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Government of Canada announces over $20 million investment in clean tech, digital economy, health sciences, and value-added agriculture

Support will help British Columbia companies innovate, scale-up, and expand in Canada and around the world

Delta, British Columbia – Western Economic Diversification Canada - Innovative small and medium-sized enterprises (SMEs) across British Columbia are advancing in the areas of clean technology, digital economy, health sciences, and value-added agriculture. By supporting these SMEs, the Government of Canada is enhancing and strengthening the western Canadian economy.

Today, Terry Beech, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and to the Minister of Economic Development and Official Languages (B.C.), on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada, announced that 10 companies will receive support through the Business Scale-up and Productivity (BSP) program to grow these emerging sectors.

Together, these companies will receive a combined total of $20,699,782, including $4,000,000 for Big Mountain Foods Ltd. (BMF) to expand their operation by transitioning to a larger facility located in Delta, B.C. in order to meet the growing demand for their products. The company will also use the funds to commercialize a new innovative chickpea tofu product line, and implement a new marketing plan. With their goal of manufacturing 100 per cent Canadian-made products, the project will provide supply chain benefits to the country’s plant-protein sector. Supporting BMF aligns with WD’s value-added agriculture and food ingredients processing cluster priorities.

Kelowna-based Hyper Hippo Entertainment Ltd. (HHE) is another company receiving support through the BSP program to expand internationally into new global markets. Funding of $2,804,000 will enable HHE to create and publish mobile incremental games, which progress without requiring constant interaction with the player. Federal support will also help the company promote its popular mobile games to multiple non-English speaking countries. Plans include conducting market assessments to identify target markets, adopting cultural references to make games relevant in foreign languages, and developing sales strategies and establishing partnerships.

Supporting innovative firms in a variety of key sectors in Western Canada is a priority for Western Economic Diversification Canada (WD). By providing interest free, repayable funding to help qualified companies grow and expand, WD is delivering on the government’s commitment to grow the western Canadian economy through regional innovation. In British Columbia, these investments will help create over 300 new jobs for middle-class Canadians and will ensure Canada's prosperity for decades to come.

Source : canada

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