Email preview • To: • From: • Subject: Look at this story on PE HUB • VC Funds and FedDev Invest in Ottawa Tech Companies The Federal Economic Development Agency for Southern Ontario has invested up to $1.85 million in three Ottawa-based technology companies and Capital Angel Network. Investee 360pi Corp., a software developer focused on price and product intelligence, also received $1.7 million from angel investors and MaRS Investment Accelerator Fund (IAF). SWIX Inc., which is focused on social media marketing and analytics, also received $1 million from GrowthWorks.
Kirk Rudy 527 Tabber Manualidades. Therapeutic Monitoring Systems, which has developed clinical decision support software, also received $1.7 million from Genesys Capital, MaRS IAF and other investors. “Through Canada’s Economic Action Plan 2013, your government continues to nurture innovative businesses, to help them secure new markets and create high-value jobs,” said MP Galipeau. Investing in Business Innovation is boosting private sector investment in start-up businesses to accelerate the development of new products, processes and practices and help bring them to market. The Government of Canada is focusing on a portfolio of early-stage businesses that are recognized by the investor community as having the potential for high-growth and a net long-term economic benefit for southern Ontario. The investor community includes accredited angel investors from recognized angel investor networks in southern Ontario registered with the Network of Angel Organizations – Ontario and venture capital providers who are members of Canada’s Venture Capital & Private Equity Association. 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. In Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the renewal of FedDev Ontario.
Economic Action Plan 2013 provides $920 million over five years for the Agency, starting on April 1, 2014. As part of the renewal, FedDev Ontario will be allocating $200 million over five years for a new Advanced Manufacturing Fund in Ontario. To learn more, please visit www.FedDevOntario.gc.ca or call 1-866-593-5505. As outlined by the Prime Minister, the Government of Canada remains focused on what Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and their personal financial security. Follow us on Twitter @FedDevOntario – 30 – For more information, contact: Stephanie Thomas Press Secretary Office of the Honourable Gary Goodyear 613-960-7728 Media Relations FedDev Ontario 416-954-6652 ——————————————————————————– Backgrounder Contributions to Ottawa Area Technology Developers FedDev Ontario is investing up to $1,850,000 in four projects, including up to $1,750,000 in repayable contributions and up to $100,000 in non-repayable contributions, to accelerate products coming to market and help boost private sector investment in high growth companies in Ottawa. Serial Actress Nude Cartoon Video more. It is expected that up to 111 high-value, full-time jobs will be created in the Ottawa area as a result of these projects. The information below provides an overview of project activities, FedDev Ontario funding and leveraged funding sources (where appropriate).
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360pi Corporation is receiving a repayable contribution of up to $750,000 to develop additional capabilities for its Price Intelligence Solutions software. This software-as-a-service provides retailers and manufacturers with real-time price and product intelligence that helps them gain competitive advantages and ensure that product pricing is transparent and compliant across the supply chain.
The software has been successful in winning business from several large retailers across multiple market segments due to its demonstrated results. Funding provided by FedDev Ontario has enabled the company to attract up to $1.72 million in investment from members of York Angel Investors and the Capital Angel Network, as well as from the MaRS Investment Accelerator Fund and Ontario Centres of Excellence. The company expects to create up to 13 highly skilled, full-time jobs during the course of this project, and up to an additional 59 jobs by 2015. SWIX Inc., more commonly known as Source Metrics after their primary product offering, is receiving a repayable contribution of up to $500,000 to integrate its social media solutions with additional features to create a product that large businesses can use for measurement and analysis of their social media efforts. The product allows companies to evaluate the success of their social media marketing campaigns and monitor their brands’ presence and reputation across popular social media platforms. FedDev Ontario funding for this project has enabled the company to attract up to $1 million in venture capital investment from GrowthWorks. The company expects to create up to 22 high-value, full-time jobs during the course of the project, with an additional 8 jobs by 2016.