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Showing posts from 2010

New program provides up to $1M to startups receiving angel or VC funding

Last week, FedDev Ontario (the Federal Economic Development Agency for Southern Ontario) announced its Investing in Business Innovation program, through which startups can receive up to a $1 million repayable contribution (a loan, in other words) if they have received a term sheet from a recognized angel investor or VC.

The government is allocating up to $190 million to the program over the next four years, and the same program will also provide funding to angel investment networks for outreach and promotion and to organizations representing angel networks for investment attraction activities.

Startups—defined here as businesses with fewer than 50 employees—can receive funding for:
Labour, capital and operating expendituresMaterials and suppliesConsulting and/or professional fees (limited to market rate)Minor and non-capital acquisitions (e.g., software)Angels or VCs must be funding at least two-thirds of the eligible project costs, and FedDev will contribute the remaining third, up to $…

What we did on our summer vacation

We usually don't go anywhere exotic during the summer, so this year, to make up for it, we had a packed July and August that included visits to Vienna, Zurich, Brussels, Belfast, Dublin, London, Paris, Melbourne, Delhi, Copenhagen (well, almost) and Lisbon ... and never paid a penny for a hotel room or air fare. Pictures from our 2010 world tour.

And now ... back to work.