Haltech provides 20 companies with $600,000 through Cohort 1 of Government of Canada-funded i.d.e.a. Fund

By August 4, 2022Haltech News, News

August 4, 2022 Burlington, Ontario

Companies in southern Ontario that focus on environmental impacts are vital to creating jobs and bringing new, innovative technologies to market that continue Canada’s transition to a green economy. The i.d.e.a. Fund was developed to help clean growth firms have the tools they need to succeed by providing 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 Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), providedInnovation Guelph with $10 million to lead the delivery of the i.d.e.a Fund in partnership with five Regional Innovation Centres (RICs) across southwestern Ontario. Up to 240 high-potential clean growth companies will receive support through Cohorts 1 and 2 of the i.d.e.a. Fund.

Today, 20 companies received non-repayable contributions of $30,000 each from Haltech in partnership with Innovation Guelph, through the Government of Canada-supported i.d.e.a Fund.

The Haltech-supported companies in Cohort 1 are:

  • Atelier Bala
  • Backed By Bees
  • Cnem Corporation
  • Crisp Greens
  • DATEC Coating Corporation
  • Enertics Inc.
  • Grain Data Solutions
  • Green Apple Gives
  • Greenii Inc.
  • HOPE Pet Food
  • Innovia GEO Corp
  • Jeosal Materials Research Corporation
  • Korotu Technology
  • Nova Institute
  • NewFood Pet Solutions
  • Pahk Solutions Inc.
  • Pomp & Sass
  • ScriptString.AI
  • Sigma Healthtech Inc.
  • Spotwork

Applications for Cohort 2 of the i.d.e.a. Fund will open in March 2023. For additional details and eligibility criteria, visit https://www.haltech.ca/ideafund/.

Quotes

“The Government of Canada-funded i.d.e.a. Fund is providing Canadian entrepreneurs and businesses with the support they need to produce innovative solutions that continue Canada’s transition to a green economy. This investment will create good, secure jobs for Canadians, protect Canadian supply chains, and ensure that the Canadian economy is positioned to be a global leader, now and into the future.”

The Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario

“Haltech is thrilled to be working with the first cohort of companies to help accelerate the introduction of green innovations to the market. The access to funding, mentorship, and support will accelerate not only the environmental benefits, this program will also deliver positive economic impact in Halton Region and Canada. “

Shann McGrail, C.E.O, Haltech Regional Innovation Centre

Quick Facts

  • Across southern Ontario, approximately 120 companies received non-repayable contributions of up to $3,600,000 in Cohort 1.
  • Led by Innovation Guelph, the fund is being delivered in partnership with five Regional Innovation Centres (RICs): Haltech (Halton Region), Innovate Niagara, Innovation Factory (Hamilton), TechAlliance of Southwestern Ontario (London) and WEtech Alliance (Windsor and Chatham-Kent).
  • Fifty percent of the businesses receiving support through the fund will be owned or led by women and 30 percent owned or led by Indigenous peoples, persons with disabilities, Black communities, racialized communities and members of the LGBTQ2+ community.

Associated Links

Contacts

Monica Granados

Press Secretary

Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario

monica.granados@feddevontario.gc.c

 

Shann McGrail

Chief Executive Officer

Haltech Regional Innovation Centre

shann.mcgrail@haltech.ca

About FedDev Ontario

For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.

About Haltech Regional Innovation Centre

We are a non-profit corporation supported by Ontario’s Ministry of Research, Innovation & Science, Ministry of Economic Development & Growth, and our valued Corporate Sponsors. We empower innovative companies to realize their full potential through education, advisory services, and strategic connections. We support companies in creating jobs, generating sales, creating new markets and securing investment for their growth.

Shane Ropp

Author Shane Ropp

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