Government of Canada to announce support for businesses and entrepreneurs across Ontario
November 8, 2024 – Ottawa, Ontario – The Government of Canada is committed to supporting businesses and entrepreneurs across Ontario. That’s why today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, will announce significant new investments to help businesses grow and succeed.
Minister Ng will be joined by local business leaders and entrepreneurs for the announcement, which will be held at the Communitech Hub in Kitchener.
The announcement will include details on new funding for:
- The Regional Innovation Ecosystems Fund, which supports the development of regional innovation ecosystems across Canada
- The Scale-Up Program, which provides support to high-growth businesses
- The Export Navigator Program, which helps businesses access new export markets
These investments will help businesses across Ontario innovate, grow and create jobs.
Quotes
“Our government is committed to supporting businesses and entrepreneurs across Ontario,” said Minister Ng. “These new investments will help businesses innovate, grow and create jobs.”
“This announcement is a welcome boost for businesses in Ontario,” said Richard Powers, CEO of Communitech. “These investments will help us build a stronger and more innovative economy.”
Quick facts
- The Regional Innovation Ecosystems Fund is a $950 million fund that supports the development of regional innovation ecosystems across Canada.
- The Scale-Up Program is a $250 million program that provides support to high-growth businesses.
- The Export Navigator Program is a $125 million program that helps businesses access new export markets.
Contact
[Media Relations] [email protected]
Backgrounder
Regional Innovation Ecosystems Fund
The Regional Innovation Ecosystems Fund is a $950 million fund that supports the development of regional innovation ecosystems across Canada. The fund provides funding to projects that bring together businesses, academia, and research institutions to collaborate on innovation.
Scale-Up Program
The Scale-Up Program is a $250 million program that provides support to high-growth businesses. The program provides funding to businesses that have the potential to scale up their operations and create jobs.
Export Navigator Program
The Export Navigator Program is a $125 million program that helps businesses access new export markets. The program provides funding to businesses that are new to exporting or that are looking to expand into new markets.
Government of Canada to announce support for businesses and entrepreneurs across Ontario
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