The Funding Portal Inc.

The Funding Portal Inc.

February 17, 2012 12:28 ET

Canadian Venture Says the "Drummond Portal" Has Already Been Built

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2012) - Canadian venture corporation The Funding Portal Inc. states that the call by Donald Drummond for a new single window portal for business to access industrial support programs has already been built and is fully operational.

Launched last July, The Funding Portal is a national bilingual private sector solution that streamlines access to all of Canada's 4,250 federal, provincial and municipal public funding programs, which disburse an estimated $16B in funding each year. Using the Portal's advanced proprietary search engine, TFP Search™, businesses, executives, entrepreneurs, VCs, CFOs, non-profits and universities can find relevant public funding programs in seconds, rather than weeks.

The Portal also provides an online concierge service, linking applicants with Canada's top experts in public funding, many drawn out of these programs with years of expertise, to improve success rates and funding outcomes. TFP provides applicants with secure online workrooms, allowing users to complete their funding and tax incentive applications online, in collaboration with the Portal's Roster of public funding experts.

Rob Brouwer, Canadian Managing Partner, Clients and Markets of KPMG LLP, which assists companies in the complex world of industrial support programs, says a single-window solution such as The Funding Portal is a positive step forward for businesses. "We support this call for a one window online access and services concierge. We are excited by the launch of The Funding Portal and our firm is embracing this much-awaited innovation."

John Reid, President of Canada's Advanced Technology Association, agrees. He says that CATA members have a hard time navigating the world of public funding and The Funding Portal has been well received by its members.

Teri Kirk, CEO of The Funding Portal, says that the Portal provides the Province with a great opportunity to showcase a new made-in-Ontario innovation while executing on one of the important Drummond Report recommendations. Kirk says, "The Portal is fully built and operational, with all Ontario programs loaded and in use by entrepreneurs and executives in the Province."

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