Backgrounder Article from  Federal Economic Development Agency for Southern Ontario

Archived - FedDev Ontario Invests in Southern Ontario Economy

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In January 2015, FedDev Ontario announced more than $41 million in 11 projects that will benefit southern Ontario's economy.

FedDev Ontario Invests in Southern Ontario Economy
RecipientProject LocationProject DescriptionFedDev Ontario Contribution (up to)Anticipated Job Creation (during project)FedDev Ontario Initiative
AppZero Software Corporation Kanata Further develop and commercialize the company’s automated computer application migration software. $750,000 6 Investing in Business Innovation
Dalton Pharma Services Toronto Buy equipment and renovate the company's existing facility in order to manufacture more specialized drug products. $2,085,000 21 Investing in Business Growth and Productivity
Darcor Ltd. Toronto Buy and install new equipment to expand caster production capacity, improve efficiency, broaden product offerings and diversify markets. $250,000 4 Investing in Business Growth and Productivity
Glitchsoft Corporation Kanata Evolve the company’s game development technology, the Helios Platform, into the industry’s first all-in-one mobile marketing system. $500,000 79 Investing in Business Innovation
Koss Aerospace Mississauga Buy and install new equipment to help the company produce larger structural aerospace components for Original Equipment Manufacturers (OEMs) both in Canada and in international markets, such as the United States, Europe and Asia $4,985,210 25 Investing in Business Growth and Productivity
MediResource Inc. Toronto Expand the company’s sales office in Toronto and adapt its health and wellness platform for entry into the United States market. $964,450 11 Investing in Business Growth and Productivity
Ontario Centres of Excellence Across southern Ontario Support the SmartStart Seed Fund, a program that provides seed financing and funding for entrepreneurship skills training to help high-potential start-up companies grow their companies and make them investment and customer ready. $9,000,000 1500 Investing in Business Innovation
Patriot Forge Inc. Brantford Support the construction of a new production plant that will include state-of-the-art metal forging equipment $10,000,000 75 Investing in Business Growth and Productivity
Waterloo Accelerator Centre Waterloo Region Support AC JumpStart, a program that provides seed funding and skills training to help Waterloo Region companies become more market, customer and investment-ready. $8,000,000 700 Investing in Business Innovation
Wolf Steel Ltd. Barrie Support the company’s expansion project to launch and manufacture air conditioning products; expand the existing line of heating and ventilation products; upgrade its four manufacturing facilities; and implement information technology upgrades. $4,217,500 176 Investing in Business Growth and Productivity
7D Surgical Inc Toronto Bring to market a new surgical navigation system and surgical tools for spinal fusion surgeries. $997,000 19 Investing in Business Innovation
Total: 11 projects     $41,749,160 2616  

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