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FedDev Ontario pumps $2-million into angel networks

November 30, 2011 /

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The Government of Canada will contribute up to $2-million to support a regional angel-investor network, Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, said Tuesday at the National Angel Summit.

The funds will be distributed to four Southern Ontario angel networks – in Cambridge, Collingwood, Kingston and Toronto – and to two organizations that represent them across Southern Ontario. The money is designated for online resources and for outreach activities to help recruit new investors from the region, across the country, and worldwide.

sean stanleigh

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