Government Funding for Flying Colours Corp. Expansion

PETERBOROUGH, ONTARIO

The member of Parliament for Peterborough-Kawartha, and on the behalf of the Minister of Innovation, Science and Economic development and the Minister of responsible for the Ontario branch of FedDev, announced a funding initiative of up to $4.87 in grants, loans and subsides to the Flying Colours Corp for it’s expansion initiative.

The Federal Government, with its’ new vision developed in the 2016 Canada Budget, wants to make Canada the center of global innovation, in science, technology and creativity for companies. With this, helping companies as Flying Colours Corp., to succeed in exporting and marketing its technologies and any future services.

The Flying Colours Corp. is a global aviation services compay, its main service is to retrofit aircrafts and provide fully customized aircraft interiors, with the latest in technologies and state of the art equipment. The repayable and non repayable contributions from Fed Dev, is to develop Flying Colours 100,000 square foot hangar at the Peterborough Airport. This new hangar will enable the company to worker on larger aircraft, and meet the increased global demand the company is receiving.
The investment will also help 200 Ontario based suppliers that provide materials to Flying Colour Corp.

Quick Facts:

• With a total project cost of $20.15 million, this project will leverage a $1.2-million investment from the Government of Ontario and more than $14 million from private sector investment. The project is also expected to create up to 50 skilled manufacturing, engineering, management and technical field full-time equivalent jobs.

• Established in 1994, Flying Colours Corp. previously received a repayable contribution of up to $900,000 from FedDev Ontario to expand its facilities and acquire new equipment. The successful completion of this project resulted in 37 new jobs and has positively benefited the surrounding community.

Government Grant for Clean Energy Manufacturing

CLEAN ENERGY FIRM RECIEVES FUNDING FROM THE GOVERNMENT OF CANADA TO PRODUCE BIO-BASED LUBRICANTS AND FUELS

Kingston, ON, July 15th 2014

Altranex Corporation has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Canada’s premier innovation assistance program for small- and medium-sized enterprises (SMEs). The funding under the agreement will share the cost for Altranex to scale-up the production of Altranex’s Altra-HF™ shipping fuel and other products. The financial support is up to $200,000.

“The NRC-IRAP program has recognized the innovative approach that Altranex has taken to making the shipping and lubricants industries more sustainable.” said Chad Joshi, CEO of Altranex. “This funding moves the company along the path towards the production of commercial quantities of product.”

“In our first year with NRC-IRAP support we were able to attract a multinational oil company as a co-investor at a faster pace than our plan. Advisory services provided by the NRC-IRAP Industrial Technology Advisor assigned to the file on other government funding programs and her connections to other companies and contacts in the Cleantech sector have been valuable.”

Altranex Corp. is a Kingston, Ontario-based bio-chemicals company that develops and markets bio-lubricants and commercial transportation fuels.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Government Small Business Loan for Music Manufacturer

Funding for Nova Scotia Based Music Company

Sydney, NS – June 6th, 2014

Billdidit Inc. of Sydney, NS a company that designs and produces innovative products for the music industry, has received a $500,000 repayable contribution from the Government of Canada to help build a facility for the production of hardware and accessories for drummers.

Background:

Billdidit has extensive experience in product development, commercialization, manufacturing management and technical support. The company primarily develops and sells drum and percussion related equipment.

The company’s products are used by amateur, recording and touring percussionists from around the world who perform with well-known artists of many musical genres.

They have developed products for domestic and international partners. They currently have four product patents and nine patents pending.

The new facility will focus on producing low to mid-volume products for Billdidit and Sabian Cymbals. It is expected to create 20 jobs immediately with the potential to add additional jobs as the facility ramps up production.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Government Small Business Loan for Micro-Brewery

FUNDING FOR QUEBEC MANUFACTURING BUSINESS

Joliette, Quebec – November 2013

Micro-Brasserie L’Alchimiste has been granted financial assistance as government funding for the purchase of updated brewing equipment for their plant in Quebec.

Micro-Brasserie L’Alchimiste produces beers for general consumers, specialty craft beers and private-label beers for distribution all across Quebec. The business, has grown considerably since its establishment in 2001and is at the stage where it needs to modernize its equipment in order to continue growing.

The funded project involves the installation of fermenters, a conditioning tank and packaging and handling equipment for the brewery. The plant also intends to automate part of the production line, increasing productivity and improving capacity.

The Government of Canada believes economic prosperity is achieved through investments like the one Micro-Brasserie L’Alchimiste is making to raise its production capacity and competitiveness,” said a government spokesperson.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

VENTURE CAPITAL IN SOUTHERN ONTARIO

GOVERNMENT OF CANADA FUNDING VENTURE CAPITAL SERVICE

Niagara Falls, Ontario – November 2013

Providing government grants and government secured loans is only 1 of the many ways that the Government of Canada encourages and supports Canadian businesses.

One of the most important functions of the Government in business financing opportunities for small business is in encouraging venture capital investments in business start-ups.

To this effect the Canadian Government is renewing it’s commitment to venture capital and angel investor development through increased funding of The Niagara Angel Network. Thanks to this $100,000 investment, The Niagara Angel Network will be able to connect more angel investors with promising new start-up businesses across the Niagara region. The investment is being provided through FedDev Ontario’s Investing in Business Innovation (IBI) initiative.

The Niagara Angel Network is a not-for-profit angel network located in Niagara-on-the-Lake, and is part of the Ontario Network of Angel Organizations. This new investment permits the Angel Network to expand its base of active angel investors to respond to the funding needs of business start-ups.

In 2011, the Niagara Angel Network received $50,000 through the IBI initiative to expand its angel investor base through investment attraction activities. This financial support led to increased membership in the Network, and an increased availability of capital in the Niagara Region.

“This funding has helped our Angel investor group exceed $3 million worth of investments while leveraging an additional $10.8 million from other sources of funding,” according to Terry Mactaggart, Chairman for Niagara Angel Network. “With the Government of Canada’s support, the Niagara Angel Network is helping to build the next generation of companies in Niagara and beyond.”

FedDev Ontario supports the southern Ontario economy by creating opportunities for jobs and economic growth. The Investing in Business Innovation initiative is part of FedDev Ontario’s Southern Ontario Advantage initiatives. Over $420 million in funding has been committed to date. More than 240 projects have received funding under the Southern Ontario Advantage initiatives, resulting in partnerships with more than 5,000 organizations, and over $1.2 billion in additional leveraged investments from various sources.

TAGS: VENTURE CAPITAL, FUNDING FOR BUSINESS, ONTARIO VENTURE CAPITAL, ONTARIO  LOANS, ONTARIO BUSINESS FUNDING, GOVERNMENT FUNDING, BUSINESS NEWS, CANADIAN GOVERNMENT NEWS, ONTARIO NEWS

Government Grants to Support Female-Led Business in Canada

Government of Canada to Support Woman Owned Businesses

Toronto, Ontario – November 13th 2013

The Canadian Federal Government has recently announced $500,000 in funding to support and encourage business success for female entrepreneurs. 

WeConnect Canada has been awarded  $512,000 in funding for a project entitled From Contacts to Contracts. The project is designed to reduce barriers that are currently reinforcing the underrepresentation of women in Canada’s corporate supply chains. This will be accomplished by increasing corporate support of female-led businesses, and to help foster supplier diversity. Specifically major Canadian corporations have committed to taking specific action aimed at encouraging woman-owned business through the project. The funding will support the on-going enhancement of the program. 

The minister of labour and minister of status of women Dr. K. Kellie Leitch, announced the Canadian government’s support of the new project at the annual WeConnect Canada business conference for women business leaders in Ontario. “The number one priority of our government is jobs, growth and long-term prosperity,” accruing to minister Leitch. “That is why our government is creating greater economic opportunities for women entrepreneurs in many sectors through projects like this one with WeConnect Canada. Projects like this will help our economy prosper.”

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR WOMEN, BUSINESS GRANTS FOR WOMEN, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Government Grants/Loans in Northern Ontario

Government Loan for Software Development in Northern Ontario

Nipissing-Timiskaming Ontario, October 31st, 2013

FedNor, a department of the Canadian Government created to foster economic development in Northern Ontario , announced an upcoming funding investment to create jobs and support development and growth in the technology and innovation sectors of Northern Ontario.

A repayable FedNor contribution of $500,000 has been provided to Funding Matters Inc., in partnership with Canadore College. The intention of this government loan is to help the Northern Ontario company develop software for the charitable financing industry and related online and mobile areas.

The investment will be used to hire a local project team to further the development of the GIFTABULATOR app and other new software and tools. Funding Matters Inc. will have the support it requires to create 10 new technology-related jobs and expand its North Bay operations by opening a new research, development, and marketing office in the community.

“We are very excited to partner with FedNor and the Government of Canada to expand our North Bay operations and enhance our product offerings,” said William Petruck, President of Funding Matters Inc. “Today’s announcement will help us grow our business, create jobs, expand into new markets and continue to deliver innovative services to our clients.”

The funding has been provided through FedNor’s Northern Ontario Development Program, which is intended to support projects that strengthen community economic development, enhance business development and growth, and facilitate innovation throughout the region. FedNor is one of several government agencies responsible for funding business projects in Ontario,

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, ONTARIO GRANTS, ONTARIO  LOANS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT, SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, ONTARIO NEWS