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.

Telefilm Canada to provide access to $14million fund for New Media Companies

Posted by admin on March 10, 2009 0 comments

Here is what Telefilm Canada has to say…

“The Department of Canadian Heritage has allocated $14.5 million dollars per year to the Canada New Media Fund for a period of two years. Administered by Telefilm Canada, the Fund is a national program which supports the creation and the distribution of interactive digital cultural content products. The Fund will strive to achieve its objectives through its two main Program components: Product Assistance and Sectoral Assistance components, which are both application driven. The third program component of the Fund, the Sectoral Development, will allow Telefilm Canada to tailor its support for Canadian interactive digital companies at national and international markets.”

More information on Telefilm Canada’s website http://www.telefilm.gc.ca/03/311.asp?fond_id=3.