MONTREAL, QC, October 28, 2014 – Fundica, Canada's most successful traditional funding identification and connection platform, and OMX, a secure online marketplace connecting multiple businesses and organizations including academia and government in the international defence, aerospace and security industries, announced a partnership to launch the first funding identification tool designed for the aerospace-defence industry.
The Funding Identification Tool (FIT) is entirely free of charge for users and will be available on both Fundica's and OMX's website. It helps Canadian and foreign aerospace and defence companies quickly and easily identify, apply for and benefit from attractive funding opportunities that exist across Canada. The tool provides access to 97% of all applicable public and private sector funding opportunities – including: tax credits, grants, loans and equity. Intelligent filtering tools make it easy to sort and organize search results in response to individual user needs. The system is kept up-to-date by an automated web bot, a dedicated research team, and directly by funders. The free tool can be accessed through www.fundica.com/aero or used within a third party site as a standalone widget www.fundica.com/widget/.
"Canadian government agencies at all levels – federal, provincial and municipal have created world-leading funding programs in order to stimulate domestic industries and attract foreign investment," says Mike Lee, President, Fundica. "However, identifying, tracking and fully leveraging these programs along with the private sector aerospace and defence investors can be a daunting task for managers. By partnering with OMX, we have been able to merge our expertise in funding with their knowledge of the aerospace-defence sector. The result is a powerful tool – entirely free of charge – that offers considerable value to any Canadian or foreign company active in this sector. We are proud of this announcement and we look forward to a long and promising partnership with OMX," adds Mr. Lee.
OMX's President, Nicole Verkindt, highlights the benefits of the new FIT for the industry: "We are excited to be part of this new and innovative tool that will assist Canadian companies and foreign investors to leverage the benefits of government funding through a cross-jurisdictional, smart platform." Mrs. Verkindt goes on to discuss the value of the partnership: "Partnering with Fundica will allow us to bring OMX's expertise in collecting and analyzing data in the aerospace-defence industry as we assist our clients to meet their business goals. The Funding Identification Tool will certainly make a difference for companies in the industry, particularly SMEs actively seeking to grow their businesses into high tech and international supply chains – maximizing the leverage and ultimately the economic benefits to Canada in the long-term. And that's what we are all about at OMX."
Lana Tayara, M.Eng.
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