Canada invests close to $13M in Lower Mainland businesses
by CM staff
Seven local businesses in zero waste and clean tech industries will receive funding to commercialize technology, expand their operations and reach new markets.
Photo: CNW Group/Pacific Economic Development Canada
VANCOUVER — The Government of Canada is investing over $5.8 million in four businesses through PacifiCan’s Jobs and Growth Fund and over $7.1 million in three businesses through its Business Scale-Up and Productivity program.
Many of the funding recipients are in zero waste and clean tech industries that are expanding electric vehicle (EV) charging stations, enhancing online sales technology for used EVs, treating wastewater, and repurposing organic waste into commercial products like cat litter and organic fertilizer.
Minister Sajjan made the announcement while visiting one of the funding recipients, Anaconda Systems Limited in Vancouver, B.C. Established in 2015, Anaconda Systems Limited designs, engineers and operates waste management systems for commercial and municipal use.
Anaconda Systems Limited has created an innovative aerobic composting system that can turn waste into organic fertilizer in 10 days – a process that typically takes 90 to 180 days. This process results in less waste to landfills, reducing methane gas in our atmosphere and helping create a net zero future. The company is receiving $2.5 million through the Jobs and Growth Fund to scale up its operations and market this solution across North America.
The investments are expected to create over 300 jobs and almost $350 million in expected revenue growth for B.C. businesses.
“To reach net zero, the world needs the ingenuity of British Columbian businesses. Companies like Anaconda Systems Limited are finding innovative solutions to global challenges and making British Columbia a leader in clean technology,” said Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada. “Today’s investments will not only create over 300 quality jobs for British Columbians, but contribute to a greener future for Canada.”
