FedDev IBI: Investing in your growing business

FedDev has played a critical role in the development of startups from ideas to commercialization. Since its inception in August 2009, the agency has invested $1.6 billion into company initiatives while leveraging $2.6 billion in other funding supports such as investors, international partners etc. FedDev has many funding programs including: an Advanced Manufacturing Fund, Economic Development Initiative, Investing in Business Growth and Productivity, Investing in Business Innovation, Investing in Commercialization Partnerships and Investing in Regional Diversification.

Investing in Business Innovation:

FedDev Investing in Business Innovation (IBI) is a an initiative set up by FedDev to help foster partnerships between investors and early-stage startups. IBI is meant to provide mentorship, entrepreneurial support and financing to help new businesses grow and succeed. IBI support is available for companies in the not-for-profit sector, innovative early-stage startups with less than 50 employees and angel investor networks in Southern Ontario. 

Direct Delivery and Third-party delivery:

Along with the IBI program, FedDev has many industry-specific program like the advanced manufacturing fund, helping manufacturers increase production, and regional diversification programs. Third-party options include funds set-up with Canadian Manufacturers and Exporters, Waterloo accelerators and Ontario Centres of Excellence.

Note: Depending on the size and growth of your organization, different programs provide specific eligibility criteria for their specific programs. For more information, send us an email at hello@getgrants.ca.