Forge companies receive $120,000 in OCE funding

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Five Forge companies received funding from the Ontario Centres of Excellence (OCE) last month.

All Forge applicants for OCE’s SmartStart Seed Fund, Aiva Labs, HiNT and Mariner Endosurgery, successfully received funding. Each company will receive $30,000 in funding, and will use it to take their startups to the next level.

Forge company Nix Sensor Ltd. successfully received OCE’s Voucher for Innovation and Productivity I (VIP I), and will receive $20,000 that will help them continue to develop, implement and commercialize their innovative Nix Pro Color Sensor.

Forge company Lumago were accepted into OCE’s TalentEdge Program, and will receive $10,000 to further develop their data analytics.

The SmartStart Seed Fund is an exciting new opportunity for Ontario’s next generation of entrepreneurs to access much-needed funding to take their start-up to the next level. Open to young entrepreneurs from the ages of 18 to 29 and entrepreneurs from the age of 30+, the program provides both seed financing and financing for entrepreneurship skills training to help recipients grow their start-up and make them investment and customer ready.

The Voucher for Innovation and Productivity I (VIP I) program helps eligible companies develop, implement and commercialize technical innovations by supporting partnerships between Ontario’s industry and publicly funded post-secondary institutions. Projects funded through VIP I enable the development of new products and/or processes, facilitate productivity improvements, and help generate new revenues and high-value jobs for Ontario.

TalentEdge provides Ontario students and recent graduates with real-world industry experience. Through the program, interns and fellows can apply their expertise, leading-edge knowledge and tools to solving industry problems.

Congratulations to the Aiva Labs, HiNT, Lumago, Mariner Endosurgery and Nix Sensor Ltd. teams!