Dollar for dollar matching using investment fund from Ontario Emergeing Technolgies Fund

Posted by admin on March 26, 2009 0 comments

The Ontario Gov’t recently announced a new fund called the Ontario Emerging Technologies Fund. Basically the fund looks to invest $250 million dollars over five years together with qualified venture capital funds and private sector investors.

“The move is a response to the challenges emerging technology companies are experiencing in raising venture capital due to tightening credit markets. The long-term goal of the fund is to create a dynamic, vibrant venture capital community that will help Ontario companies grow and compete globally.”

QUICK FACTS

  • The fund is targeted at companies working in clean technology, life sciences, digital media and information communication technology.
  • Eligible companies must have a significant corporate footprint in Ontario.
  • The goal is for the fund to be self-sustaining through return on investment.

The program starts in July. You can get more info from their website.

http://www.mri.gov.on.ca/english/news/ETF031809.asp

If you combine this with the recent announcment by TeleFilm Canada (e.g. $14 million funding) and with a little help from private sector you can see how these funding sources can add up quickly.

Now to start thinking of that next big idea.