Government Launches Emerging Technologies Fund
TORONTO--(BUSINESS WIRE)--Ontario, Canada’s, Emerging Technologies Fund is open for business.
The CAD$250-million (£137 million) fund will co-invest &ndash along with qualified venture capital funds and other private investors &ndash directly into companies in high-growth sectors that are aligned with Ontario’s Innovation Agenda:
The fund is designed to help innovative technology companies find the capital they need to grow in Ontario. It was announced by the province in March, 2009, in response to the current economic conditions and the reduction in investment capital available to emerging and high-growth companies.
Guidelines for investment are now available online at: www.ontario.ca/ocgc.
“The Emerging Technologies Fund is one more step the Ontario government is taking to help ensure that innovative people and companies have access to the capital they need to continue growing their business and creating jobs in Ontario,” said Minister of Research and Innovation, John Milloy
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