Biometric tech and software startup BioConnect is receiving a FedDev Ontario contribution of up to $3.9 million to scale its operations.

BioConnect, which provides identity management solutions for both digital applications and physical spaces, will use the investment to strengthen its product portfolio, commercialize new technology, and increase its labour force to expand into new markets.

“Virtually every aspect of our modern lives depends on information technology,” said Bains. “The Government of Canada is supporting Canada’s cybersecurity firms, like BioConnect, in the development and commercialization of their innovative technology to compete in new markets, while providing new solutions to safeguard digital security and privacy. We continue to invest in innovative, forward-thinking companies to ensure Canada remains at the forefront of advanced information technology, creating good jobs and keeping our economy globally competitive.”

StartUp HERE Toronto is a publishing partner of Betakit and this article was originally published on their site.