Friday, November 30, 2012

FedDev Q2 fundings include Maluuba, Avenir, Dejero, Axonify, GTAN and Cyborg Trading

Kudos to the staff at FedDev for announcing most of the contributions for the July to September period before the quarterly disclosures were posted. The most significant not-yet-announced funding from the list is $925,000 for Dejero, made through FedDev's Investing in Business Innovation program (which means there was additional angel funding for the company as well).

Angel groups across Southern Ontario are getting $100,000 this year from FedDev and GTAN received its funding in the quarter.

Funding to businesses is repayble.

Disclosed FedDev fundings in (or related to) Southwestern Ontario:

Maluuba Waterloo$980,000
Avenir Medical Waterloo$950,000
Dejero Waterloo$925,000
Axonify Waterloo$750,000
Sweet Tooth Waterloo$750,000
Cyborg Trading SystemsLondon$381,500
Ontario Association Of CFDCsSt. Thomas  $170,000
AURP Canada  Waterloo$129,500
Golden Triangle Angel NetworkCambridge$100,000
Western Ontario CFDC Association  Thorold$45,000

AURP Canada is a national organization, headed by Carol Stewart at the David Johnston Research and Technology Park at UW. The Ontario Association of CFDCs is based in St. Thomas and serves all of Ontario. The Western Ontario CFDC Association covers an area that includes all of Southwestern Ontario.

Also see the latest IRAP contributions.

A&L Labs (London) and Communitech top SWO IRAP contributions, July-September

IRAP has disclosed its Q2 contributions—the period covering July, August, and September. Topping the list among recipients in Southwestern Ontario is A&L Labs in London and Communitech in Waterloo Region, with London's Quantum5X also in the six-figure range.

Other recipients include Big Blue Bubble, TechAlliance, Avvasi, CrossChasm, Aeryon, IMAP, Akira, Powernoodle, Renix, Neoventures, and LifeLike Biotissue.

Disclosed IRAP contributions for Southwestern Ontario:

A&L Laboratories Canada London $436,839
Quantum5x SystemsLondon$126,623
Delhi SolacDelhi$80,095
Big Blue BubbleLondon$60,000
Clearwater ClinicalLondon$50,000
Ontario Drive And GearNew Hamburg  $50,000
Crosschasm TechnologiesWaterloo$50,000
Huron Technologies InternationalWaterloo$50,000
Aeryon LabsWaterloo$50,000
CS Automotive TubingLondon$49,988
Bluewater Wood AllianceWalkerton$49,960
Coorstek Advanced MaterialsParis$49,958
Bluewater Wood AllianceWalkerton$49,890
IMAP AuditsSarnia$49,848
Akira SystemsLondon$49,741
Picard FoodsWaterford$49,680
Coorstek Advanced MaterialsParis$49,500
Red PistonWindsor$49,120
Windsor MoldWindsor$49,000
Orion Foundry CanadaWaterloo$47,760
Pakfab Engineered SolutionsAyr$45,768
Molesworth Farm SupplyListowel$45,648
Conceptual PathwaysStratford$45,200
Great Lakes GreenhousesLeamington$45,012
Bogdon & Gross Furniture Co.Walkerton$44,266
Parallax InnovationIlderton$44,160
Sylvan Point TechnologiesWiarton$44,032
Rescraft Plastic ProductsParis$44,000
Neoventures BiotechnologyLondon$42,000
Kilbank Metal Forming & Turning  St. Thomas$41,002
Gorge CinemaElora$39,936
Rol-Land Farms BlenheimBlenheim$37,928
RemontechSt. Thomas$35,133
Change Air Products & ServicesAylmer$30,000
Dynajoin CorporationCambridge$30,000
LifeLike BiotissueLondon$30,000
Ramsden IndustriesLondon$30,000
2092912 OntarioSt. Williams$28,968

Tuesday, November 20, 2012

Middlesex County tops SWO for residential assessment increases ... farmland values jump

The 2012 MPAC property assessment results are all in, and all regions of Southwestern Ontario fell below the provincial average of an 18.0% increase in residential property value between 2008 and 2012.

Across the region, the highest average increase was in Middlesex County—my new(ish) home—at 17.0%, followed by Grey (16.3%) and Bruce (15.8%) Counties and Guelph (15.5%), with Waterloo Region (15.3%) and Huron County (14.8%) close behind.

(In the MPAC announcement, Brant-Haldimand-Norfolk were lumped together with a range of 8.3% to 10.3% for the three. I used the mid-point for the graph.)

Windsor was at the other end of the scale with a 0.3% increase, followed by Sarnia at 1.8%.

In Ontario, the highest reported increase was in Timiskaming, where assessments were up an average 36.8%. But that doesn't come close to the increases for farmland:

The value of farmland has skyrocketed in Southwestern Ontario over the last four years, with the biggest increases coming in Chatham-Kent (65.6%) and Huron County (65.3%). The Brantford area (64.0%) and Lambton County (62.2%) were also right up there.

Can Windsor use a non-snub to energize a focus on innovation?

OMG, did you hear? There's a new $100 million "Innovation SuperCorridor" initiative from the province introduced in the budget...