The federal agency is targeting growth-stage companies, non-profits and rural southern Ontario startups through the initiative. The funding will be spread over a period of six years, and includes both repayable and non-repayable investments. (BetaKit)
Talking point: The federal government has made scaling startups a priority through programs like the $400 million Venture Capital Catalyst Initiative, which will likely spur investments in companies within bigger cities. But regional economic development agencies like FedDev can step in to support startups in areas with less funding infrastructure.