Well.ca, Fongo top FedDev's Q1 fundings in Southwestern Ontario

Fed Dev has disclosed its contributions for the first quarter of fiscal year 2013, covering the April-May-June period. Three companies from Southwestern Ontario are on the list: Guelph's Well.ca, Cambridge's Fongo and Brantford's Systems Logic. FedDev contributions to businesses are repayable.

Q1 fundings in Southwestern Ontario:

Companies:
Well.ca, Inc.Guelph$975,000
Fongo Inc.Cambridge  $850,000
Systems LogicBrantford$366,667
Universities/Colleges:
Conestoga CollegeKitchener$750,000
University of WaterlooWaterloo$750,000
University of WindsorWindsor$750,000
University of GuelphGuelph$650,000
University of Western OntarioLondon$500,000
Lambton CollegeSarnia$285,000
CFDCs:
Essex CFDCEssex$610,000
Elgin CFDCSt Thomas$570,000
CFDC of Wellington-Waterloo  Elora$570,000
Brant CFDCBrantford$570,000

All Community Futures Development Corporations in Southern Ontario receive their funding through FedDev. The funding for universities and colleges is under the applied research program and will be spent on projects that assist individual businesses.

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