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Each grant of up to $30,000 in non-repayable seed financing, accompanied by coaching and mentorship, will encourage regional economic development by helping recipients launch new innovative new products and services, expand their operations, access new markets, attract investment and create jobs. “Seed funding is crucial for the success of many early-stage businesses striving to bring new solutions to the marketplace,” said Dave Smardon, Bioenterprise Corporation President and CEO. -30- Bioenterprise Corporation is a national, non-profit agri-tech commercialization accelerator, providing companies with customized, hands on business advisory services, industry and technical expertise, and global connections. Bioenterprise collaborates with partners across Canada to help entrepreneurs bring agriculture, agri-food and agri-product innovations to market, increase revenues, attract investment and create jobs. Innovation Guelph’s business acceleration programs – including Speedway, the Rhyze Project and BCorp Bootcamp – are designed for high-potential start-ups and small- and medium-sized enterprises across southern Ontario that are ready to grow.