Investments
120Portfolio Exits
22Partners & Customers
2About FedDev Ontario
FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified.
FedDev Ontario Headquarter Location
101 Frederick Street 4th floor
Kitchener, Ontario, N2H 6R2,
Canada
866-593-5505
Latest FedDev Ontario News
Sep 4, 2021
In August, the Government of Canada made some investments, through FedDev Ontario, in the province’s innovation and startup support ecosystem.FedDev Ontario committed $2 million to the Ontario Centre of Innovation (OCI) to support the relaunch and expansion of OneEleven’s programming, and $10 million towards the creation of a new University of Waterloo and Western University-based healthtech innovation hub.FedDev Ontario’s $2 million investment comes after a period of turmoil for OneEleven.The $2 million investment, which FedDev Ontario claims will support 30 high-growth, scaling firms and 450 jobs across Southern Ontario, will also leverage nearly $1.2 million in private investment.“As an original founding partner of OneEleven, OCI understands first-hand the vital role OneEleven represents to Canada’s innovation ecosystem,” said Claudia Krywiak, OCI’s president and CEO. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
FedDev Ontario Investments
120 Investments
FedDev Ontario has made 120 investments. Their latest investment was in University of Waterloo as part of their Grant on July 7, 2021.
FedDev Ontario Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/8/2021 | Grant | University of Waterloo | $6.52M | Yes | 1 | |
6/4/2021 | Loan | Mycionics | $0.81M | Yes | 1 | |
5/13/2021 | Loan | Signifi Solutions | $1.97M | No | 1 | |
4/15/2021 | Grant | |||||
4/14/2021 | Loan |
Date | 7/8/2021 | 6/4/2021 | 5/13/2021 | 4/15/2021 | 4/14/2021 |
|---|---|---|---|---|---|
Round | Grant | Loan | Loan | Grant | Loan |
Company | University of Waterloo | Mycionics | Signifi Solutions | ||
Amount | $6.52M | $0.81M | $1.97M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
FedDev Ontario Portfolio Exits
22 Portfolio Exits
FedDev Ontario has 22 portfolio exits. Their latest portfolio exit was Algoma Steel on May 25, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/25/2021 | Acq - Pending | 3 | |||
3/22/2021 | Acquired | 8 | |||
2/3/2021 | Merger | 2 | |||
Date | 5/25/2021 | 3/22/2021 | 2/3/2021 | ||
|---|---|---|---|---|---|
Exit | Acq - Pending | Acquired | Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 8 | 2 |
FedDev Ontario Partners & Customers
2 Partners and customers
FedDev Ontario has 2 strategic partners and customers. FedDev Ontario recently partnered with GE Healthcare, and Centre for Commercialization of Regenerative Medicine on January 1, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
1/13/2017 | Partner | GE Healthcare, and Centre for Commercialization of Regenerative Medicine | United States, and Canada | GE Healthcare Joins Canadian Partners in Building Cell Technologies Center Regenerative Medicine and GE Healthcare said they will join with partner companies in pharma , biotech , and cell therapy in creating the center . | 1 |
1/13/2016 | Partner |
Date | 1/13/2017 | 1/13/2016 |
|---|---|---|
Type | Partner | Partner |
Business Partner | GE Healthcare, and Centre for Commercialization of Regenerative Medicine | |
Country | United States, and Canada | |
News Snippet | GE Healthcare Joins Canadian Partners in Building Cell Technologies Center Regenerative Medicine and GE Healthcare said they will join with partner companies in pharma , biotech , and cell therapy in creating the center . | |
Sources | 1 |