November 16, 2017 – GREATER SUDBURY, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Businesses looking to become investment-ready and attract private capital will find the support they need at the Northern Ontario Angels (NOA), a not-for-profit organization dedicated to facilitating connections between Northern Ontario entrepreneurs and accredited angel investors. Assessments, seminars, coaching, networking and match-making are just a few of the services that will be offered by NOA thanks to this Government of Canada investment of more than $1.26 million over three years.
The funding was announced today by Paul Lefebvre, Member of Parliament for Sudbury, and Marc Serré, Member of Parliament for Nickel Belt, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedNor, the Government of Canada’s economic development organization for Northern Ontario.
The three-year funding will enable NOA to continue to expand its services throughout Northern Ontario by strengthening and growing its chapters in each of the region’s five largest communities (Sudbury, Thunder Bay, Sault Ste. Marie, North Bay and Timmins) and establishing a new chapter in Kenora.
“I am proud that our government recognizes the needs of businesses and entrepreneurs in the North and supports their efforts to grow and succeed. Today’s announcement will help fuel the economy of Nickel Belt, Greater Sudbury and all of Northern Ontario by attracting private sector investment to our communities and ensuring that our local businesses have the tools they need to thrive.”
– Marc Serré, Member of Parliament for Nickel Belt
“The Government of Canada is proud to invest in strategic initiatives that strengthen the economy, encourage innovation and enhance business development and growth. The funding announced today will provide businesses and entrepreneurs across Northern Ontario with the services and connections they need to grow and reach new markets.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
“I look forward to the long-term growth and prosperity this investment will deliver for Greater Sudbury and all of Northern Ontario. Technology and innovation are the keys that will help us unlock the door to new economic, scientific, industrial, medical, social and environmental possibilities, and shape our future as a nation.”
– Paul Lefebvre, Member of Parliament for Sudbury
“I would like to thank the Government of Canada for this strong show of support for the work we do and the results we deliver for the people, businesses and communities of Northern Ontario. We welcome and appreciate FedNor’s continued support which allows us to continue to expand our services with the goal of bringing entrepreneurs and investors together to explore new business opportunities.”
– Chris Winrow, Chair, Northern Ontario Angels
Special Assistant – Marc Serré MP