OWEN SOUND, ONT. – An $845,000 non-repayable FedDev Ontario contribution for Grey County, in partnership with Catapult Grey Bruce, will help to establish a maker space and device lab at the Sydenham Campus Regional Skills Training, Trades and Innovation Centre in Owen Sound, Ont.
The investment will go towards 3D printers and prototyping equipment to support SMEs to develop STEM skills, integrate new technologies and commercialize products.
Two new programming streams; acceleration programming for established companies and incubation programming for newer businesses, will also benefit from the funds, indicates a release.
The hub will also support 75 businesses, produce 10 new products and services, create 50 new jobs and will leverage an additional $1.8 million in private investment for the region.
The Sydenham Campus is also home to not-for-profit business accelerator Catapult Grey Bruce and the investment will allow Catapult to offer tailored business support to help the growth and success of entrepreneurs across Grey County and neighbouring rural communities, adds the release.
“As Canada recovers from the impact of the pandemic, we are partnering with local leaders like Grey County and its many collaborators to foster the right conditions for 75 businesses and entrepreneurs to grow, stay local and build back better together,” said Melanie Joly, minister of economic development and official languages and minister responsible for the Federal Economic Development Agency for Southern, Ont., in a statement. “We will continue to support their efforts to strengthen and grow their local economies and create good jobs across southern Ontario.”