The Government of Canada is committed to building Canada as a global centre of innovation — one that focuses on strengthening the middle class by creating jobs, driving growth across all industries, and improving the lives of all Canadians. To this end, it is providing $3,457,953 to Morris Industries Ltd. (Morris) to commercialize an advanced manufacturing process and create new farm equipment products.
Funding support, provided through Western Economic Diversification Canada’s (WD) Western Innovation (WINN) Initiative, will be a co-investment with Morris to accelerate a capital plan to implement new manufacturing technology that will incorporate advanced features in their products and position the company to remain globally competitive.
Morris will implement new manufacturing technology that enables the use of new materials and methods to offer enhancements to Morris products, a new generation of equipment that benefit farmers with longer product life cycles through increased durability and performance. This technology enables Morris to offer advanced technology to farmers around the world and expand the company’s global competitiveness.
Since 1929, Morris has developed and manufactured high-quality equipment and is recognized for farmer-inspired innovative technology and responsive customer support. Their products are sold extensively through Canada, the USA, and Europe, as well as Africa, Asia, Australia, and New Zealand.
WINN aims to bridge the gap identified in pre-commercialization funding for small- and medium-sized enterprises (SMEs), assisting them in the process of bringing their ideas to market-ready products, processes, and services.
Announced in October 2013, WINN will invest $100 million over 5 years in the form of repayable contributions to for-profit SMEs based in Western Canada. With federal support, all projects aim to be on the market within 3 years.
Source : Government of Canada