Government of Canada Announces Support for Growing New Technology Companies

Government of Canada Announces Support for Growing New Technology Companies

NEWS RELEASE: May 24, 2017 from Western Economic Diversification Canada.

Seven Calgary-based technology companies will receive over $2.5 million in federal government support to help market and supply their products to the global marketplace, while creating over 70 local jobs.

Through this investment, these companies have developed solutions that will improve access to health diagnostic systems, clean water, and business communication systems, as well as provide more intuitive products for musicians and interior decorators.

David Lametti, Parliamentary Secretary to the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, made the announcement today on the Minister’s behalf during a visit to Innovate Calgary.

Today’s announcement supports western-based companies that develop cutting-edge technology, create jobs, and spur the economy. Funding for these Calgary-based companies is part of several successful projects announced under the Western Innovation (WINN) Initiative. The program provides $100 million in repayable contributions to small- and medium-sized enterprises in Western Canada. Since 2014, WD has invested nearly $97 million through WINN and expects to create over 1,600 jobs across the West.

The Government’s Innovation Agenda aims to make Canada a global centre for innovation – one that drives economic growth by creating better jobs, opportunities, and living standards for all Canadians. This investment is an example of that vision in action.

PS Lametti will also deliver a keynote speech on the Government’s Innovation Superclusters Initiative at Dynamic Source Manufacturing. This $950-million program, designed to jumpstart innovation in high-growth areas where Canada is a world leader, will select up to five innovation superclusters.

Superclusters are dense areas of business activity where innovation happens and where many of the jobs of today and tomorrow are created. They attract large and small companies that collaborate with universities, colleges or not-for-profit organizations to turn ideas into solutions that can be brought to market.

The initiative is part of the Government’s Innovation and Skills Plan, a multi-year strategy to make this country a world-leading centre for innovation, create more well-paying jobs and grow the middle class.

Quotes

“Calgary has again proven that it is a home to a diverse community of innovators. These new technology companies are demonstrating that economic growth is possible in many industries. Our Government is a champion of innovation at all stages in the ecosystem and the WINN funding helps these organizations get beyond a critical stage in their product development.”

– David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development and Member of Parliament for  LaSalle—Émard—Verdun

“Since spinning out of the University of Calgary, the Government of Canada has been supporting us every step of the way. This WINN funding has allowed Zephyr Sleep Technologies to accelerate the launch of MATRx Plus to Canadian healthcare providers”.

– Paul Cataford, Founder & CEO, Zephyr Sleep Technologies

“iConnectivity is honoured to have the financial endorsement of the Government of Canada. This nod builds upon our success in becoming the number one provider of MIDI interfaces in the world. We’re especially excited about how our upcoming product line will create a more connected creative environment for musicians. This investment will help us to commercialize more rapidly.”

– Eric Galcher, President, iConnectivity

“Canada is full of innovative ideas, however it is challenging for small business start-ups to get financing or investment; which is why funding like this is key to progressing Canada forward in the global economy. We would not have been able to advance our technology so quickly, had it not been for our WINN funding.”

– J.R. Brooks, Director of Operations, IWR Technologies Inc.

“WINN funding has enabled Oral4D Systems to expand our clinical documentation and analytics solutions into a larger segment of the dental market. It has accelerated our ability to address new market opportunities.”

– Dr. Hisham Badawi, President, Oral 4D

“At Under the Roof Decorating Inc. (UTR), we design, market and sell innovative products that make picture hanging and wall decorating easy. Our revolutionary new Place&Push™ technology lets you hang picture frames in seconds – and we are thrilled to have WINN’s support to bring this innovative technology to market in a big way.”

– Kelly Krake, President and CEO, Under the Roof Decorating

“Since the founding of Calgary Scientific, we have pushed to be innovative in solving complex technological issues with creativity and out-of-the-box thinking. This support will enable us to continue employing Canadians and growing our uniquely innovative team, with which we have secured over 40 patents.”

– Dave Waldrop, CRO, Calgary Scientific

“As in most cases, innovators and startup companies suffer under incredible financial pressure to launch their ideas and take their product to market.  In Dakota’s case, the award and support from WINN to offset the monies that had been raised internally, has been nothing short of ‘life saving.’  Through the WINN program, we have completed several critical milestones and now have our product coming off the assembly line and into the hands of potential customers around the world.”

– Vaughan Payne, President & Partner, Dakota Supplies Inc.

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