Hamilton’s economic development adds Fundica pilot to aid local businesses in acquiring funding – Global News

Hamilton’s Economic Development team is hoping a pilot project with an artificial intelligence-powered search engine will make it easier for businesses to acquire funding they need to operate.

The online tool Fundica has been plugged into the ED’s website, investinhamilton.ca, in an effort to help local businesses find grants for support and expansion.

”It’s a pilot for us, so for this year and potentially the next year following,” manager of business investment and sector development Jennifer Patterson said of the duration the service will be utilized.

“We’re going to see how this tool interacts and how our companies, how it’s going, how it gets utilized and the successes.”

The Montreal-based financial service is known for using artificial intelligence (AI) to seek grants, equity funding and venture capital connecting with North American banks, economic development agencies as well as entrepreneur supporting organizations.

Burlington and Toronto are a couple of Ontario…

Read Full Story: https://globalnews.ca/news/9191625/hamilton-economic-development-fundica-pilot/

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