$250M emerging technologies fund launched

Toronto, ON – The Ontario government has launched a new $250 million fund to provide financial support to technology companies in the clean technology, life sciences and advanced health technology, and digital media and information/communications technology sectors.

The fund was initially announced in March in response to the current economic conditions and the reduction in investment capital available to emerging and high-growth companies.

The fund, called the Ontario Emerging Technologies Fund, is a $250 million fund that is funded over five years, to a maximum of $50 million per year for each of the 5 years, that will co-invest alongside qualified investors into innovative, high-growth, private, Ontario companies.

More information about the fund is available at http://www.ocgc.gov.on.ca/site/en/funds/ontario-emerging-technologies-fund/