weather c
Vancouver
airing now
91.5FM
|
91.5HD2
airing now
8.85 c
Edmonton
airing now
|
91.5 FM
91.5 HD2

Canada to invest over $25.7 million to boost innovation and economic growth in Vancouver

BY The Canadian Press, Mar 20, 2023 8:27 PM - REPORT AN ERROR

Nearly $10 million from a jobs and growth fund will be split by two other companies and the government says businesses benefiting from the cash include one using bioprinting technology to find treatments for incurable diseases.

The federal government is doling out more cash in B.C. this time to help the growth and innovation of 10 Vancouver-based companies.

Harjit Sajjan, the minister responsible for the Pacific Economic Development Agency of Canada, announced eight companies will receive just over $16 million from a federal scale-up and productivity fund.

Nearly $10 million from a jobs and growth fund will be split by two other companies and the government says businesses benefiting from the cash include one using bioprinting technology to find treatments for incurable diseases.

The statement from Sajjan's office says the nearly $26 million in total funding will create 500 jobs, more than $500 million in revenue growth, and over $400 million in new global sales for B.C. companies.

Latest News

Share on

Sign up for the newsletter

We'll deliver best of entertainment right into your inbox
We love to hear from our listeners, so feel free to send us message
whatsUp icon
Message us on whatsapp