Today the Federal Economic Development Agency for Southern Ontario (feddev ontario) announced over $14 million in funding for the development of eight GTA-based companies.
companies involved Enable Innovation Inc., Bewhere Inc., Bluedot Inc., Cognota Inc., Earth Boring Company, Mero Technologies Inc., pentaware research group inc. And Schlesinger Group Limited,
funding goal help these companies Developing digital and manufacturing solutions, moving towards greener operations, increasing data in healthcare settings, and improving monitoring and tracking software. The funding is aimed at creating an additional 230 jobs in the GTA.
Today’s announcement was made at an event in Toronto hosted by the two fund recipients, Cognota Inc. and Mero Technologies Inc.
Cognota, founded in 2015, is a Toronto-based software company that provides AI-enabled learning applications. The company’s LearnOps platform helps customers manage and process its operational data in efficient and low-cost ways. Cognota Inc. raising over $1.9 million through Jobs and Development Fund To grow your learning software as well as capture new sales and partnership opportunities in the Canadian and US markets. Cognota said the project would create 16 jobs.
Cognota founder and CEO Ryan Austin said, “Growing a leading software company that is defining a new category is hard work and would have been impossible without the contributions we have received from our people, partners, investors and the Government of Canada. ” , “This funding will allow us to play our part and keep the economy moving while creating new jobs. With this funding, Cognota is well-positioned to accelerate its business plan and scale its strategy.”
Established in 2018, Mero Technologies Inc. (Mero), a Toronto-based sensor and analytics company, provides smart cleaning solutions for commercial buildings that help measure building performance and cleanliness. Mero is receiving $1.5 million to further commercialize its smart cleaning platform. The project will create 30 skilled jobs as it plans to further expand into the Canadian and US markets.
“Supporting Canadian innovators as they modernize and develop new processes, technologies and products to improve the way Canadians live and do business,” said Hon Philomena Tassi, Minister responsible for Feddev Ontario. “Today’s investment of more than $14 million from the Government of Canada for eight GTA businesses demonstrates our commitment to creating jobs, investing in clean technologies and growing the economy.”