Tungle's Success Story (Views: 6314)
Wed, 15 Jun 2011
In a recent Podcast interview by Frederic Guarino on NextMontreal, Marc Gingras, founder and CEO of Tungle (recently acquired by RIM) explained that Montreal is very attractive for start-ups and was instrumental in Tungle’s success because of the: 1) available government programs, 2) technical capabilities found in the city, and 3) the strong tech community.
Initially, Gingras explained that Tungle received a $100,000 grant from the National Research Council (NRC) that helped launch the product. He then went on to say that over the five year existence of Tungle, the company received roughly $500,000 in NRC funding, $200,000 in government interest-free loans, and additional government funding through R&D tax credits.
For the full Podcast see the following link: http://nextmontreal.com/podcast-tungle-edition/
Initially, Gingras explained that Tungle received a $100,000 grant from the National Research Council (NRC) that helped launch the product. He then went on to say that over the five year existence of Tungle, the company received roughly $500,000 in NRC funding, $200,000 in government interest-free loans, and additional government funding through R&D tax credits.
For the full Podcast see the following link: http://nextmontreal.com/podcast-tungle-edition/
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