Fed-Dev Ontario Announces Funding for Ontario Angel Networks

The federal government is providing new funding for angel investments in Ontario. Mary Ng, Federal Minister of Small Business and Export Promotion, made the official announcement on September 26 as she was participating in a panel discussion on angel investments at the National Angel Capital Organization’s World Angel Investment Summit. Up to $1.5 million will be made available through FedDev Ontario’s Investing in Business Innovation program. The funds are intended to help grow Ontario’s angel networks. Recipients include the Windsor Essex Angel Network, the National Angel Capital Organization, the GreenSky President’s Club, Angel Investors Ontario, the Spark Angel Network and SOAN - Southeastern Ontario Angel Network.