FedDev Ontario & # 39; s recent $ 3.9 million investment in a digital identity technology firm based in Toronto, BioConnect, help to Canada digital chart achieve its objectives to increase the safety of its citizens, according to the organization.
BioConnect, founded in 2010 and named one of the 20 most innovative companies in Canada in 2017 by the Canadian Innovation Exchange, specializes in the design of biometric access control solutions that can be used by individuals to verify their identity in physical applications, IoT and digital
“Virtually all aspects of our modern lives depend on information technology. The Government of Canada is supporting Canadian cybersecurity companies, such as BioConnect, in developing and marketing its innovative technology to compete in new markets, while providing new solutions to safeguard digital security and privacy, "said Navdeep Bains, Minister of Innovation and Science and Economic Development, in a press release. "We continue to invest in innovative and forward-looking companies to ensure that Canada remains at the forefront of advanced information technology, creating good jobs and maintaining our competitive economy worldwide. "
The investment, which is being leveraged along with $ 9.1 million in private investments, will be used by BioConnect to execute a growth plan to expand its operations. This investment, and the resulting growth plan, will allow BioConnect to create 40 new jobs in Toronto, including 16 jobs in the fields of science, technology, engineering and mathematics.
“We are tremendously grateful for the partnership we have formed with FedDev Ontario. This program is a perfect example of the Government of Canada that supports young and innovative Canadian companies and gives them the necessary support to compete globally, "said Rob Douglas, founder, president and CEO of BioConnect." FedDev Ontario support It is a material catalyst for us to continue investing aggressively in the future of BioConnect. We are a very proud Canadian company committed to the GTA and we will take advantage of this partnership to continue to increase our worldwide presence. "
BioConnect currently has 1,600 clients and 60 associations in Canada, the United States and the United Kingdom.
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