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.