Thursday, September 05, 2013

Big Viking, Fongo, Aeryon, Rebellion among IRAP Q1 contributions

IRAP-backed projects have traditionally been a great way to find companies doing innovative things across a wide range of sectors—and in big urban, small urban, and rural areas. In the first quarter of the current fiscal year, Ontario Drive and Gear and Biorem received the largest IRAP contributions among Southwestern Ontario companies. Both have a track record of working with IRAP, as does Aeryon Labs, which received the third-largest contribution across the region.

London's Big Viking Games, Waterloo's Fongo, and Waterloo's Rebellion Media Group all received their first disclosed IRAP contributions in the quarter. Veteran Waterloo Region tech companies Campana Systems, Virtek, and Huron Technologies (formerly Biomedical Photometrics) were also among Q1 recipients.

Disclosed IRAP contributions in Southwestern Ontario, Q1 FY2014:

Ontario Drive And Gear (ODG)  New Hamburg$249,565
Biorem TechnologiesGuelph$202,500
Aeryon LabsWaterloo$149,993
Hauser IndustriesWaterloo$99,900
Forest City CastingsSt. Thomas$54,263
Digital Boundary GroupLondon$50,000
Big Viking GamesLondon$50,000
Rebellion Media GroupWaterloo$50,000
Campana SystemsWaterloo$50,000
Huron TechnologiesWaterloo$50,000
ProQuip InternationalBrantford$50,000
CSL SiliconesGuelph$50,000
Great Lakes CopperLondon$50,000
SP Stalls & StorageMount Brydges  $50,000
Autoliv CanadaTilbury$50,000
Brunato FarmsLeamington$49,950
Rapid EDMTecumseh$49,280
Edge AutomationLondon$44,000
Crate DesignsChesley$34,999
Cervini FarmsLeamington$27,100

The largest contribution in the province was $700,000 for Canadian Manufacturers & Exporters (CME).

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