FedDev Ontario is providing $3.57 million to non-profit NEXT Canada.
The money will support total project costs of up to $6.6 million, and the project will leverage over $3 million in private funding. Each NEXT Canada program participant will receive up to $30,000 in matching seed financing and access to training, mentoring, and guidance from business experts.
Back in 2012, Next Canada received $787,500 in FedDev Ontario funding to support 71 entrepreneurs and create 36 new ventures. The project also leveraged $6 million in private sector funding.Read More