Through Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the launch of the Southern Ontario Prosperity Initiatives, which includes Investing in Business Innovation (IBI).
IBI provides mentorship, entrepreneurial support and financing to help new businesses grow and succeed. The initiative is designed to foster a more competitive southern Ontario economy by focusing on providing business support to new entrepreneurs, helping them transform their ideas into globally-competitive products and services, and increasing their access to private sector investment and advice.
High-growth businesses and new entrepreneurs are critical to southern Ontario's competitiveness. Support through IBI increases the potential for businesses to succeed by strengthening angel networks and encouraging the development of partnerships between early-stage businesses and investors so that entrepreneurs have the tools and capital they need to become world-leading innovators.