Federal government announces $7M in funding for two B.C. businesses
by CM Staff
The Minister announced Business Scale-up and Productivity (BSP) funding of $2 million for FPS Food Process Solutions (FPS).
Government of Canada invests in innovative B.C. businesses to support their growth and create jobs (CNW Group/Pacific Economic Development Canada)
RICHMOND — On May 30, Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $7 million in funding to support two companies in the clean & digital technology and advanced manufacturing sectors.
Minister Sajjan made the announcement at FPS Food Process Solutions (FPS), a Richmond-based business that provides customized freezing and cooling equipment for the food processing industry.
The Minister announced Business Scale-up and Productivity (BSP) funding of $2 million for the company. With this funding, FPS will commercialize its Spiral Immersion System technology. This technology allows for faster freezing and reduced energy consumption. It is anticipated that this investment will result in increased sales and revenue, and the creation of 40 new jobs.
Minister Sajjan also announced $5 million in BSP funding for RecycleSmart. The company develops and deploys advanced cloud-based waste and recycling container sensor systems that improve the process flow and efficiency of the waste industry.
With the funding, RecycleSmart will commercialize and scale-up production of their Pello waste-management system that uses wireless sensors and cloud computing to track waste bin data. The company anticipates the creation of 50 new jobs as a result of this project.
“The innovation from British Columbian businesses benefits not only our country, but the world. With this funding, we are helping these ground breaking companies to further develop their products, while at the same time, supporting economic growth and good jobs for Canadians.” said Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada.
“We are emboldened by this recognition to not only continue in manufacturing excellence in the food industry in British Columbia, but to ensure this technological advancement places FPS on the map as a local innovator with global reach.” said Jeffrey Chang, President, FPS Food Process Solutions Corp.
