The Government of Canada announced an additional FedDev Ontario investment of $4.7 million for Markham’s own ventureLAB to enhance its Hardware Catalyst Initiative Lab with virtual access and greater testing capabilities.
Government Funding
ventureLAB Receives $4.73M in FedDev Ontario Funding to Expand Canada’s First Hardware Lab and Incubator, Catapulting Canadian Tech Founders to the Global Stage
The FedDev Ontario non-repayable contribution of $4.73M will be injected to expand Canada’s first hardware and semiconductor-focused lab
Canada Emergency Rent Subsidy (CERS) | COVID-19 Funding Spotlight
With CERS each location can receive up to $75,000 in subsidies with a maximum of $300,000 in total for all locations, for each CERS payment period.
$3.9M From Federal Government Helps Create 92 New Jobs at Vaughan, Bradford Manufacturing Companies
Vaughan-based York Metal Products — leading metal fabricator — will be receiving $1.9 million in FedDev Ontario support.
Highly Affected Sectors Credit Availability Program | COVID-19 Funding Spotlight
Qualified small to medium-sized Canadian businesses can receive from $25,000 to $1 million in HASCAP loans, and larger organizations with multiple locations such as a chain of restaurants or hotels can receive up to $6.25 million in funding support.
York Region Business Update // February 2021
York Region Economic Development’s monthly e-newsletter shares highlights and news from the business community, small business supports, events, economic data, and more.
Ontario Expands Eligibility for Main Street Relief Grant
The Ontario government is expanding the number of small businesses that can apply for the Main Street Relief Grant to help offset the costs of purchasing personal protective equipment (PPE) to cautiously and gradually reopen in parts of the province. Small businesses with 2 to 19 employees in all eligible sectors
Ontario Small Business Support Grant | COVID-19 Funding Spotlight
The Ontario Small Business Support Grant will grant small businesses between $10,000-$20,000 to help cover decreased revenue expected as a result of the provincewide lockdown.
The Future of Self-Driving Cars is in Full Gear with AVIN Funding
The idea of self-driving cars is no longer a futuristic concept; it’s here, and it’s now. Highly researched and developed experimental models are being tested all over the world, even in our local communities across Ontario. Made easier with government funding through the Autonomous Vehicle Innovation Network (AVIN), autonomous vehicles will soon showcase their ability to make Canada’s roads safer and more affordable.