Southern Ontario Spotlight

Southern Ontario Spotlight

FEDDEV ONTARIO’S FOCUS ON ECONOMIC DEVELOPMENT

MAY 2019

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Making Headlines

FedDev Ontario Invests Over $50 Million in Scale-Up Platform

Prime Minister Justin Trudeau announced the $52.4-million investment that will have far-reaching impacts on southern Ontario by speeding the growth of innovative firms.

FedDev Ontario Invests Over $50 Million in Scale-Up Platform

FedDev Ontario’s investment of $52.4 million will partner three of southern Ontario’s top innovation hubs to implement an innovative initiative. Over the next five years, Kitchener’s Communitech will receive $18 million, Toronto’s MaRS Discovery District will receive $17.5 million, and Invest Ottawa will receive $16.9 million. Through the Scale-Up Platform, the three organizations will pool their resources to help 30 Ontario companies scale up and achieve revenues of $100 million or more each, as well as provide services to thousands of others. Services will range from coaching and advice to greater access to capital, talent and global markets. Work will also be done to strengthen partnerships with post-secondary institutions to help prepare young Canadians for tomorrow’s jobs.

Canada’s Tech Sector Makes Quantum Leap with $41-Million Federal Investment

Waterloo Region warmly welcomed FedDev Ontario’s $20-million contribution that will help support the development of transformative, market-ready quantum technologies.

Canada’s Tech Sector Makes Quantum Leap with $41-Million Federal Investment

Quantum technology spurs rapid growth in Canada’s digital industries! FedDev Ontario’s recent $20 million investment in Quantum Valley Ideas Lab will support innovations in the areas of quantum sensors, navigation, security, encryption and computing. Three investments, through the Strategic Innovation Fund, were also announced: $7.3 million in Cognitive Systems, which uses artificial intelligence and machine learning to improve home security systems; $6.5 million in High Q Technologies, which uses quantum technologies to develop new and improved medical devices and treatments; and $7.2 million in ISARA Corporation, which develops quantum-safe data encryption tools to protect confidential information. Together, these investments will help create 167 new skilled jobs and maintain 75 jobs in Waterloo.

FedDev Ontario Tops Up TAP to Support Export Readiness

FedDev Ontario’s investment in the TAP expansion is expected to help 975 SMEs in Ontario export to new markets.

FedDev Ontario Tops Up TAP to Support Export Readiness

FedDev Ontario is supporting the expansion of the Toronto Region Board of Trade’s successful export readiness program. The $5-million investment will help prepare 975 businesses for competing in global markets. The Trade Accelerator Program (TAP) will now serve an additional 15 communities across southern Ontario, providing hands-on six-week workshops for participating small- and medium-sized businesses. The workshops include targeted international trade advisory services and expertise, and support while creating a peer-reviewed export-marketing plan. Participating companies are expected to generate $1.6 billion in export revenues as they expand into global markets. The program will be delivered over four years through 64 cohorts.

Soundpays Inc. Takes Shopping from One Stop to One Touch

Soundpays is changing how advertisers interact with customers, providing instant purchasing opportunities through mobile devices.

Soundpays Inc. Takes Shopping from One Stop to One Touch

See it. Buy it. Instantly. A new, advanced mobile payment technology supports one-touch purchases directly from nearby digital advertisements. Developed by Toronto-based Soundpays Inc., the technology uses ultrasonic sound waves to connect mobile devices to digital ads, allowing users to engage and purchase products on the spot. Using this technology, broadcasters and retailers can offer consumers an instant, real-time purchase option through their mobile devices—all they have to do is be near the digital ad. A FedDev Ontario investment of $630,000 is helping accelerate the development of this patented technology, opening up a new commerce channel in southern Ontario and providing advertisers with comprehensive consumer data.

FedDev Ontario Announces More than $15.8 Million in Project Funding

XL Tool Inc. is a designer and manufacturer of tooling and metal stamping dies for the nuclear, automotive, and oil and gas industries. The company hosted a $6.8-million bundled funding announcement for Waterloo Region.

FedDev Ontario Announces More than $15.8 Million in Project Funding

FedDev Ontario delivered news—and funding—across several communities in southern Ontario during the month of April. A total of $15.875 million was announced to support innovation and growth in the region.

Open and Positive Discussions at Regional Roundtables

FedDev Ontario met with businesses, industry and organizations in Kincardine to learn more about shaping a stronger southern Ontario.

Open and Positive Discussions at Regional Roundtables

FedDev Ontario continued discussions with stakeholders and community members in April at roundtable events across the region. Participants discussed opportunities to boost collaboration amongst the regional partners in attendance and to encourage economic growth in southern Ontario. Attendees highlighted a variety of regional strengths and areas in need of improvement, including affordable housing and availability of serviceable land. Several participants commented on the ways in which FedDev Ontario programming has benefited their organizations and were pleased to hear about the Agency’s new streamlined funding opportunities and services.

Aerospace R&T Event Takes Off with Support from FedDev Ontario

FedDev Ontario staff played a key role in contributing to this two-day event that showcased services as well as innovative products.

Aerospace R&T Event Takes Off with Support from FedDev Ontario

More than 170 industry experts and academics attended the fourth annual Ontario Aerospace Council Research and Technology Event, a two-day conference and trade show designed to provide attendees with the resources needed to get their aerospace projects off the ground. FedDev Ontario’s Craig McLelland, Senior Analyst, Industrial Development, moderated a full-day workshop called The F Word: How to Prepare a Compelling Funding Proposal. Craig was also a panelist for the Ways to Engage discussion on new programs and opportunities. Laura Chan, Manager, Business Development, represented FedDev Ontario as a presenter and panelist during the Introduction to Funding Opportunities discussion.

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Project News & Updates

Nanotechnology Provides Big Impact in Life Sciences Sector
Nanotechnology Provides Big Impact in Life Sciences Sector

FedDev Ontario’s contribution is helping Nicoya leverage over $4 million in private sector and angel investment.

Nanotechnology Provides Big Impact in Life Sciences Sector

FedDev Ontario is investing more than $2.5 million in Nicoya, a Kitchener-based company whose mission is to improve human life by helping scientists succeed. Nicoya’s flagship product, OpenSPR, is the world’s first desktop SPR (surface plasmon resonance) instrument. Small enough to sit on a lab bench, OpenSPR uses innovative nanotechnology to provide an accurate and cost-effective method for collecting data. In 2013, FedDev Ontario invested $60,000 in Nicoya to accelerate the development of its technology. The recent investment will help the company develop and market a new version of OpenSPR to biotechnology and pharmaceutical sectors, creating 29 highly skilled jobs in the Waterloo region.

Ancaster’s Archmill House Undergoes Expansion with Support from FedDev Ontario
Ancaster’s Archmill House Undergoes Expansion with Support from FedDev Ontario

Archmill’s work is showcased within McMaster University’s David Braley Health Sciences Centre.

Ancaster’s Archmill House Undergoes Expansion with Support from FedDev Ontario

Architectural millwork company Archmill House Inc., recently completed the expansion of its facility by 20,000 square feet, adding new, state-of-the-art manufacturing machinery so the award-winning company could accommodate larger contracts and position itself globally. As part of the expansion project, Archmill also created 42 high-quality jobs at its main production facility in Ancaster. The family-owned operation has been in business for over 30 years, supplying custom architectural millwork and store fixtures for commercial, institutional and retail markets. Clients include the Toronto Convention Centre, McMaster University and the Fairmount Royal York Hotel. FedDev Ontario contributed $580,403 towards the project.

Health Ecosphere Wrap Up Showcases Innovative Technologies and Results
Health Ecosphere Wrap Up Showcases Innovative Technologies and Results

bant was launched as part of a Health Ecosphere partnership with TELUS Health Exchange, SecurKey and UHN. The app helps people with diabetes track their activities to better manage their health. Currently, bant has more than 90,000 users globally.

Health Ecosphere Wrap Up Showcases Innovative Technologies and Results

The results of its successful three-year project were recently celebrated by the lead partners of Health Ecosphere. The event showcased innovations that address urgent healthcare issues, including the Breathe Respiratory Platform, which was developed and deployed by the University Health Network (UHN) to transform current methods for the self-management of Chronic Obstructive Pulmonary Disease (COPD) and asthma. Beyond supporting specific technologies, Health Ecosphere created 72 academic, healthcare and industry partnerships and trained 51 graduate and doctoral students with scientific expertise. In addition, Health Ecosphere ventures created $12 million in revenues, and the 77 new products and services commercialized continue to spread to markets in Canada, North America, Europe and beyond. FedDev Ontario contributed $15 million to support the Health Ecosphere project.

BEAM Produces Technologies for Better, Faster Cell Therapies
BEAM Produces Technologies for Better, Faster Cell Therapies

Researchers are creating important biomedical solutions for Canadians through the BEAM project centre.

BEAM Produces Technologies for Better, Faster Cell Therapies

The Fraunhofer Project Centre for Biomedical Engineering and Advanced Manufacturing (BEAM) at McMaster University was created to help accelerate the commercialization of research with a focus on T-cell therapies, point of care diagnostics and ophthalmics. Recent developments include the creation of new paper-based sensors for the identification of infectious diseases, allowing for on-the-spot detection of pathogens such as E. coli or gastrointestinal bugs such as C. difficile. BEAM spin-off company Triumvira Immunologics developed the T-cell Antigen Coupler (TAC), a proprietary technology for engineering T-cells that can selectively identify and destroy tumours and other malignancies. These and other novel technologies were supported with FedDev Ontario funding.

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LinkedIn Highlights

Switzerland-based APAG Elektronik Corp. recently opened its 32,000-square-foot renovation. The company received more than $4 million from FedDev Ontario to establish its North American headquarters in Windsor and to furnish it with state-of-the-art equipment. APAG, which designs and manufactures electronic control parts and LED lighting, will benefit the region’s economy by creating jobs and diversifying the economy.

Finding their way in the business world. Communitech recently hosted its Fierce Founders Bootcamp Pitch Competition, featuring 24 female entrepreneurs who spent the two weeks leading up to the competition honing their business skills. In the end, Alexandra McCalla of AirMatrix, Toronto, took the win! She will receive $100,000 and a spot in the Communitech Fierce Founders Accelerator. Congratulations to all!

Toronto-based SheEO has received $2.5 million under the Women Entrepreneurship Strategy Ecosystem Fund, being delivered in southern Ontario by FedDev Ontario. SheEO supports women-led businesses in Canada and globally through a unique investment ecosystem. Read on to learn how women can empower women to succeed in business!

Inventiv Capital Management commits up to $20.5 million for Pond Technologies’ latest project—the word’s first commercial-scale, algae-based carbon capture plant. The Stelco Project will produce algae biomass for animal feed or as a renewable feedstock for pigments and bioplastics. Recently, FedDev Ontario reported on the groundbreaking of Pond’s first commercial-scale nutraceutical plant in Markham.

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