Mr. Speaker, I rise today to acknowledge the joint initiative between Bioenterprise Corporation and Innovation Guelph.
FedDev Ontario is providing Bioenterprise Corporation and Innovation Guelph with an investment of up to $4.84 million to provide entrepreneurs and early-stage businesses with seed funding, access to specialized industry expertise, and business coaching.
Funding will be geared toward supporting entrepreneurs in agriculture and agri-food technologies, sustainable and environmental technologies, advanced manufacturing, and social innovation industries.
Our investment in Bioenterprise Corporation and Innovation Guelph shows the Government of Canada's support for entrepreneurs and our commitment to diversifying the southern Ontario economy by supporting these innovative businesses.