Month: January 2016

Ontario auto sector has least confidence in province's economy

Businesses in the automotive and manufacturing sector have some of the least amount of confidence in the Ontario economy, according to a new report. Fifty-three per cent of businesses in that sector are confident in their own organization’s economic outlook, compared to a 62 per cent provincial average, according to the Ontario Chamber of Commerce …

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COM DEV secures $10M contract with leading satellite maker

CAMBRIDGE, Ont.—Space hardware manufacturer, COM DEV International Ltd., has signed a major strategic supply agreement with a “key” customer. Valued at as much as $10 million, the deal will make the Cambridge, Ont.-based firm the exclusive supplier of satellite switches to the unnamed customer over the next three years. Read more at canadianmanufacturing.com

U of Waterloo expands startup program on campus with new lab

The University of Waterloo is expanding its internationally respected Velocity incubator with the opening of a new lab on campus and the addition of Velocity Start, a new space where any aspiring student entrepreneurs can develop their ideas. Velocity Science is tripling the size of its on-campus lab to more than 2,600 square feet, which …

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No “one size fits all approach” to scaling up businesses in Ontario

Toronto – A major contributor to Ontario’s prosperity gap is the small size of its firms. Aiming to close this gap, the Institute’s new Working Paper, A place to grow: Scaling up Ontario’s firms, assesses the factors that contribute to a business’s size. Given the diverse nature of Ontario’s business, the Working Paper found there …

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Ontario utility rolls out microgrid project using Tesla’s Powerwall

AJAX, Ont.—One of Ontario’s leading utilities is launching a project that will use residential solar coupled with Tesla’s new Powerwall energy storage unit to create two residential microgrids in Ajax, Ont. Veridian Connections, a utility that serves 119,000 Ontario customers east of Toronto, plans to launch the program in the second quarter of of 2016. …

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