What is Fuel Injection
After four successful years, the Innovation Guelph Fuel Injection Seed Funding Program that supported business scale-up projects of start-ups and small to medium-sized enterprises (SMEs) located in southern Ontario has come to an impressive close.
Fuel Injection facilitated enterprise growth through commercialization, the generation of new jobs and revenue; attraction of follow-on private investment; the launch of new products or services; and cost savings through energy, water or waste innovations. This program provided seed funding on a one-to-one matching basis up to a maximum of $30,000, and provided support services including mentoring/coaching, market and competitive analysis, financial and marketing strategy, investment preparation, and introductions to strategic partners and was awarded to companies in the following sectors: manufacturing; sustainable technologies; agriculture/agri-food; and social innovation.
Throughout the four-year program, Innovation Guelph had the opportunity to work with 81 amazing companies who are commercializing innovative products and services that are changing the world! While this program is no longer available, it remains a concrete example of IG’s role in supporting entrepreneurs and contributing to the economic ecosystem.