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Canada announces $17 million in funding to help technology firms expand into new global markets

Ottawa, Ontario - Global Affairs Canada - The Government of Canada is focussed on supporting Canadian businesses of all sizes to expand their opportunities to sell innovative products and services around the globe while creating high-quality middle-class jobs for Canadians across the country.
 
Omar Alghabra, Parliamentary Secretary to the Minister of International Trade Diversification, announced $17 million over five years to expand the successful Canadian Technology Accelerator (CTA) program. As outlined in the Fall Economic Statement 2018, this funding is part of Canada’s commitment to help small and medium-sized enterprises expand and diversify their exports.
 
Parliamentary Secretary Alghabra made the announcement while speaking at an event in Toronto, Ontario, bringing together Canadian companies that have benefited from the CTA program, as well as investors and tech entrepreneurs. The funding will allow the expansion of CTA programming to global innovation centres: Berlin, Delhi, London and Mexico City. This builds upon the recent expansion of the CTA to four Asian cities (Hong Kong, Taipei, Tokyo and Singapore), funded as part of Budget 2018’s commitment to strengthen Canada’s diplomatic and trade support presence in Asia.
Source : Government of Canada