January 13, 2023 - Toronto, ON -- Cognota, a software company focused on developing the LearnOps® category and powering operations for Learning and Development (L&D) Teams with its technology, has received a repayable investment of $1.9 million from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) through the Government of Canada’s Jobs and Growth Fund. The announcement was made by the Honourable Filomena Tassi, Minister responsible for FedDev Ontario, at an event focused on economic growth and job creation in the Greater Toronto Area.
“This funding will enable Cognota to scale its learning operation technology platform and expand its intellectual property portfolio while creating more jobs for Canadians,” said Ryan Austin, CEO at Cognota. The funding is expected to create 16 new jobs in Ontario.
Cognota’s first-of-kind LearnOps® software enables corporate learning and development teams to work more efficiently and effectively while gaining data and insights within their learning operations. During times of economic uncertainty, when learning and development teams everywhere will be expected to do more with less, Cognota’s technology enables customers to manage L&D strategy, training requests, projects, resources, and measure learning impact from one system, 70 percent faster and at half the typical cost of using disparate platforms.
“Supporting Canadian innovators as they modernize and develop new processes, technologies and products to improve the way Canadians live and do business is critical. Today’s over $14-million investment from the Government of Canada for eight GTA businesses highlights our commitment to creating jobs, investing in clean technologies and growing the economy,” said
the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
“The Greater Toronto Area is one of the largest contributors to Canada’s overall economy largely due to our competitive and cutting-edge businesses, like the eight companies receiving funding. With investments in the tech, manufacturing and construction sectors, this announcement will not only support over 230 jobs, but will also position our local economy for long-term, future success,” explained Han Dong, Member of Parliament for Don Valley North.
To date, Cognota has established partnership agreements with major companies, such as IBM, Telus, Relias Health, InfoPro Learning, Complete Learning Solutions and others to help power learning operations across the enterprise.
“The funding from FedDev Ontario will enable Cognota to fuel growth opportunities with larger clients and resellers across Canadian and US markets to scale revenue and grow its business,” said Austin. “We’re extremely grateful for the contributions made by the federal government.”
About FedDev Ontario
For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario