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North Bay innovation centre receives $510,000 in funding

Federal funds will help entrepreneurs adopt new technologies, enhance productivity and increase their global competitiveness.
Anthony Rota, MP for Nipissing-Timiskaming, was in North Bay on Oct. 13 to announced $510,000 for the Innovation Initiatives Ontario North (IION) innovation centre. (Twitter photo)

Innovation Initiatives Ontario North (IION) has received $510,000 in federal funding to launch its new business innovation project, Triple P.

Under the Triple P program businesses can receive up to $10,000 to adopt new technologies, enhance productivity, and increase their global competitiveness. The program is expected to assist more than 40 entrepreneurs and create or maintain up to 90 jobs in Northern Ontario.

“Productivity, process and prototype are the driving force behind our Triple-P initiative and we are proud that our partnership with FedNor will allow us to support businesses in these three key areas,” said IION’s executive director, Rob Deline, in a news release.

“Northern Ontario has limitless potential and we are excited that this strategic initiative will deliver business solutions that will position Northern Ontario firms for immediate and long-term success.”

The funding comes through FedNor’s Northern Ontario Development Program.

IION is a Regional Innovation Centre (RIC) and a member of the Ontario Network of Entrepreneurs (ONE), a network of strategic regional and provincial partners that deliver programs and services to help entrepreneurs and established businesses grow and succeed.

IION is strategically located in North Bay at Canadore College/Nipissing University and serves the districts of Nipissing, Timiskaming, Parry Sound and Muskoka.