Three Ottawa firms split $1.85 million from the Ontario Government

Posted by Darren Anderson

Province of Ontario LogoIt was announced yesterday that three Ottawa firms have received $1.85 million in funding from the Ontario Government.

Here is the breakdown of the companies involved, the investment amounts, and how the money will be used:

  • MDS Nordion
    • Total investment - $850K
    • Purpose of funds - Investment came from Ontario's Biopharmaceutical Investment Program to help fund commercial trials of a treatment for a type of tumour that affects about 80,000 people annually.
  • You i Labs
    • Total investment - $500K
    • Purpose of funds - Investment came from the province's Investment Accelerator Fund and will be used to increase marketing programs and hire six additional employees. You i Labs is preparing to launch its first established brand name consumer device at the Consumer Electronic's Show in Las Vegas in January.
  • Seregon Solutions
    • Total investment - $500K
    • Purpose of funds - Investment also came from the province's Investment Accelerator Fund, and the company said it will use the investment to help expand staff from 15 to 60 over the next 18 months. 
Company:
MDS Nordion
Website:
http://www.mds.nordion.com
Location:
Ottawa, Ontario, Canada

Like you, MDS Nordion values health and well-being - in fact, we make it our business to care about people, and we are dedicated to preserving their health. Everyday, our technology, products and services touch the lives of thousands of people around the world, and are used daily in hospitals and clinics and by the makers of radiopharmaceuticals and medical devices. MDS Nordion is a world leader in radioisotope... more

Company:
YOU i Labs
Website:
http://youilabs.com
Location:
Ottawa, Ontario, Canada

Creators of the world’s first intelligent software graphics processing unit ( isGPU). YOU i Labs brings together the experience and people from leading gaming, GUI development, and mobile service companies who have led in their space for over seven years. Together there are over 490 million devices running software developed by our team. Our focus is on developing next-generation technology that enables smart... more

Company:
Seregon Solutions Inc.
Website:
http://www.seregon.com/
Location:
Ottawa, Ontario, Canada

Seregon was founded in 2002, is privately held and is headquartered in Ottawa, Canada, in the heart of Canada’s Silicon Valley North. Seregon’s experience in developing access solutions for wireless handheld devices resulted in the creation of the Seregon Mobile Application Platform, which enables ISVs and developers of custom applications to develop mobile access solutions for their applications quickly and at... more


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Darren Anderson

Darren Anderson

Darren Anderson is an analyst at Branham Group Inc., a leading industry analyst and strategic consulting firm servicing the global information technology marketplace. Each year he coordinates the Branham300, an annual ranking of the top 300 Canadian technology companies, allowing him to keep tabs on the happenings within Canada’s Information and Communication Technology industry. Beyond his... more




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