Federal government announces more than $6.7M for Edmonton businesses

Minister Duguid announces federal investments to accelerate business growth in Edmonton (CNW Group/Prairies Economic Development Canada)

EDMONTON — Terry Duguid, Minister for PrairiesCan, announced a federal investment of over $6.7 million for Edmonton companies to grow by helping them become more productive and competitive, and access new markets for their products and services. Each of these companies is involved in industries such as sustainable building technologies, digital health solutions, advanced manufacturing and renewable energy.

Local companies receiving support include:

• Levven Electronics is receiving up to $1,257,000 to enhance manufacturing capacity, build out a national marketing and sales team, and expand the product line for its patented in-home building technology which makes homes more affordable and sustainable by reducing costs and materials.
• CARE Group is receiving up to $1,500,000 to scale its digital mental health platform to over 50 rural and Indigenous communities across Canada with a goal of enhancing access to high-quality mental health care for underserved populations.
• Demir Engineering Ltd. is receiving up to $2,500,000 to expand in-house production of bi-metallic and metal matrix industrial products, scale up its advanced manufacturing business, increase its workforce, and expand into new domestic and international markets.
• Grengine is receiving up to $1,500,000 to scale production of its battery energy storage technology while expanding manufacturing, reducing costs, and accelerating deployment of its plug-and-play battery packs for critical infrastructure and remote operations.

“Today’s investments will help power some of Edmonton’s most innovative, high-growth companies to realize their full potential, scale up, expand into new markets, and create more high-quality jobs for Canadians. Our government is proud to support Alberta’s technology sector by providing the capital and resources needed to enhance competitiveness and bring Alberta-made solutions to the world,” said Terry Duguid, Minister for PrairiesCan.

“Edmonton is a global leader in innovation, pioneering new products and services in sustainable building technologies, digital health solutions, advanced manufacturing, alternative energies, and much more. Our government’s investments are helping to further advance the Edmonton region’s reputation for bringing new ideas to market across a wide range of sectors and industries,” said Randy Boissonnault, Member of Parliament for Edmonton Centre.