Invest Ottawa’s 10th birthday party comes with over $6.6 million in funding to support Area X.O

As the local tech community came together to celebrate Invest Ottawa’s tenth year, Ottawa’s economic development agency for innovation received a significant anniversary present from the federal government. Invest Ottawa expects the totality of the funding to bolster Area X.O’s simulation capabilities, catalyze smart mobility partnerships, and commercialize smart mobility solutions. In October 2020, Invest Ottawa received $17 million to expand the site, $7 million from FedDev, and rebranded the facility to Area X.O. Nick Quain, VP of venture development at Invest Ottawa, began the event seated in his office surrounded by a manifestation of Invest Ottawa’s work. His office walls are covered floor to ceiling in dozens of small pins that each represent a company under Invest Ottawa’s umbrella.