Investment aims to boost tech companies, aquaculture techniques
HALIFAX—The government of Canada is looking to build up Nova Scotia’s technology sector, as well as give sustainable fishing techniques a leg up.
Through the Atlantic Canada Opportunities Agency, the federal government has announced plans to invest $2.7 million into seven companies and organizations in the information and communications technology, cleantech and fishery sectors.
“One of the most effective ways to help Canadian businesses grow, innovate and succeed is to make strategic investments that build on competitive advantages,” Navdeep Bains, Canada’s minister of Innovation, Science and Economic Development, said at the announcement in Halifax. “The businesses and organizations we are investing in today illustrate a commitment to excellence and to innovative practices that help set them apart in the marketplace.”
Volta Labs Inc., a Halifax-based non-profit that offers a range of mentorship services, will receive one of the largest contributions. The three-year-old firm will receive just shy of half a million dollars to grow its business.
Two tech firms, b4checkin and Pantel International will each receive about $250,000, while fishery companies Nautical Seafoods Ltd. and Gidney Fisheries Ltd. have been awarded $500,000.
Looking to grow a more sustainable seafood supply chain, the government will also provide Sustainable Fish Farming (Canada) Ltd. and the Aquaculture Association of Nova Scotia with $500,000 and $223,009 respectively.