FundingAwards – Who got funded – Week of June 22

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Overall Disbursements: Funding from federal and provincial governments reached $1.4BM this week, compared to $520M last week.

Top Sector: Academic and Research is the top sector this week, attracting $542M, 39% of the total amount disbursed.

Top Region: Ontario is the top province this week, attracting 65% of the total amount disbursed.

Top Recipients in Ontario:

  • Industry: Georgian College Institute received $1.96M from Infrastructure Canada and $1.96M from the Government of Ontario to build a new training centre for marine emergency and safety.
  • Hospitals, Universities & Research Centres: Milton District Hospital received $501.3M from the Government of Ontario to build a new patient care centre.
  • Charities, Non-Profits & Public Sector: Aboriginal postsecondary institutions received $97M from the Government of Ontario to increase access to education.

Funding Disbursed by Industry Sector:

industry june 29

Funding Disbursed by Province:

province june 29

 

 

 

 

 

 

 

 

To receive daily reports on which organizations received funding in Canada, subscribe to The Funding Portal’s FundingAwards™ service.

Capital Markets News Roundup – Week of June 22

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  • Healthtech
    • Clementia Pharmaceuticals secured $60M in Series B funding from OrbiMed Advisors, Janus Capital Group, EcoR1 Capital, Rock Springs Capital, RA Capital Management, UCB Pharma, and New Enterprise Associates.
    • Gladius Pharmaceuticals secured $4.1M in Series A funding from GlaxoSmithKline, SR One, Fonds de Solidarité FTQ, and Lumira Capital.
    • Highland Therapeutics secured $25M in Debt Financing from Citibank and $25M in private equity from an undisclosed investor.
  • Tech
    • Vogogo secured $12.5M in Series B funding from Beacon Securities, Clarus Securities, and Salman Partners.

QP Briefing. Health ministry to put $501 million into Milton hospital expansion

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By John Valorzi

Project is a public-private partnership run by a group led by Plenary Health

The provincial government is putting more than half a billion dollars into expanding and modernizing the Milton District Hospital northwest of Toronto.The Ministry of Health and Long-Term Care says it is spending up to $501.3 million to help finance construction of a new four-story patient-care building at Milton District Hospital to give patients faster access to health care.

The expansion is a public-private partnership run by a group led by Plenary Health.

Eric Hoskins, minister of health and long-term care, announced the new funding Wednesday and said it “marks an important milestone” for the hospital, in a rapidly growing part of the GTA.

“Once completed, the brand new patient-care building and renovations to the existing hospital will ensure patients in Milton have improved access to a number of high-quality services closer to home.”

Denise Hardenne, president and CEO of Halton Healthcare Services, operator of the Milton hospital, said it is a “highly anticipated expansion project that will greatly enhance the delivery of exemplary patient-care programs and services.”

The expansion will create a new patient-care building for critical care, maternal newborn, diagnostic imaging, emergency, surgery and inpatient services. The number of beds will more than double to 129 from 63 and the hospital will add its first Magnetic Resonance Imaging (MRI) machine.

Construction on the project is under way and is slated for completion in the spring of 2017.

The hospital expansion is part of the largest infrastructure growth in Ontario’s history – more than $130 billion over 10 years for rapid transit, highways, hospitals, bridges and schools across Ontario. The Liberals say the infrastructure expansion will help modernize the economy, make Ontario more competitive and support more than 110,000 jobs a year in construction and related sectors .

Money to pay for the infrastructure investment is coming from part of the gasoline tax, sale of green bonds, asset dispositions and the sale of up to 60 per cent of the the Crown-owned Hydro One utility, which by itself is expected to raise billions of dollars for transit and other infrastructure.

Infrastructure Ontario and Halton Healthcare Services have awarded a contract to Plenary to design, build, finance and maintain the Milton District Hospital expansion project. At peak construction, more than 500 workers will be on the hospital site daily.

“Decisions are made by those who show up.” Receive a free two week trial membership at QP Briefing.

FundingSource – Must reads – Week of June 22

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  • FounderFuel. Last call for Montreal tech startups to apply for the mentor-driven accelerator. Teams receive a $50k investment in exchange for 6% equity. Hardware companies can opt to receive $100k for 9% equity.
  • L-Spark. Applications are open to the second round of the Accelerator program designed to grow Enterprise SaaS and cloud startups over nine months. The program provides mentorship and business support, as well as and access to pitch VC and angel investors.
  • Ontario Social Impact Voucher (OSIV) Pilot Program. Social entrepreneurs and enterprises can apply for a Social Impact Voucher. There are 125 vouchers valued at $3k each. Vouchers can be redeemed for social entrepreneurship training with their chosen Social Enterprise Training Organizations (SETOs).
  • National Angel Capital Organization. A new report on investing in Canada shows that Angel Investing Networks invested $90.4M across the country in 2014. Groups made 237 investments to 181 companies. An additional $110.4M was leveraged by companies based on the angel investments.

 

 

 

Canadian Mining Companies. Tap into more than 500 funds on the Portal today

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Mining is a major contributor to Canada’s economy and the government provides significant incentives towards the industry. In fact, there are 546 government funding programs open to mining companies seeking money to grow, hire new staff, innovate, green their operations, and reach new markets.

Are you taking advantage of these important federal and provincial incentives?

  • Targeted Geosciences Initiative. Budget 2015 announced $22M in new federal funding over five years to renew Natural Resources Canada’s Targeted Geosciences Initiative. The Initiative supports private sector exploration, access to qualified workers, and extends the life of existing mines, among other measures.
  • Mineral Exploration Tax Credit. Budget 2015 also extended the federal 15% Mineral Exploration Tax Credit until March 31, 2016. Referred to as the “lifeblood” of junior mineral exploration, the tax credit has helped junior mining companies raise more than $5.5B for exploration since its launch in 2006.
  • British Columbia Grant. The 2015 B.C. Budget included $31M in funding over three years to support mining companies and the ongoing development of a liquefied natural gas (LNG) industry.
  • Sector-Agnostic Funds. The vast majority of funding programs available to the mining sector are sector-agnostic, and instead focus on objectives, such as supporting companies to grow, innovate, or hire new staff. Order a professional FundingSources Report today to make an informed decision about the top 3 funds for your business to pursue.

Quick Facts on the Canadian Mining Industry.

  • Canada is a leading mining country and one of the largest producers of minerals.
  • 380,000 Canadians have jobs in the industry and it is the largest private sector employer of Aboriginal peoples.
  • According to the Mining Association of Canada, the industry contributed $54B to Canada’s GDP in 2013: $22B in mineral extraction, and $32B in mineral processing and manufacturing.
  • The Toronto Stock Exchange has the most publicly-listed mining companies in the world.

 

PDAC partners with The Funding Portal to improve access to Canada’s multi-billion dollar incentives market

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TORONTO, ON (June 30, 2015)—The Prospectors & Developers Association of Canada (PDAC) has entered into a partnership agreement with The Funding Portal Inc. to assist its members to navigate Canada’s $27 billion annual business incentives market.

Effective June 30, 2015, PDAC will host a funding micro-portal on its industry website under the “Members” section, enabling access to The Funding Portal’s innovative suite of products and services. Tools that will be available to members from the PDAC site include FundingSources, custom reports that search through more than 4,500 Canadian and 4,000 U.S. incentives programs to find the top funding programs for Canadian prospectors and developers, the networking platform MyFundCard that generates possible matches among investors and issuers, as well as the Funding Portal SEARCH, a self-help tool that enables companies to do preliminary searches on a no-cost basis on thousands of sources of funding for their business.

“We are keen to ensure that our industry gets the full benefit of these products and solutions through their relationship with PDAC,” said Rod Thomas, PDAC’s President.

“We have been impressed by the suite of products that the Portal has built and the strong market take-up since its commercial launch in 2013. We encourage our members to explore the possibilities that The Funding Portal offers,” added Andrew Cheatle, PDAC’s Executive Director.

“The mining sector is clearly one of Canada’s leading industry sectors and we are pleased to assist the association in making the industry more aware of the programs that exist to support R&D, growth export, innovation and other industry objectives, both in Canada and the U.S. We have been very impressed by the leadership role that the Association has brought to the sector through its world class annual convention and, now, provisioning its industry with a Funding Portal micro-portal,” said Teri Kirk, Founder and CEO, The Funding Portal.

About PDAC

The Prospectors & Developers Association of Canada (PDAC) is the national voice of Canada’s mineral exploration and development industry. With a membership of over 8,000, the PDAC’s mission is to promote a responsible, vibrant and sustainable Canadian mineral exploration and development sector. The PDAC encourages leading practices in technical, environmental, safety and social performance in Canada and internationally. PDAC is known worldwide for its annual PDAC Convention, regarded as the premier event for mineral industry professionals. The PDAC Convention has attracted over 25,000 people from 125 countries in recent years and will next be held March 6-9, 2016, in Toronto.

Contact:
Kathleen Napier
Media Relations, PDAC
416-362-1969 ext. 233
media@pdac.ca

About The Funding Portal

The Funding Portal (TheFundingPortal.com) is a comprehensive service that improves access to both government funding and private financing in Canada and the United States. The Portal aggregates information on more than 8,000 Canadian and U.S. business incentive programs online, providing unique data and analytics products and partners and services that greatly improve the ability of companies to secure funding. More than 17,000 organizations use The Funding Portal each month to find funding.

Contact:
Zuzia Danielski
Chief Communications Officer, The Funding Portal Inc.
613-263-0661
communications@thefundingportal.com