Ottawa leads $20M startup funding round

@TheWindsorStar  The daily newspaper of Windsor, Ont., Canada.

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The Federal Economic Development Agency for Southern Ontario (FedDev), is putting up $4.85-million to help eight young Toronto companies leverage an additional $15.2-million in funding from venture capital and angel investment groups.
Photograph by: Fred Greenslade , Reuters

Public and private funding sources joined together Tuesday to invest more than $20-million in eight Toronto startups.

Gary Goodyear, Canada’s Minister of State for Science and Technology, announced the fresh capital in an early morning keynote address to the Creative Economy Summit at a downtown hotel. The Federal Economic Development Agency for Southern Ontario (FedDev), is putting up $4.85-million to help the young companies leverage an additional $15.2-million in funding from venture capital and angel investment groups.
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