Seven Waterloo region businesses to scale and grow with support from the Government of Canada
Backgrounder
February 12, 2025
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of over $9 million to support seven Waterloo region companies to grow and scale.
| Recipient Name | Project | Funding Contribution |
|---|---|---|
| Alchemy | The Kitchener company will commercialize its next generation of longer-lasting and easier-to-install nanotechnology-based windshield protection products for vehicles. | $1,800,000 |
| Avidrone Aerospace Inc. | The Breslau company will commercialize a new zero-emission cargo drone that is able to carry 20 kgs of commercial and defence cargo, such as goods, parts, tools and medical supplies, up to 100 kms. This technology will enable quicker and more versatile delivery of critical supplies. | $693,000 |
| Ball Service Group | This Kitchener metal fabrication company will augment its capabilities in high precision machining for medical technologies, as well as to diversity into other sectors. | $800,000 |
| FluidAI Medical | The Kitchener company is enhancing its manufacturing processes to scale the commercialization of its post-operative care devices and technology for global markets. | $2,000,000 |
| GeoMate | This Kitchener company is developing AI-powered high-definition maps for 10 major cities across Ontario that will contribute to advancing autonomous driving, infrastructure development and sustainable city planning. | $600,000 |
| Planitar Inc. | This Waterloo company is enhancing its iGUIDE® technology by integrating AI across all aspects of property documentation, driving market expansion. | $1,500,000 |
| Smarter Alloys Inc. | This Cambridge company will increase its efficiency as it scales up production of its shape memory alloy products for use in medical devices (dental devices, cardiology products), automotive (actuators) and energy (heat engine) applications. | $1,800,000 |
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News Release: Government of Canada supports Waterloo Region businesses to scale-up and grow
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