For Josh Sookman, the founder and chief executive officer of Guardly Corp., a Toronto-based mobile startup, a recent $237,500 interest-free loan from the federal government is a much-needed investment that will help jump-start his business with new hires and faster deployment. “We can hire more people, and we can have them efficiently working together,” Mr. Sookman says. Not everyone is so enthusiastic about such investments.Critics see funding like this as an example of the government playing investor beyond its qualifications, of “picking winners,” and of using tax money from some businesses to give a head start to others.
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