Online Auction Vendor YouBidLocal Gets $50K Investment From Government of Canada

BY: 

Dave Forde
November 27, 2012

Online auction company YouBidLocal Inc. will develop and launch the next generation of its web-based software platform due in part to a $50,000 Government of Canada investment announced recently by the Honourable Gary Goodyear.

“Our government is investing in the ideas and the people of southern Ontario to create jobs, growth and long-term prosperity,” said Minister of State Goodyear. “This investment in YouBidLocal Inc. will allow the company to expand its innovations, resulting in increased sales and new jobs for our region.”

The investment in YouBidLocal Inc. is being provided through FedDev Ontario’s Investing in Business Innovation initiative. The funding will allow YouBidLocal Inc. to leverage an additional $375,000 in private sector investment from a member of York Angel Investors Inc., a southern Ontario angel investment network. The funding will be used to complete development of the next generation of its technologies and processes.
Based in Kingston, Ontario, with an office in Toronto and staff across Ontario, YouBidLocal Inc. offers clearance auctions for estate sales, downsizing situations, business liquidations, and inventory reductions through online auctions. The company has held more than 300 auctions in 30 months, selling 99 per cent of available items.

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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