Today, 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 over $20 million to support nine businesses and organizations in the Greater Toronto Area to adopt advanced technologies, expand capacity, and increase their competitiveness across various sectors.
Recipient Name |
Project |
Total Project Cost |
FedDev Ontario Funding Contribution |
|---|---|---|---|
To expand production capacity and launch new building automation solutions to scale production and grow its global market reach for building automation sensors, revenue-grade power meters, and current transformers. Incorporated in 2006, Toronto-based Accuenergy specializes in designing, manufacturing, and supporting advanced power and energy measurement technologies for commercial, industrial, and utility settings, including high-precision power meters, current transformers, data acquisition gateways, and cloud-based energy monitoring platforms. |
$10,000,000 |
$2,600,000 |
|
To strengthen professional sports infrastructure in Toronto to support the growth, visibility, and long-term sustainability of women's professional soccer in southern Ontario. Established in 2023, A.F.C Toronto is a professional women's soccer club based in Toronto, competing in Canada's Northern Super League. |
$2,350,000 |
$1,175,000 |
|
To strengthen competitiveness through market diversification and scale Ontario-based production to support new export demand. Incorporated in 2021, Toronto-based Beachman is a Canadian manufacturer specializing in the design, manual assembly, and sale of electric motorcycles. |
$3,081,254 |
$600,000 |
|
To increase domestic manufacturing capacity by implementing automation and facility upgrades, and strengthening local supply chains. Incorporated in 2017, Scarborough-based Blade Air is a manufacturer specializing in advanced indoor air quality and HVAC filtration solutions for education, healthcare, commercial real estate, and government sectors. |
$1,275,000 |
$446,250 |
|
To upgrade and expand its steel framing manufacturing capacity and diversify its product offerings through the implementation of advanced automated manufacturing equipment. Incorporated in 2020, and based in North York, Corwin Metal Products is a Canadian manufacturer of cold formed steel framing systems serving the commercial, residential, industrial, and institutional construction sectors. |
$2,950,000 |
$900,000 |
|
To expand its SmartScale program to improve southern Ontario small- and medium-sized manufacturers' access to applied engineering, domestic supply-chain solutions and productivity-enhancing technologies. This will help them reduce tariff exposure, lower production costs, and strengthen competitiveness. Incorporated in 2014, Toronto-based REMAP Network is a women and Métis-led not-for-profit organization specializing in advanced manufacturing, supply-chain resilience, and industrial competitiveness for Canadian small and medium-sized enterprises |
$2,270,778 |
$1,746,750 |
|
To accelerate AI adoption in Ontario's screen and performing arts sectors by expanding programming offered by Sheridan's Screen Industries Research and Training Centre , to help SMEs adopt AI-driven virtual production technologies and build innovation capacity. Founded in 1967, The Sheridan College Institute of Technology & Advanced Learning is a post-secondary institution with campuses in Oakville, Mississauga, Toronto and Brampton that serves upwards of 24,000 students through 100 learning programs. |
$3,400,000 |
$1,700,000 |
|
To attract high-impact Foreign Direct Investment to support Canada's market diversification, generate new business opportunities for Canadian companies, strengthen regional supply chains, and connect local suppliers with international firms, while supporting the commercialization of made-in-Canada innovations and improving productivity across the Greater Toronto Area. Incorporated in 2015, Toronto Global is a not-for-profit investment attraction agency that works to attract foreign investment and businesses to the Greater Toronto Area, driving job creation and economic growth through partnerships with all three levels of government. |
$31,269,887 |
$10,000,000 |
|
To establish a shared 40,000 square foot wet-lab incubator at MaRS Discovery District, run by BioLabs - the global leader in shared life sciences lab facilities - in partnership with the University of Toronto. BioLabs University of Toronto will provide life sciences startups with access to wet lab space, specialized equipment, operational support, and commercialization programming to help accelerate innovation, company growth, and the development of new biotechnology solutions. Established in 1827, the University of Toronto is one of Canada's leading research-intensive universities and a globally recognized centre for teaching, research, innovation, and entrepreneurship, serving more than 102,000 students across three campuses. |
$8,488,221 |
$1,750,000 |
