December 13, 2024 Guelph, Ontario
Today, 12 companies received non-repayable contributions of $20,000 from Boundless Accelerator through Cohort 3 of the Government of Canada-supported i.d.e.a. Fund.
The i.d.e.a. Fund is a southern Ontario-focused initiative that was developed to help clean growth firms access the tools they need to succeed. It provides financial and business advisory supports to develop or redesign green products, services, processes and technologies that reduce impacts to our environment and create made-in-Canada climate change solutions.
The program fosters inclusion and diversity, with a focus on driving sustainable and circular economy growth in Canada. Supported by a $5.2 million-investment for Boundless Accelerator through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the i.d.e.a. Fund is being delivered by six Regional Innovation Centres (RICs): Boundless Accelerator, Innovate Niagara, Innovation Factory, Launch Lab, TechAlliance of Southwestern Ontario, and WEtech Alliance.
“The companies selected for this cohort represent the next wave of innovation in clean technologies and environmental impact reduction,” said Alison Crumblehulme, CEO of Boundless Accelerator. “Their commitment to creating sustainable solutions aligns with our mission to drive meaningful change and growth in southern Ontario. We are proud to support these visionary companies as they turn their ambitions into impactful realities.”
“Canada is ready to be a world leader in the green economy, and southern Ontario’s businesses and organizations are in a unique position to lead the way,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “Through the i.d.e.a. Fund, Boundless Accelerator and its partners are supporting businesses across southern Ontario to commercialize innovative technologies, while adopting new green processes to create sustainable economic growth for generations to come.”
“In southern Ontario, the Government of Canada, is investing in initiatives like i.d.e.a. Fund to help SMEs scale their green technologies,” said Lloyd Longfield, Member of Parliament for Guelph.
“Congratulations to all the recipients announced today by Boundless Accelerator, which will help bring green technology projects from concept to market, ensuring tech firms have the resources to succeed locally and globally.”
The Boundless Accelerator-supported companies in Cohort 3 are:
- Aquam Air Water Ltd.
- Beck’s Broth
- Circulr
- CKJ Innovations Ltd.
- Dript Gourmet
- Edie Farming
- Good Food Farms
- Hundred Year Materials
- LandWise Analytica
- LUVPUPS Treats Ltd.
- Neuston Biosystems Inc.
- Tensor One
To learn more about the i.d.e.a. Fund, visit https://boundlessaccelerator.ca/programs/idea-fund/.
Quick Facts
- Across southern Ontario, 73 companies will receive non-repayable contributions of $1,460,000 in Cohort 3 https://www.idea-fund.ca/cohort-3-recipients/. To date, the i.d.e.a. Fund has supported nearly 320 businesses.
- Regional Innovation Centres (RICs) help Ontario’s early-stage entrepreneurs succeed by offering mentorship, market intelligence, connecting them to funding resources and help innovators work through the challenges of developing their ideas to make them marketable.
- Boundless Accelerator will also partner with four organizations supporting circular economy activities, including the University of Guelph, McGill University, Ontario College of Art & Design (OCAD) and City of Guelph Solid Waste Resources to support the i.d.e.a. Fund and the soon-to-be-launched Sustainable Impact Program.
- Established in 2011, Boundless Accelerator equips entrepreneurs with expert mentorship, resources, education, and connections to help them build innovative, sustainable ventures, with more than 1,400 entrepreneurs supported to date.
Associated Links
- Boundless Accelerator launches the Southern Ontario Environmental Impact Fund
- Boundless Accelerator
- i.d.e.a. Fund
- FedDev Ontario
Contacts
Tehreem Iqbal
Marketing & Communications Manager
Boundless Accelerator
tehreem.i@boundlessaccelerator.ca
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
edward.hutchinson@feddevontario.gc.ca
About Boundless Accelerator
Since their inception in 2011 as Innovation Guelph, Boundless Accelerator’s award-winning programs have grown to serve 1,400+ entrepreneurs across Ontario and Canada who are building a strong, inclusive, equitable and sustainable economy. Accolades for their work include the University of Guelph’s Gordon S. Lang HeForShe Impact Award, the National Enterprise Support of the Year Award and the CANIE Enterprise Support of the Year award for advancing Canadian entrepreneurship through leadership and impact. Most recently, the Technology Councils of North America (TECNA) Innovation Awards recognized the i.d.e.a. Fund program for Innovation in Diversity, Equity & Inclusion. Boundless Accelerator™ connects entrepreneurs with Regional Innovation Centres in Ontario for additional resources and strives to partner with like-minded organizations across Canada to further support and guide our clients to success. Based in Guelph, Ontario, they are in the heart of the Toronto-Waterloo Innovation Corridor, striving to create a future where entrepreneurship knows no limits.
About FedDev Ontario
For 15 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario’s X, Facebook, Instagram and LinkedIn.
