Canada. RC4 will support southern Ontario companies to develop context aware applications—the future of mobile computing—for smart phones, tablets and other mobile devices. Context aware computing automatically provides users with timely content in response to physical surroundings, activities and time of day that is relevant to their gender, age and preferences. RC4 will be the only centre in Canada dedicated to context aware computing and will position southern Ontario as a global leader in this emerging technology sector. FedDev Ontario’s investment in Ryerson leverages an additional $4.1million in funding to the project. Ryerson expects that up to 60 context aware products, resulting in an estimated 25 patents and 161 highly skilled, full-time jobs will be created in small- and medium- sized businesses and in the RC4.

XMG Studio is receiving a repayable contribution of up to $750,000 through FedDev Ontario's Prosperity Initiative to work with students as it expands development and commercialization of new mobile technology for games. XMG Studio is an award-winning developer of hit video games for mobile devices and this project will allow the company to build upon its success while providing mentoring and work experience to students. XMG Studio will work with students as it expands its development and commercialization of mobile gaming technology and apps. This project will also build an international localization team for adapting its games to new markets, such as India and China, as well as develop a games engine to serve as a common system that can be used for all the company's mobile games. Designed to position the Toronto region as a global player in the mobile games market, this project will contribute to building a competitive advantage for southern Ontario. FedDev Ontario's investment in XMG Studio leverages an additional $1.8 million in the project. The company estimates creating 58 new full-time equivalent jobs by project completion.

For more information please visit: www.xmg.com

Youth STEM

Canadian Coalition for Tomorrow's ICT (Information Communication Technology) Skills (CCICT) is receiving a non-repayable contribution of up to $800,000 through FedDev Ontario's Youth STEM initiative to encourage education and careers in science, technology, engineering and mathematics for Ontario youth in support of doubling the capacity of its outreach and online programs. This expansion of online and on-site school programming is anticipated to reach an additional 27,600 students and engage up to 100 mentors and up to 150 private sector role models, and extend programming to additional schools across southern Ontario. Working closely with a number of STEM sector partners, CCICT is able to develop content that demonstrates the tangible paths from studies in ICT skills to careers.

For more information please visit: ccict.ca

Institute for Competitiveness and Prosperity is receiving a non-repayable contribution of up to $995,000 through FedDev Ontario's Youth STEM initiative (YSTEM) initiative to encourage education and careers in science, technology, engineering and mathematics. The project will develop and test a pilot program called Creativity, Design and Innovation Program (CDIP), that will teach technology, innovation, and entrepreneurship skills to up to 750 grades six to nine students in southern Ontario. The Institute has two partners for this project: the Rotman School of Management (University of Toronto) with its expertise and experience with innovative curriculum design; and Actua, a not-for-profit organization, with expertise in delivery of interactive STEM programming to youth as wells as its experience in establishing and coordinating program delivery across a network of sites. CDIP will bring together science and businesses to inspire appreciation and understanding of technological innovation, critical thinking, risk-taking, and entrepreneurship in its young participants.

For more information please visit: www.competeprosper.ca

Scientists and Engineers in Business

Faculty of Applied Sciences and Engineering, University of Toronto, is receiving a non-repayable matching contribution of up to $94,500 under FedDev Ontario's Scientists and Engineers in Business initiative to support the Heffernan/Co-Steel Innovation Commercialization Fellowship for graduate students within the faculty. The fellowship provides financial support for development and commercialization of students' research. The fellowship has supported entrepreneurs with truly innovative ideas to launch start-up businesses and leverage matching seed capital of up to $90,000 from private sector investors. This project will build on that success with three additional fellowships and is expected to create up to 30 new jobs over the next five years.

For more information please visit:
www.engineering.utoronto.ca/About/Engineering_in_the_News/
Engineering_Alumnus_Fellowship_Helps_Grads_Found_Companies.htm

Ontario Centres of Excellence is receiving a non-repayable contribution of up to $500,000 under FedDev Ontario's Scientists and Engineers in Business initiative to expand on the success of SmartStart, its program to provide mentorship and seed funding to young entrepreneurs. In June 2012, FedDev Ontario announced funding of up to $1.1 million for the SmartStart program to provide skills support and seed funding for up to 30 science, technology, engineering and mathematics graduates and graduate students to start companies to bring their innovations to market. In order to build on the success of that initial investment, FedDev Ontario is providing additional funding so that up to 15 additional entrepreneurs will receive financial and business support services, training, advisory services and seed financing to develop and commercialize their research. In total, this project will now leverage up to $1.35 million in matching seed capital.

For more information please visit: www.oce-ontario.org/programs/collaborative-commercialization/smartstart

Ryerson University (Research and Innovation) is receiving a non-repayable contribution of up to $661,500 under FedDev Ontario's Scientists and Engineers in Business initiative to expand the number of fellowships offered to science, technology, engineering and mathematics (STEM) students and graduates. In February 2012, FedDev Ontario announced a contribution of up to $315,000 to be used for up to 10 fellowships for STEM students and graduates of Ryerson University to support commercialization of innovative research and the launch of start-up businesses. This partnership has proven to be successful, and the additional funding will increase the number of fellowships offered by Ryerson by up to 21. In total, this project will now leverage up to $661,500 in matching seed capital.

For more information please visit: www.ryerson.ca/research/

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