Today, the Honourable John Zerucelli, Secretary of State (Labour) and Member of Parliament for Etobicoke North, on behalf of the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a combined repayable investment of nearly $9 million to support the growth of 10 Greater Toronto Area businesses as they strengthen capabilities and seize new growth opportunities amid shifting global market conditions.
Recipient Name |
Project |
Funding contribution |
|---|---|---|
To integrate AI-driven capabilities, and diversify into new markets. A.U.G. Signals Ltd. is a Toronto-based company founded in 1986 that specializes in advanced signal, data, and image processing, with expertise in hyperspectral technology, intelligent transport systems, and water quality monitoring. |
$750,000 |
|
To expand capabilities through the acquisition of specialized equipment to enable in-house processing. Founded in 2017 at the University of Toronto, Acorn Biolabs is a regenerative medicine company pioneering the use of a patient's own stem cells to create personalized regenerative treatments for skin, hair, and long-term therapeutic applications. |
$263,436 |
|
To modernize manufacturing operations, acquire advanced equipment, integrate AI-driven systems and enter new markets. Incorporated in 1999, Candor Industries Inc., in North York, is a Canadian manufacturer specializing in advanced printed circuit boards (PCBs) for high-reliability applications in quantum computing, 5G infrastructure, aerospace, defence, and medical devices. |
$750,000 |
|
To advance EV charging technology through product development and partnerships in Canadian markets. Started in 2020, Etobicoke-based ChargeLab, builds software that makes electric vehicle (EV) charging scalable, affordable, and reliable. |
$750,000 |
|
To modernize operation and integrate advanced manufacturing technologies to enhance competitiveness. Incorporated in 1955, Etobicoke Ironworks Ltd. specializes in structural steel fabrication and scaffolding, providing solutions for commercial, industrial. |
$1,000,000 |
|
To improve operational capabilities through the acquisition of advanced manufacturing equipment. Founded in 2011 and located in Scarborough, MTech is an automotive parts supplier, specializing in the production of transmission, seating, suspension and hydro assembly components. |
$757,782 |
|
To modernize operations by integrating advanced automation technologies and expanding capabilities to support growth. Founded in 1997, Toronto-based Somerville Manufacturing designs and produces ISO-certified in-store retail displays and customer experiences. |
$697,200 |
|
To modernize manufacturing operations and acquire advanced production equipment. Founded in 1970, Spacefile is an Etobicoke-based metal manufacturer that builds high density mobile storage systems for various industries including health care, retail, museums, libraries, law enforcement, government, golf clubs and many other industries. |
$156,631 |
|
To modernize its facility, acquire advanced equipment, and implement integrated engineering and quality systems. Incorporated in 2009, Trinity Tech is an Etobicoke-based company specializing in quality assurance, supplier representation, diagnostics, and advanced engineering support services for the mobility sector. |
$3,500,000 |
|
To adopt advanced printing production equipment to access new markets. Founded in 2000 and headquartered in Toronto, V.C. Ultimate designs and manufactures custom team uniforms, branded ultimate discs, performance apparel, and event merchandise for athletes and organizations. |
$266,532 |
