On April 29, Haltech Regional Innovation Centre announced a partnership with Innovation Guelph to deliver the Government of Canada-supported i.d.e.a. Fund in Halton Region. The Fund is a southwestern Ontario-focused initiative to accelerate the growth of high-potential clean growth small- and medium-sized enterprises (SMEs) in key sectors linked to the green economy, including agri-innovation, cleantech and advanced manufacturing.
To support the delivery of the Fund, Innovation Guelph received a non-repayable Government of Canada investment of almost $10 million through the Jobs and Growth Fund delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
The Fund will leverage the southwestern Regional Innovation Centre (RIC) network of Haltech, Innovate Niagara, Innovation Factory, TechAlliance and WEtech Alliance to provide essential resources like the mentoring and early-stage financing necessary for SMEs to scale up, create quality jobs for Canadians, and drive green and resilient economic growth across the region.
Eligible SMEs in Halton will be able to apply and, if selected, will be provided with advisory services and non-repayable contributions of up to $30,000, giving them the working capital needed to support commercialization efforts and growth.
In addition to the already scheduled information sessions happening on May 10th, 18th, and 26th, Haltech will host two (2) additional sessions. There will be one 30-minute session on May 5th to generate interest among our clients and partner organizations in the i.d.e.a. Fund, and the second session will happen on May 18th and will function as an in-depth workshop to prepare prospective applicants for a successful application. During this workshop participants will receive expert business advice.
Learn more about i.d.e.a. Fund here.