Bay of Quinte MP Neil Ellis announced $2.7 million in capital funding for six Prince Edward County tech firms on Friday, creating 15 new jobs.
Funds of $1.35 million from Prince Edward Lennox and Addington Community Futures Development Corporation’s Upper Canada Equity Fund were matched from private sector investment partner, First Stone Venture Partners.
The six companies include Nessis Inc, Green Switch Inc, Nectar Desk Inc, Mimetics Inc, DOT Directory Inc and Gomma Inc. All offer products ranging from innovative software for businesses to engineered micro-cut clothing.
Mimetics Inc is a company that specializes in Science, Technology, Engineering and Mathematics education using robotics.
Myke Predko is the President and co-founder says they offer classroom and after school programs for developing middle school students’ interests with an emphasis on girls.
The product has been used with over 4,500 students from grades 2 to 12, and increased advanced high school math and science enrollment.
He praised his company’s efforts in boosting girls’ interests in STEM, from 9% to 63%. Boys interests’ jumped from 30% to 82%.
MP Ellis says it’s essential for the government to provide the necessary resources to create conditions that foster economic growth, jobs and prosperity.
County Mayor Robert Quaiff agreed this is fantastic especially with the news of job creation.
Other dignitaries on hand included Hastings Lennox and Addington MP Mike Bossio, Prince Edward County councillors Barry Turpin, Gordon Fox, Janice Maynard and Bill Roberts.