Ontario launches $200M technology fund
A government source says the $200 million will help drive private investment into emerging Ontario technology companies and other high-tech businesses.
The fund was set up because of serious challenges that new technology companies face in raising venture capital due to tight credit markets.
The source says without access to capital, these companies cannot grow and create jobs in Ontario.
The announcement will be targeted to companies working in clean technology, life sciences, and digital media and communications technology.
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Background of the Incident
The power supply disconnections by AEML were reportedly due to non-payment of electricity bills by the affected households. This action, although necessary under AEML's policies and in accordance with regulatory guidelines, has raised concerns about the impact on residents, particularly during challenging economic times.
Reasons for Non-Payment
Non-payment of electricity bills can stem from various reasons, including financial hardships, disputes over billing accuracy,…
