Ontario launches $200M technology fund
TORONTO, ONTARIO - Ontario will set up a fund of at least $200 million to help companies with new technologies who are having trouble finding investors.
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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APS asks customers to conserve energy after recent blackouts in California
PHOENIX - After excessive heat forced rolling blackouts for thousands of people across California Friday and Saturday, Arizona Public Service Electric is asking customers to conserve energy this afternoon and evening.
“Given the extended heat wave in the western United States, APS is asking customers to conserve energy due to extreme energy demand that is driving usage higher throughout the region with today’s high temperatures,” APS said in a statement.
Tucson Electric Power has made a similar request of customers in its coverage area.
APS is asking customers to conserve energy in the following ways Tuesday until 8 p.m.:
- Raise thermostat settings to no…
