Ontario Supports North Bay Investment in Innovative Technologies
April 22, 2022Ontario Together Fund continues to support homegrown innovators to create jobs and accelerate commercialization
NORTH BAY — Today Nipissing MPP Vic Fedeli announced that the Ontario government is supporting an investment of over $1.4 million by One Red Maple. The province is investing over $413,330 through the Ontario Together Fund to help small and independent stores in areas where the One Red Maple tool is deployed to boost their digital presence and redirect traffic from the top e-commerce sites to local stores. This will create 8 jobs in North Bay.
“Through the Ontario Together Fund, our government is supporting innovative technologies, so we can unleash Ontario’s economic potential.” said Fedeli. “We are proud to partner with One Red Maple to redirect consumers to products sold by local retailers.
One Red Maple is investing over $1.4 million to create a browser extension application that will redirect consumers to products sold by local retailers. The browser extension application can be activated by the consumer and allow them to search for products sold within their local area.
“Small businesses have been significantly impacted by the pandemic and One Red Maple’s mission is to help independent retailers compete against the large corporations online,” said Mark Sherry, President of One Red Maple Inc. “We show online customers local options and make it easy to shop local. The Ontario Together Fund allows us to move forward and hire 8 to 10 new employees in well-paying IT jobs over the next year.”
Supporting innovative projects like One Red Maple Inc.’s is why Ontario has invested an additional $50 million in the renewed Ontario Together Fund in 2021–22. The fund continues to support local innovators and businesses to further enhance Ontario’s domestic supply chain capacity, promote Ontario’s medical technology ecosystem and build up our manufacturing sector to ensure the province is well-prepared for future challenges.
The renewed Ontario Together Fund is focused on supporting homegrown innovations that help provide goods and services critical to the health, safety, and security of Ontario.
QUICK FACTS
- Ontario’s Action Plan: Protecting People’s Health and Our Economy brings total investments to $16.3 billion to protect people’s health and $23.3 billion to protect our economy.
ADDITIONAL RESOURCES
- Ontario Together Fund program guidelines
- 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario
- See how your organization can help fight COVID-19