Briefing

    FedDev Ontario announces $53.3 million for Toronto organizations

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    Innovate Cities will receive $11.1 million to develop a Smart Cities Innovation Cluster aimed at using data in commercial, residential and public spaces to inform accessibility and energy efficiency. The Yves Landry Foundation will get up to $11 million for its initiative supporting companies adopting clean technologies. The University of Toronto will see up to $10 million to go toward the Southern Ontario Smart Computing Innovation Platform. Toronto Global, a non-profit, will receive up to $10 million for its work in attracting foreign investment to the Toronto region. The Ontario Bioscience Innovation Organization will receive up to $6.24 million to help scale up health-science companies and non-profit Palette will receive $5 million to support the manufacturing and communications sectors. (The Logic)

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