Government of Canada Supports Toronto Software Company

TORONTO, ONTARIO--(Marketwired - July 9, 2014) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

Minister Goodyear and Bernard Trottier, Member of Parliament for Etobicoke-Lakeshore, paid a visit to the offices of Tri-D Technologies today. They observed a demonstration of the company's Exact Flat software, and congratulated the company on the $500,000 loan it has been awarded by the Eastern Ontario Community Futures Development Corporation Network Inc. (EOCFDC Network) through the Southern Ontario Fund for Investment in Innovation (SOFII).

Tri-D Technologies is receiving the $500,000 repayable loan that will allow it to scale up its current operations, including the launch of a comprehensive sales and marketing campaign, product enhancements and the integration of additional 3D computer-aided design (CAD) capabilities.

Following the visit, the Minister and MP Trottier spoke to the South Etobicoke Industrial Employers Association, to outline federal funding opportunities available to help support the region's businesses. The Minister highlighted FedDev Ontario's focus on helping companies become more innovative, productive and competitive. Following this, Agency representatives outlined FedDev Ontario programming during an information session attended by local businesses.

Quick Facts:

• Located in Toronto, Tri-D Technologies is the developer of the ExactFlat suite of software, an add-in for industry-leading 3D CAD platform SolidWorks. ExactFlat automates the design and development of products covered in fabrics or made from composites to increase productivity by up to 90 percent. The company has customers in a broad range of industries, including automotive, marine, furniture and composites.
  
  
• SOFII provides interest-bearing business loans valued between $150,000 to $500,000 to support innovation and growth in small- and medium-sized businesses across the region. SOFII uses the expertise of the EOCFDC Network to address the unique needs and challenges of the innovative businesses in rural and urban eastern Ontario, such as barriers to new product creation and/or development of new processes or technologies.
  
  
• Launched by the Government of Canada in 2012, SOFII is made up of two separate loan funds supported through FedDev Ontario's Prosperity Initiative. The $20-million Fund allocated to the east is being delivered by the EOCFDC Network.
  
  

Quotes

"Our Government recognizes that in order to prosper, we need to be supportive of the potential that southern Ontario's businesses possess. The loan for Tri-D Technologies via the Eastern Network demonstrates how we are investing in innovative companies that will create products and solutions for consumers all over the world."

Gary Goodyear, Minister of State for FedDev Ontario

"I am very proud that our Government is supporting companies like Tri-D Technologies in getting the tools they need to take their innovative ideas and products to the next level. Today's visit has demonstrated firsthand the talent and potential we have here in Etobicoke."

Bernard Trottier, Member of Parliament, Etobicoke−Lakeshore

"Tri-D Technologies has developed an innovative software solution that improves productivity for manufacturers exponentially. The company's digital tools automate the traditional steps in making upholstered products, resulting in lower costs, faster processing and faster time to market. This is one example of how SOFII loans are helping innovative companies contribute to a more productive, globally competitive business sector in southern Ontario."

Christine Dukelow, Chair, Eastern Ontario Community Futures Development Corporations Network Inc. Board of Directors

"Tri-D Technologies continues to gain momentum and win customers with world leading technology. Funding from SOFII is helping us accelerate our growth plans and expand the way in which our innovations are brought to market to both local and international customers."

Eaton Donald, CEO, Tri-D Technologies

Associated Links

SOFII

Tri-D Technologies

Eastern Ontario CFDC Network loans

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