50 Ontario Companies Awarded Seed funding for Innovation and Commercialization
  • 12 June 2019

50 Ontario Companies Awarded Seed funding for Innovation and Commercialization

Guelph, Ontario, June 11, 2019— Fifty Ontario companies have been selected to receive seed funding from Bioenterprise Corporation and its delivery partner Innovation Guelph, through the most recent round of their respective programs, Seed Fund and Fuel Injection, funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
 
These companies will receive coaching and mentorship to encourage regional economic development, along with a grant of up to $30,000 each in non-repayable seed financing to help them launch innovative new products and services, expand their operations, access new markets, attract investment and create jobs. This fresh round of companies will add to the more than 120 southern Ontario innovators that have participated in previous rounds of the programs since 2016.

As President and CEO of Bioenterprise, Dave Smardon, explains, “Programs that allow companies to access not only funding but also the resources to create deep impact for the sector are so critical to southern Ontario’s continued leadership. The Seed Fund Program is bringing new solutions to market, new innovative players to the sector, and the results are phenomenal.”

“Fuel Injection, funded through FedDev Ontario, is contributing to the economic ecosystem directly,” said Anne Toner Fung, Executive Director, Innovation Guelph. “Empowering innovation through seed funding, as well as mentorship and education across sectors, builds a robust and sustainable economy.”

The funding provided by FedDev Ontario for these two programs has resulted in more than $55 million in follow on private investment and $53 million in sales, coupled with the creation of more than 520 jobs, and 460 products being successfully launched since the programs’ inception.

“Bioenterprise, Innovation Guelph and all of the recipients of these rounds of funding can be proud of their incredible work in support of innovation across southern Ontario. The Government of Canada is pleased to be a partner in this initiative to assist entrepreneurs at all points along the innovation continuum,” said Lloyd Longfield, Member of Parliament for Guelph, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.

Through FedDev Ontario, the Government of Canada has invested $7.12 million into innovation in the region through Bioenterprise’s Seed Fund and Innovation Guelph’s Fuel Injection programs. This support has reached early-stage southern Ontario businesses in agriculture, agri-food, sustainable and environmental technology, advanced manufacturing and social innovation.
 

What’s Next?
Look for updates and successes from the most recent round of recipients at Bioenterprise.ca and InnovationGuelph.ca.
 


Backgrounder
The following companies are fifth-round recipients of seed funding delivered in partnership by Bioenterprise Corporation and Innovation Guelph, in addition to the sixth round recipients delivered by Bioenterprise Corporation.


Bioenterprise Recipients

Round 6_ AERC Round 5_AgriLogicAI Round 6_ AUG Signals
Round 5_Ascents Chemical Round 5_Beekeepers Naturals Round 5_Bio-Techfar Inc
Round 5_ Brilliant Photonics Round 5_Cowfit Round 5_CWB Tech
Round 6_ Can Dairy Round 5_Feedback Inc Round 5_Delcato
Round 6_ DMT Bioproducts Round 6_ Farm Lead Round 6_ Forward Water Tech
Round 5_JRS Virtual Studio Round 5_Korechi Round 5_Motif Cannabis Ltd
Round 6_ Mylko Round 6_ Nurture Growth Round 6_ Organic Grow Solutions
Round 5_ Partake Brewing Round 5_rND Food Inc Round 5_Spornado
Round 5_SZIO+ Round 5_Transport Genie Round 6_ Troo

 


 


Innovation Guelph Recipients
 

Round 5 IG_ Aposys Inc Round 5 IG_ AviDrone Round 5 IG_ Blue Valley Building
Round 5 IG_ Clean Air AI Round 5 IG_ CNEM Round 5 IG_ CoEnergy Ontario
Round 5 IG_ Gauge Round 5 IG_ Green Circle Round 5 IG_ Hive Rescue
Round 5 IG_ Lilys Pastry Round 5 IG_ Masontops Round 5 IG_ Mighty Fine Brewery
Round 5 IG_ My Healthy Kitchen Round 5 IG_ Noats Round 5 IG_ Novela
Round 5 IG_ Optima Round 5 IG_ Pawsitive Round 5 IG_ PW Custom Fabrication
Round 5 IG_ Real Pops Round 5 IG_ The Seed Round 5 IG_ Udderly ridiculous
Round 5 IG_ Urban Cottage Round 5 IG_ Wolf Grizzly  


 

About Bioenterprise Corporation
Bioenterprise Corporation is a national, non-profit agri-tech commercialization accelerator, providing companies with customized, hands-on business advisory services, industry and technical expertise, and global connections. Bioenterprise collaborates with partners across Canada to help entrepreneurs bring agriculture, agri-food and agri-product innovations to market, increase revenues, attract investment and create jobs. www.bioenterprise.ca
 

About Innovation Guelph
Innovation Guelph (IG) is building prosperity for community well-being by providing mentorship and business support programs and services to help innovative enterprises start, grow and thrive. Innovation Guelph’s business acceleration programs are designed for high-potential start-ups, small to medium-sized enterprises and women-led businesses across southern Ontario. Innovation Guelph also serves as a one-stop point of access to Ontario Network of Entrepreneurs (ONE) programs and resources. www.innovationguelph.ca

 

For more information:
Jessica Bowes, Vice President, Commercialization
jessica.bowes@bioenterprise.ca or 1-866-464-452

Mickey Campeau, Program Manager, Innovation Guelph
mickey.campeau@innovationguelph.ca or 519-265-4495, Ext. 10

Media Relations, FedDev Ontario
fdo.mediarel-relmedias.fdo@canada.ca or 416-954-6652


Learn More About The Seed Funding Program