
Today, ventureLAB announced new participants in its Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies. The announcement comes on the heels of an additional $4.7 million investment made by the Federal Economic Development Agency of Southern Ontario (FedDev Ontario) on March 5, bringing the total government investment to $9.7 million. The new participants signal the growing importance of Canada’s hardware and semiconductor industry, as demand for chips and sensors continues to surge, causing global shortages and production disruptions.
Full Article: businesswire.com