FedDev Ontario gives ventureLAB $4.73 million in funding
In the face of the global chip shortage, Canada’s only lab and incubator for the development and commercialization of hardware and semiconductor solutions, ventureLAB Hardware Catalyst Initiative (HCI), has received $4.73 million in additional funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to expand its scope. The funds will allow the lab to virtualize and expand its testing capabilities, extending its reach beyond Ontario and supporting innovators across the country. “In 2019, this industry generated $210 billion of revenue. And today, in light...
Source: itworldcanada.com