Ottawa stimulates Toronto startups Wave Accounting and Guardly Corp with a cool million

Posted by Techvibes NewsDesk

The Ottawa government has granted stimulus funding to two Toronto startups.

Wave Accounting will recieve over $750,000, and Guardly will recieve just under $250,000. Both companie are less than one year old.

“The investments in Guardly and Wave Accounting will help the companies to develop new technologies so they can grow their businesses and create jobs,” Mark Adler, Member of Parliament for York-Centre, said in a prepared statement.

The money will be distributed through the Federal Economic Development Agency for Southern Ontario. Wave will use its funding to double its workface by the end of 2012, and Guardly will use its funding to develop an API for developers. Guardly raised seed funding in April from Toronto's Extreme Venture Partners, Bryker Capital, and angel investors.

Company:
Wave
Website:
http://www.waveapps.com
Location:
Toronto, Ontario, Canada

Wave makes it easy to be your own boss. Just do what you're good at, and lean on Wave's smart online software for help with invoicing, accounting and payroll. Wave makes your money-related task easy with: • unlimited invoicing, absolutely free! • accept credit cards on your invoices with our "pay now" feature with a super-low, easy-to-understand flat fee • expense tracking with no more manual entry! Connect with... more

Company:
Guardly
Website:
http://guardly.com
Location:
Toronto, Ontario, Canada

Guardly is a robust communication platform for emergencies that is changing the way mobile personal safety is delivered. Guardly is the first mobile application to give people the ability to both alert and connect in real-time with local authorities as well as their own personal safety network in a single tap. Depending on your configuration of Guardly, you can reach your personal safety network by conference... more


blog comments powered by Disqus

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




Who's Hiring



Recent Comments

Powered by Disqus