Ontario Startups Receive $5.4 Million from Investment Accelerator Fund

Posted by Techvibes NewsDesk

The Government of Ontario and MaRS announced today that twelve more Ontario companies have now received funding from the Investment Accelerator Fund (IAF) totalling $5.4 million. This round of funding brings the program’s total investment in Ontario’s emerging enterprises to $26.6 million in 57 companies since its inception.

As Ontario’s most active seed-stage investor, the IAF helps startups develop their businesses and position them for further investment by angels and venture capitalists.

The fund invests up to $500,000 in companies with the potential to become global leaders in their fields and provide sustainable economic benefits to Ontario.

To date, IAF portfolio companies employ more than 800 staff in high-value jobs, fuelling Ontario’s innovation economy. Funding and support from the IAF will help these innovative companies introduce new technologies that will make businesses more efficient, benefit quality of life, improve our health and protect our environment.

Since December 2011, the IAF has invested up to $500,000 in each of the following companies:

Company:
Sweet Tooth
Website:
http://www.sweettoothrewards.com
Location:
Waterloo, Ontario, Canada

Based in Waterloo, ON, Sweet Tooth enables merchants to offer unique and effective customer loyalty programs for their customers. As the world's most customizable and flexible software for customer loyalty, Sweet Tooth allows for optimization of any loyalty program to perfectly engage a particular customer base or target market. Visit Sweet Tooth at sweettoothrewards.com or follow Sweet Tooth on Twitter:... more

Company:
CrowdCare
Website:
http://www.crowdcare.com
Location:
Toronto, Ontario, Canada

At this point there are billions of connected devices in consumers hands around the world. Regular people are buying these great devices that are supposed to entertain us, educate us, connect us and make us more productive. But what happens when regular people can't figure out how to make them work? At CrowdCare we recognize the value of crowdsourced ideas and have built the next generation of tech support tools... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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