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Markham Headquartered Dealer-FX Acquired by Snap-on

Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, today announced that it has acquired Dealer-FX Group, Inc., based in Markham, Ontario, for approximately $200 million in cash.
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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.
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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
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COVID-19

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.
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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
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COVID-19

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.
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Hardware Catalyst Institute

The Hardware Catalyst Initiative in York Region: Powering the Future of Canadian Hardware

The HCI, which launched in February 2020, is designed for start-ups that are building solutions for artificial intelligence, the Internet of Things, wearable computing, 5G, and other transformative technologies.
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2020 Look Back: Our Top 15 York Region Business Community News Stories

2020 was a challenging year for the business community, but there were still moments worth celebrating. Check out our Top 15 list.
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Look Spot

Richmond Hill Headquartered Laipac Receives Clearance from Europe for their LooK SPOT COVID-19 Antigen Rapid Test of 5 to 8 minutes

Richmond Hill, Canada, Jan. 19, 2021 — Laipac Technology Inc. a leader in the development of IoMT (Internet of Medical Things), today announced that their LooK SPOT COVID-19 Antigen Rapid Test received CE IVD clearance for Europe.
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