Markham, York Region-based ventureLab has received a $2.5 million investment from the Government of Ontario to establish a medical technology stream within its Hardware Catalyst Initiative (HCI)
Government Funding (page 2)
Oat Canada and Roquette Receive $4.1M as Part of a Project to Improve Oat-Processing Capacity
Oat Canada received scale-up support through the York Region Food and Beverage Accelerator Program through York University’s YSpace. This investment will see the development of novel oat ingredients and nutritionally superior oat-based food and beverage products.
Richmond Hill Partners with OCAD University and eCampusOntario to Launch CLIC
CLIC brings together expertise from Richmond Hill’s Small Business Enterprise Centre and OCAD University to help businesses review their offerings and business models through a design-thinking lens.
Governments Helping Workers Start Careers in the Agri-food Sector
The governments of Canada and Ontario are investing up to $4 million to help build a strong and competitive agri-food workforce that will ensure people can continue to access the safe and healthy food grown and made in Ontario.
York Region Invests $1.5M Into Canada’s Only Hardware-Focused Lab and Incubator, Aims to Attract Global Tech Firms
ventureLAB and the Regional Municipality of York have partnered to expand the Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies.
Ontario Launches Program to Support Advanced Manufacturers Across Province
As Ontario continues to recover from the impacts of COVID-19, AMIC will help to create and retain good jobs and address the need to restore the essential supply chains that will support economic recovery across the province.
Government Extends Loan Forgiveness Repayment Deadline for the Canada Emergency Business Account
The repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023.
ventureLAB and York Region announce 2021 Entrepreneurship and Innovation Fund Recipients
Funded with the generous support of the Regional Municipality of York, the fund allows local organizations to increase innovation and elevate sustainability in York Region while expanding inclusion, diversity, and accessibility.
Federal Government Announces New Targeted COVID-19 Business Support
The Government of Canada has confirmed that certain existing income and business support programs will end on October 23, 2021, as previously announced. This includes the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy.
Funding Agriculture With Canadian Agricultural Partnership (CAP) Ontario
The Canadian Agricultural Partnership (CAP) Ontario program is a funding initiative that improves Ontario’s agricultural businesses. This funding overview is provided in partnership with Mentor Works.
Digital Technology Supercluster Announces $20 Million Digital Wellness Project Featuring Tech From Richmond Hill Headquartered Wysdom AI
The platform is being developed in partnership with Lululemon, Wysdom.AI, Microsoft, Mitacs, and Queen’s University. Wellbeing.ai aims to leverage artificial intelligence-powered virtual agents or chatbots.
York University’s YSpace Releases 2020-2021 Annual Report
It was a year unlike any other for Innovation York, the innovation office for York University with a mandate to facilitate and maximize the commercial, economic, and social impacts of research and innovation. Their 2020-2021 Annual Report has just been released and it outlines impressive successes, including supporting new ventures, launching new programs and more.
Accelerate Newmarket – Three Unique Organizations. The Perfect Mix to Accelerate Your Business
Through this unique model, Accelerate Newmarket helps entrepreneurs continuously learn and develop new skills in order to stay relevant in tomorrow’s world.
Province Launches New Ontario Tourism and Travel Small Business Support Grant
The Ontario government is providing one‐time payments of $10,000 to $20,000 to support eligible small tourism and travel businesses
Redline Communications Gets $14-Million in Federal Funding For Industrial 5G Project
Redline Communications will receive $14 million in federal funds to design high-speed wireless equipment for use in the mining, utilities and oil and gas sectors.
Government of Canada Invests to Bring High-Speed Internet to 144 More Households in Markham and Stouffville
Helena Jaczek, Member of Parliament for Markham–Stouffville, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced just under $125,000 in funding for Bell to bring high-speed Internet to rural residents of Lemonville and Locust Hill.
Success Story: Falcon Lam
Falcon Lam provides support, mentoring and consultations to help clients make smart investment decisions. Watch and learn how the York Small Business Enterprise Centre, part of York Region Economic Development, supported their business.
Government Announces Extension of Canada Emergency Business Account to Help Small Businesses
The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Small Business, Export Promotion and International Trade, the Honourable Mary Ng, announced that the deadline for new Canada Emergency Business Account (CEBA) applications is being extended from March 31 to June 30, 2021.
Success Story: Whole Family Health Food
Whole Family Health Food is a community-focused health food store in Georgina, Ontario, offering vitamins minerals, herbs, specialty, grocery, natural body care, and even a section for pets. Watch and learn how the York Small Business Enterprise Centre supported their…
Government of Canada Invests in ventureLAB Expansion to Help Strengthen Canada’s Hardware and Semiconductor Sector
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.
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.
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
Success Story: Doorr
Doorr is a digital lending platform designed for the mortgage industry. They help mortgage brokers, financial institutions better connect and collaborate with their clients. Watch and learn how the York Small Business Enterprise Centre supported their business.
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.