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ARTICLE · 29 JUNE 2018

Government Of Ontario Announces Plans For Fintech Accelerator Office

McCarthy Tétrault
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On May 2, 2018, the Government of Ontario formally announced plans to open the Fintech Accelerator Office (FAO).

CanadaTechnology
SnIP/ITs Blog
SnIP/ITs Blog
Arie Van Wijngaarden
Arie Van Wijngaarden
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On May 2, 2018, the Government of Ontario formally announced plans to open the Fintech Accelerator Office (FAO). The development of the FAO will be overseen by the Toronto Financial Services Alliance, Ontario Centres of Excellence, and the OneEleven startup accelerator.  The target launch date for the FAO is November 2018.  The Government of Ontario had previously announced plans for the FAO and a Fintech Regulatory Super Sandbox.

The FAO's objective will be to help Fintech startups develop and scale their businesses by connecting them with regulators, global financial institutions, and  other Fintechs. This will be beneficial to Fintechs looking to navigate regulatory requirements, obtain access to business support programs, and explore opportunities for financing and demonstrating proofs of concept. The FAO could also be beneficial to policymakers by providing feedback to the Government. The Ontario Government's announcement indicates the FAO will help inform

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