Today, 13 companies were selected to receive non-repayable contributions of up to $20,000, and one company was selected to receive a non-repayable contribution of up to $10,000, from TechAlliance, in partnership with Boundless Accelerator, through Cohort Four of the i.d.e.a. Fund™.
The i.d.e.a. Fund™ is a southern Ontario-focused initiative that was developed to help clean growth firms access the tools they need to succeed. It provides 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 Government of Canada 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.
“There has never been a better time to be a Canadian headquartered venture, particularly in a nation that leads in the green economy, globally,” said Christina Fox, CEO of TechAlliance. “We are proud to fuel growth of sustainable innovation in southwestern Ontario, offering bespoke expertise and non-dilutive capital investment to 13 companies who are advancing their world-changing startups.”
The TechAlliance-supported companies in Cohort Four are: Launch Bioindustries Inc., Zentein Nutrition Inc., Forest City Microgreens, Lohn Corp., CELLECT Laboratories, Building Resilience Corp., Next-Door Rental Inc., Grindstone Blends Inc., Amicare Inc, Missingwealth, Yadag, Manelink, Gwella.
Canada’s future depends on bold innovation and sustainable economic growth. The work of the i.d.e.a. Fund and Regional Innovation Centre partners is helping southern Ontario’s entrepreneurs commercialize clean technologies and adopt sustainable practices. These investments are strengthening our communities, protecting our environment, and positioning Canada as a global leader in clean growth.
To learn more about the i.d.e.a. Fund™, visit https://www.techalliance.ca/i-d-e-a-fund/ .
Quick Facts
- Across southern Ontario, 75 companies have been selected to participate in Cohort Four of the i.d.e.a. Fund™ and will collectively receive non-repayable contributions of up to $1,485,000 in Cohort 4 https://www.idea-fund.ca/cohort-4-recipients/. To date, the i.d.e.a. Fund™ has supported nearly 390 businesses since its inception in 2022.
- TechAlliance is a Regional Innovation Centre in London, Ontario, that works to foster entrepreneurship and the commercialization of innovations to help build globally competitive companies in the region.
- Regional Innovation Centres (RICs) help Ontario’s early-stage entrepreneurs succeed by offering mentorship, market intelligence, and connecting them to funding resources to help innovators work through the challenges of developing their ideas to make them marketable.
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