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January 26, 2023

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Government Funding

KA Imaging secures In-Q-Tel investment and Government of Canada funding

2022-11-02
On: November 2, 2022
In: Venture Capital Deals, Biotech and Life Sciences, Ontario, Government Funding

KA Imaging secured funding from INOVAIT through Government of Canada’s Strategic Innovation Fund, and strategic investment and technology development agreement with In-Q-Tel. Continue Reading

Sparrow Living secures $1M funding

2022-10-18
On: October 18, 2022
In: Private Deals, Ontario, Government Funding, IT and Telecom, Real Estate

Oren Singer and Gavin Servai founded Sparrow Living received $1M in funding for its homesharing platform, $500K each from Accenture and Government of Canada (National Housing Strategy Innovation Programs). Continue Reading

Layla Care secures government debt and grant funding

2022-10-06
On: October 6, 2022
In: HealthCare, Ontario, Government Funding

Samer Abughannam’s Layla Care obtained funding from BDC Capital’s Growth and Transition Capital, FedDev Ontario’s Southern Ontario Fund for Investment in Innovation (SOFII), delivered by Community Futures Eastern Ontario (CFEO).
Continue Reading

FedDev Ontario invests $5.7M in Canvass Analytics

2022-04-22
On: April 22, 2022
In: Ontario, Government Funding, IT and Telecom

Humera Malik led and Yamaha Motor Ventures, Real Ventures principally backed Canvass Analytics (Canvass AI) secured $5.7M in funding from FedDev Ontario. Continue Reading

Government of Canada launches $553M PacifiCan, splitting from WD

2021-08-05
On: August 5, 2021
In: Government Funding

Government of Canada invests $553.1M over 5 years in Pacific Economic Development Canada (PacifiCan), a new federal regional economic development agency solely for BC. Western Economic Diversification Canada is renamed as Prairies Economic Development Canada (PrairiesCan) focused on AB, SK and MB.Continue Reading

CIB commits $400M to support City of Brampton’s 450 ZEBs program

2021-07-21
On: July 21, 2021
In: CleanTech, Ontario, Government Funding, Transportation and Logistics

Canada Infrastructure Bank (CIB) to loan up to $400M to City of Brampton in supporting Brampton Transit’s purchase of up to 450 zero-emission buses (ZEBs) by 2027.Continue Reading

CIB and Governments of Canada and Quebec commit over $91M to Tshiuetin Rail

2021-07-08
On: July 8, 2021
In: Newfoundland and Labrador, Government Funding, Quebec, Transportation and Logistics

Canada Infrastructure Bank, Transport Canada and Government of Quebec to provide over $91M to Tshiuetin Rail Transportation Inc. and Tshiuetin LP to modernize first Indigenous owned and operated railway Continue Reading

EMPOWER Softwares secures $3M funding

2021-07-07
On: July 7, 2021
In: Government Funding, Quebec, IT and Telecom

EMPOWER Softwares obtained $3M debt funding from Investissement Québec, BDC Capital and PME MontrealContinue Reading

CIB invests up to $400M in Ottawa’s historic 450 ZEBs expansion

2021-06-07
On: June 7, 2021
In: CleanTech, Ontario, Government Funding, Infrastructure Deals, Transportation and Logistics

Canada Infrastructure Bank (CIB) committed up to $400M in support of City of Ottawa’s OC Transpo’s adoption of 450 zero-emission buses (ZEBs) by 2027Continue Reading

CIB invests $14.4M in Edmonton Transit Service’s ZEB program

2021-06-03
On: June 3, 2021
In: Alberta, Government Funding, Infrastructure Deals

Canada Infrastructure Bank (CIB) invests $14.4M to enable Edmonton Transit Service (ETS) to purchase 20 new zero-emission public transit buses (ZEBs).Continue Reading

Swiss Water raises $25M from BDC and FCC, amends Mill Road debenture agreement

2021-05-25
On: May 25, 2021
In: Private Equity Deals, British Columbia, Consumer Products and Services, Government Funding

Swiss Water Decaffeinated Coffee secured additional $25M under existing senior debt facility with BDC and new lender, Farm Credit Canada and amended Mill Road Capital debenture agreement.Continue Reading

CIB to invest up $170M in $500M Oneida Energy Storage project

2021-05-19
On: May 19, 2021
In: CleanTech, Ontario, Government Funding, Infrastructure Deals, Power and Utilities

Canada Infrastructure Bank to invest up to $170M in the $500M energy storage project managed by Oneida Energy Storage LP, partnership between NRStor Inc and Six Nations of the Grand River Development Corporation Continue Reading

BDC Capital launches $250M “Growth Equity Partners Fund II”

2021-05-17
On: May 17, 2021
In: PE Funds, Government Funding, Quebec, Financial

Claude Miron led BDC Capital growth equity group launched Growth Equity Partners Fund II with $250M new capital allocation from BDC Capital Inc. Continue Reading

BC government launches $500M InBC strategic investment fund

2021-04-29
On: April 29, 2021
In: British Columbia, Government Funding

Government of British Columbia introduced legislation to support the operations of InBC Investment Corp. (formerly BC Immigrant Investment Fund Ltd. (BCIIF)), a new $500M strategic investment fund. Continue Reading

Canada Infrastructure Bank to invest up to $655M in Lake Erie Connector

2021-04-13
On: April 13, 2021
In: Ontario, Government Funding, Infrastructure Deals, Power and Utilities

Canada Infrastructure Bank (CIB) to invest up to $655M in Fortis and GIC owned ITC Investment Holdings’ Lake Erie Connector project.Continue Reading

Investissement Québec launches $375M Compétivert green solution initiative

2021-03-19
On: March 19, 2021
In: CleanTech, Government Funding, Quebec

Investissement Québec (IQ) to invest up to $375M over 2021–2024 for cleantech innovation projects, with money drawn from IQ and Québec government, additional capital from financial institutions, investment funds and private partners.Continue Reading

Venture backed Precision NanoSystems receives $18.2M COVID-19 vaccine support funding

2020-10-23
On: October 23, 2020
In: British Columbia, Biotech and Life Sciences, Government Funding

5AM Ventures, Telegraph Hill Partners backed Precision Nanosystems, Inc. obtained up to $18.2M in support from Innovation, Science and Economic Development’s (ISED) Strategic Innovation Fund (SIF) to develop a COVID-19 vaccine Continue Reading

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