BetaKit on Ontario’s BURST Program:

FedDev Ontario is providing a non-repayable grant of $1.32 million to the TechAlliance of Southwestern Ontario, an organization offering services to start and grow businesses across industries, to launch the BURST program.

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The program will run in three different cohorts. Each BURST recipient will receive up to $30,000 in seed funding (matched by the business); up to $10,000 in training, mentoring and business guidance; and access to workspace at Western University’s Discovery Park.

BetaKit on Québec’s SME Fund:

Capital régional et coopératif Desjardins (CRCD) and Caisse de dépôt et placement du Québec announced a $90 million reinvestment in Capital croissance PME (CCPME), a fund created to support Québec SMEs. This brings the fund’s total capitalization to $540 million.

Since 2010, CCPME has helped fund 322 Québec companies; last year, it provided financing for 70 companies. CCPME aims to help companies raising less than $5 million.