Fellow ATCC founding member Bioenterprise Corporation along with partner, Innovation Guelph, celebrated the success of recipients of their first round of seed funding at their Innovation Showcase event on October 10.
This funding program has helped in the success of small companies across southern Ontario such as Mirexus Biotechnologies Inc., Local Grown Salads and Roothams Gourmet Preserves.
"We are delighted to showcase 15 of the 32 recipients from the first round of Bioenterprise’s Seed Funding program and Innovation Guelph’s Fuel Injection program. As a result of the support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the 32 recipient companies have raised more than $21 million in follow-on private investment, generated more than $6 million in revenues, created more than 45 jobs, and launched more than 50 products, processes, and technologies. These innovators, along with more recent recipients of these programs, continue to create new and exciting opportunities for economic development in Southern Ontario," says Jessica Bowes, Manager, Business & Technology Analyst Group, Bioenterprise Corporation.
read more: http: //www.bioenterprise.ca/index.cfm?page=news&coord=411#itm411