Canadian Government Investing $3.6 Million in 100 Startups

Dec 02, 2017

The federal government is delivering on its innovation-driven agenda with a multi-million dollar investment to back 100 domestic startups.

FedDev Ontario announced it is allocating $3.57 million in new funding towards three startup programs led by Next Canada, a non-profit business accelerator based in Toronto.

Through the investment, participants in the accelerator’s three programs—Next 36, Next Founders and NextAI—will each receive up to $30,000 to match seed financing as well as access to training, mentoring and guidance from business experts.

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