London/CMEDIA: London reportedly being one of Canada’s fastest-growing cities with strengths in agri-food, advanced manufacturing, digital technologies, and health and life sciences, Canadian Government investing $3.5 million to support over 115 businesses across the region.
Today’s announcement by Evan Solomon and others regarding an investment of $3.5 million to launch Polaris led by TechAlliance in London will assist high-potential firms in developing cutting-edge technological solutions across a variety of sectors, including artificial intelligence, cybersecurity, medical technologies, digital health innovation, agricultural technologies, clean growth, housing manufacturing, and zero-emissions vehicles.
“By supporting organizations like TechAlliance, we are empowering businesses in both rural and urban communities to develop cutting-edge Canadian solutions, strengthening our region’s global competitiveness and building a more resilient and prosperous economy for the future,” Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) said.
This investment would advance innovation, accelerating job creation and building a stronger, more resilient economy for the future.
Entrepreneurs would be provided through this project with comprehensive support, including access to training initiatives, mentorship, advisory services, seed funding, leadership development, and coaching.
Through this targeted programming, Polaris will support the growth of over 115 high-potential firms, bridge gaps between rural and urban communities, foster sustainable job creation, encourage the adoption of clean technology, and strengthen and enhance global competitiveness for participating businesses.
