Report on Small Business Newsletter: Ontario government cuts funding for small-business programs

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Report on Small Business Newsletter: Ontario government cuts funding for small-business programs GlobeSmallBiz

Ontario’s Progressive Conservative government has reduced funding at centres that support small businesses across the province. Small Business Enterprise Centres were informed recently that funding will be cut for specific programs that provide training, mentoring and grants for small-business owners.

The first call came in the middle of dinner rush on a Friday. The voice on the line asked for delivery, and Emily Caulfield, manager of The Portly Chef in Vancouver, was confused. The small neighbourhood restaurant didn’t do delivery, she explained. The caller hung up.For venture capitalists at Collision, the big question is: ‘What’s left to disrupt?’

One of the most interesting companies on Mike Sigal’s radar these days sells crop insurance. An early-stage investor and general partner with the investment fund 500 FinTech, Sigal sees big opportunity in a company called WorldCover, which leverages artificial intelligence and satellite imagery to streamline the insurance process for farmers in Africa.

City council may not go ahead with a proposed grant program for small businesses, after a committee voted against it on Tuesday. The program, which would have seen grants between $750 and $4,000 go to businesses with under 20 employees that apply for it, was struck down 5-2. Next, the proposal will go before council, which will have the final say.

 

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