The Government of Canada is providing an additional $4.5 million to Northumberland CFDC (based at Venture13) in order to fund local and regional innovation initiatives. As a follow-up to the February 27th, 2019 announcement from the Honourable Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development (ISED) and Minister responsible for FedDev Ontario, MP for Northumberland Peterborough-South Kim Rudd spoke about the importance of investment in innovation and the “Rural Renaissance.”
Northumberland CFDC will launch two projects: one under a local stream for Northumberland County focused on transitioning SMEs into the new rural economy and another under a regional stream which will be delivered to all of Eastern Ontario and will focus on accelerating the growth of existing innovation-driven SMEs.
Venture13 anchor organizations include the Northumberland Manufacturers’ Association, the voice of local industry, and the Cobourg Police Service – Corporate Services, which delivers software as a service products to customers across the nation.
“We celebrate both the important milestone of Venture 13’s one-year anniversary, as well as the Government of Canada’s $4.5 million commitment to the Northumberland CFDC in funding both local and regional innovation initiatives. For the last three-and-a-half years I have spoken about the undeniable ‘Rural Renaissance’ that is taking place every day across Eastern Ontario. From advancements in 3D technologies, aviation technologies, surgical, plastics, and advance manufacturing, there are companies that are making world-class advancements right here in our own backyard. My sincere congratulations to both Venture13 and the Northumberland CFDC for leading the way in creating the jobs of tomorrow here today.” -Kim Rudd, MP for Northumberland−Peterborough South