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Ottawa announces $100M fund for startups

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The federal government has announced a $100-million fund for small business start-ups in Winnipeg this morning.

The repayable funds of up to $3.5 million per company are intended to target the critical period to take a company from the research and development phase to commercialization.

Companies with fewer than 500 employees are eligible.

Applications are being accepted from November 9 to December 8.

History

Updated on Friday, October 25, 2013 at 8:10 PM CDT: Corrects typo in headline.

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