Feds invest more than $20M in British Columbia SMEs
The funding support will help ten B.C. companies innovate, scale-up, and expand in Canada and around the world.
Canada’s federal government is investing more than $20 million in small and medium-sized enterprises (SMEs) across British Columbia to develop clean tech, digital economy, health sciences, and value-added agriculture.
Ten companies will receive a combined total of $20,699,782 in support through the Business Scale-up and Productivity (BSP) program to grow these emerging sectors.
The firms, and totals, are:
Big Mountain Foods Ltd. will receive $4,000,000 to expand operations and sales of plant-based foods.
Clarius Mobile Health Corp. will receive $2,400,000 to globally expand sales and marketing of handheld ultrasound devices.
Clir Renewables Inc. will receive $4,000,000 to expand operations and slaes of a renewable energy software.
Fatigue Science will receive $300,000 to develop machine learning algorithms and increase sales of fatigue risk management platform.
FORM Athletica Inc. will receive $1,498,082 to expand operations and sales of smart swim goggles.
Hyper Hippo Entertainment Ltd. will receive $2,804,000 to increase market share by implementing new sales strategies and product adaptations.
Klue Labs Inc. will receive $2,000,000 to increase staff and deliver marketing plan for AI-driven competitive intelligence software.
Panevo Services Ltd. will receive $750,000 to increase operational capacity to expand software and consultancy sales globally.
Portable Electric Ltd. will receive $750,000 to increase manufacturing capacity, sales, and marketing of electric power stations.
And Routific Solutions Ltd. will receive $2,197,700 to increase customer acquisition and retention for delivery route optimization software
“All across Western Canada, companies are creating innovative solutions to important problems we are facing,” said Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada. “By investing in these companies, we empower them to expand on the valuable work they do, while strengthening our economy and creating quality jobs for generations of Canadians.”