Ministry of Economic Development, Job Creation and Trade

Governments of Canada and Ontario finalize agreement with Umicore Rechargeable Battery Materials Canada Inc. for new plant in Loyalist Township

Retrieved on: 
Monday, October 16, 2023
ZEV, Ford, Investment, Government, United Nations, Public expenditure, Local government in Canada, Economic development, Student, CAM, Metal, Strategic Innovation Fund, The Honourable, EVS, Carbon, EV, Trust, Ecosystem, Workforce, Ministry of Economic Development, Job Creation and Trade, Lithium, Map, Cobalt, Nickel, General Motors, Kilowatt-hour, Electric battery, Renewable energy, Video game, Recycling, Rare-earth element, Palladium, Loyalism, Umicore, Eastern Ontario, Science

The Government of Canada and the Government of Ontario are welcoming an investment from Umicore Rechargeable Battery Materials Canada Inc. to build a new manufacturing plant in Loyalist Township.

Key Points: 
  • The Government of Canada and the Government of Ontario are welcoming an investment from Umicore Rechargeable Battery Materials Canada Inc. to build a new manufacturing plant in Loyalist Township.
  • In the last three years, Canada and Ontario have attracted historic new investments by global automakers, EV battery manufacturers and battery materials suppliers.
  • This is the reason why Umicore has chosen Canada and Loyalist Township as the place to build its new electric vehicle battery materials plant, one that will produce green battery components.
  • Umicore has an existing presence in Ontario: its precious metals business in Markham and its emissions catalyst business in Burlington.

Novel Biotechnology Inc. Secures $2.5 Million in Seed Round Funding

Retrieved on: 
Wednesday, September 27, 2023
Biotechnology, General Health, Other Health, Health, Pharmaceutical, DNA, Plasmid, Ministry of Economic Development, Job Creation and Trade, Novel, Ontario Center, New York, Multimedia, Research, Government, NBX, Economic development, CFO, Growth, Ontario Centre of Forensic Sciences, OCI, D, Pharmaceutical industry, Fine chemical, Vaccine

Novel Biotechnology Inc., an innovative biotechnology start-up headquartered in Canada, is pleased to announce the successful completion of its $2.5 million seed round funding.

Key Points: 
  • Novel Biotechnology Inc., an innovative biotechnology start-up headquartered in Canada, is pleased to announce the successful completion of its $2.5 million seed round funding.
  • Co-founded by CEO Pankaj Khanna and a team of accomplished serial entrepreneurs, Novel Biotechnology is on a mission to revolutionize the plasmid DNA market.
  • The proceeds from the seed round will be utilized to expand Novel's existing plasmid services business and expedite its platform R&D initiatives.
  • Congratulations, Novel Biotechnology.”
    "Due to the strong growth within the pDNA market, Novel expects robust revenue growth and profitability by FY2025," said Konstantin Rodionov, CFO & Co-Founder of Novel Biotechnology.

Greenfield Global Adds 30 Million Gallons of High-Purity Alcohol Production

Retrieved on: 
Monday, September 11, 2023
GMP, Food, OTF, Ethanol, Government, Ministry, Solvent, Economic development, Growth, Ministry of Economic Development, Job Creation and Trade, Liquor, Renewable energy

Toronto, Ontario, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Greenfield Global Inc, a world-renowned manufacturer and distributor of specialty alcohols, solvents, and custom solutions, has successfully completed its 30 million gallon alcohol upgrade at its Johnstown distillery, increasing the company’s overall production of high-purity alcohol to nearly 70 million gallons per year.

Key Points: 
  • Toronto, Ontario, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Greenfield Global Inc, a world-renowned manufacturer and distributor of specialty alcohols, solvents, and custom solutions, has successfully completed its 30 million gallon alcohol upgrade at its Johnstown distillery, increasing the company’s overall production of high-purity alcohol to nearly 70 million gallons per year.
  • “Global demand for our high-purity alcohols in key industries including life sciences, food, flavors and fragrances, personal care, and beverage alcohol has exceeded our production capacity for the past few years,” stated Howard Field, President and CEO, Greenfield Global.
  • “Our 30 million gallon production increase will ensure that we can supply our customers through their growth plans with the highest quality standards for which Greenfield is known.
  • Robust railcar and tanker truck load-outs allowing for pure and blended production at the time of filling, and ensuring shipments get to customers as efficiently as possible.

Canadian Cyber Threat Exchange and Rogers Cybersecure Catalyst announce new $10 million program to fuel cybersecurity excellence and innovation in Ontario

Retrieved on: 
Monday, August 28, 2023
SME, Toronto Metropolitan University, The Catalyst, Partnership, The Honourable, Ministry of Economic Development, Job Creation and Trade, Law enforcement, Brampton, Rogers Communications, Government, Mining, Economic development, Government of Ontario, CTI, Ecosystem, Catalysis, Arms industry, Medical device

The government's contribution was announced by Honourable Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade, in Ottawa today.

Key Points: 
  • The government's contribution was announced by Honourable Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade, in Ottawa today.
  • The funding from the Government of Ontario will combine with $3.8 million provided to Brampton-based Rogers Cybersecure Catalyst by Rogers Communications, to enable the implementation and delivery of OCEI.
  • Additionally, they will leverage membership within CCTX to give participants exposure to the Canadian cybersecurity threat landscape.
  • "CCTX is delighted to join forces with the Catalyst to launch the Ontario Cybersecurity Excellence Initiative," said Jennifer Quaid, Executive Director of CCTX.

Synaptive Medical Welcomes Provincial Investment to Expand Manufacturing and R&D Activities

Retrieved on: 
Wednesday, August 2, 2023
Surgeon, Ministry of Economic Development, Job Creation and Trade, Stroke, Research, Franco-Ontarians, Synaptics, MRI, Patient, Economic development, Health, Magnetic resonance imaging, Caregiver, Medical imaging

TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Synaptive Medical has received $900,000 in support from the Ontario government through the Ontario Together Fund.

Key Points: 
  • TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Synaptive Medical has received $900,000 in support from the Ontario government through the Ontario Together Fund.
  • This funding will support Synaptive Medical’s $2.8 million project to expand manufacturing and research and development activities related to the company’s head-only Magnetic Resonance Imaging (MRI) system.
  • The Ontario Together Fund is a government initiative to support homegrown manufacturing and innovation and grow Ontario’s life sciences sector.
  • This is the second project Synaptive Medical has received funding for through the Ontario Together Fund.

Zafin Recognized as the Winner of 2023 Microsoft Financial Services Global Partner of the Year Award

Retrieved on: 
Tuesday, June 27, 2023
Cloud, Microsoft, Fintech, Inspiration, Software as a service, Ernst & Young Entrepreneur of the Year Award, Financial services, Ministry of Economic Development, Job Creation and Trade, Minister of International Trade, Export Promotion, Small Business and Economic Development, Microsoft Inspire, Economic development, Corporation, Small business, International trade, Video game, Zafin

VANCOUVER, British Columbia, June 27, 2023 (GLOBE NEWSWIRE) -- Zafin today announced it has won the 2023 Microsoft Financial Services Global Partner of the Year Award.

Key Points: 
  • VANCOUVER, British Columbia, June 27, 2023 (GLOBE NEWSWIRE) -- Zafin today announced it has won the 2023 Microsoft Financial Services Global Partner of the Year Award.
  • The Financial Services Global Partner of the Year Award was awarded to Zafin for providing an outstanding and innovative platform built on the Microsoft Cloud for Financial Services to banks globally.
  • “Congratulations to the winners and finalists of the 2023 Microsoft Partner of the Year Awards!” said Nicole Dezen, Chief Partner Officer and Corporate Vice President of Global Partner Solutions at Microsoft.
  • The Microsoft Global Partner of the Year Awards are announced annually prior to the company’s global partner conference, Microsoft Inspire, which will take place on July 18-19, 2023.

Recursion Celebrates Opening of Its Canadian Headquarters in Toronto with Government Officials and the Biotech Ecosystem

Retrieved on: 
Monday, June 26, 2023
Workforce, Refugee, Ministry of Economic Development, Job Creation and Trade, University, Government, Toronto Global Forum, Chemistry, Economic development, Drug discovery, Recursion, Biology, Toronto Region Board of Trade, Growth, Entrepreneurship, Ecosystem, Pharmaceutical industry, Nursing

In total, Recursion currently employs approximately 100 highly skilled employees in Canada, and the Toronto site is Recursion’s largest site outside of its global headquarters in Salt Lake City, Utah.

Key Points: 
  • In total, Recursion currently employs approximately 100 highly skilled employees in Canada, and the Toronto site is Recursion’s largest site outside of its global headquarters in Salt Lake City, Utah.
  • "We are thrilled to officially open Recursion's Toronto office and expand our presence in Canada," said Chris Gibson, Ph.D., Co-Founder and CEO of Recursion.
  • “By pushing the boundaries of technology, biology and chemistry, Recursion will help provide transformative healthcare solutions to the people of Toronto, Ontario and Canada.
  • This includes intelligent energy, stormwater and waste management systems, features to encourage sustainable commuting options, and a green roof.

TROES Receives Funding Support for $1.5 million Groundbreaking Mobile Portable EV Charging Solution

Retrieved on: 
Friday, June 16, 2023
Other Energy, Automotive, EV, Electric Vehicles, Manufacturing, Alternative Energy, Energy, Other Manufacturing, NECA, Partnership, DNS, Ministry of Economic Development, Job Creation and Trade, Ministry, DCFC, Economic development, Ontario Centre of Forensic Sciences, Commercial, OCI, BESS, Renewable energy, Innovation

This groundbreaking project is the first of its kind and combines innovative features such as a portable EV charger, foldable solar panels, smart energy storage, and microgrid control.

Key Points: 
  • This groundbreaking project is the first of its kind and combines innovative features such as a portable EV charger, foldable solar panels, smart energy storage, and microgrid control.
  • This unique combination of cutting-edge technologies is set to revolutionize the deployment of EV charger solutions.
  • The product is well-suited to non-urban environments, enabling EV charging capability without the need for permanent infrastructure.
  • "We are excited to partner with TROES Corp on this ground-breaking project," said Bob Eaton, Managing Member of Day & Night Solar.

FedEx Express Canada launches its first 50 all-electric vehicles with BrightDrop

Retrieved on: 
Wednesday, June 14, 2023
BrightDrop Zevo, CAMI Assembly, Pembina Institute, EV, PUD, Life, Investment, Toronto—Danforth, FedEx, Ministry of Economic Development, Job Creation and Trade, BrightDrop, Legislative Assembly of Ontario, Tree Canada, Climate change, Carbon, Parliament, EVS, Organization, Hon, Ecotrust Canada, CAMI, General Motors, Economic development, Natural Resources, Environment, Transport, Renewable energy, Air cargo, MISSISSAUGA

FedEx Express Canada plans to expand its EV fleet footprint as additional charging infrastructure is implemented at FedEx locations across the country.

Key Points: 
  • FedEx Express Canada plans to expand its EV fleet footprint as additional charging infrastructure is implemented at FedEx locations across the country.
  • These 50 EVs are part of a larger agreement between FedEx and BrightDrop that will see FedEx incorporate 2,500 total vehicles across FedEx operations in the coming years, including more than 400 vehicles that are already in operation in Southern California.
  • "FedEx Express Canada is proud of the role we're playing to help our company work toward the goal of carbon neutral operations globally by 2040," said Dean Jamieson, vice president of operations at FedEx Express Canada.
  • Assembled in Canada, these light commercial vehicles help to advance FedEx Express—a subsidiary of FedEx Corp., one of the world's largest express transportation companies—on its journey toward an all-electric delivery fleet.

Bruce Power signs $1.3 billion fuel channel and feeder replacement contract with Shoreline Power Group for remaining MCR projects

Retrieved on: 
Thursday, May 11, 2023
Unit, Component, SNC-Lavalin, Partnership, Ministry of Economic Development, Job Creation and Trade, Electricity, Bruce Power, Hon, MCR, Shelf Life Extension Program, Climate change, Constructor, Investment, Economic development, Aecon, Safety, Ab-Soul, Renewable energy

Tiverton, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Bruce Power has made a major investment in powering Ontario’s economy and climate change goals forward, awarding a $1.3-billion contract to Shoreline Power Group for Fuel Channel and Feeder Replacement (FCFR) for its remaining Major Component Replacement (MCR) projects in Units 4, 5, 7 and 8.

Key Points: 
  • Tiverton, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Bruce Power has made a major investment in powering Ontario’s economy and climate change goals forward, awarding a $1.3-billion contract to Shoreline Power Group for Fuel Channel and Feeder Replacement (FCFR) for its remaining Major Component Replacement (MCR) projects in Units 4, 5, 7 and 8.
  • The announcement comes just days after Bruce Power achieved substantial completion on its Unit 6 MCR project on-time and on-budget .
  • Shoreline Power Group, a joint venture between Aecon, SNC-Lavalin and United Engineers and Constructors, completed the FCFR for Unit 6 and had previously been awarded the Unit 3 MCR project which began March 1.
  • With this new contract, Shoreline Power Group will execute FCFR work on all six of Bruce Power’s MCR project (Units 3-8), helping to extend the life of the site to 2064 and beyond.