Last week during a visit to the Hydrogen Technology & Energy Corporation (HTEC), the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for Western Economic Diversification Canada (WD), announced investments in 17 companies through the Business Scale Up and Productivity (BSP) program.

Together, these small-and medium-sized enterprises will receive a total of $39 million, including $875,000 to HTEC to develop and commercialize a next generation hydrogen fuel delivery system.

With the support of the WD funding, HTEC will develop and commercialize its next-generation PowerCube hydrogen distribution module.

The investment will allow the company to refine its existing PowerCube technology to support recently announced projects in Edmonton and the Port of Los Angeles; maintain a competitive advantage as the hydrogen fuel cell electric vehicle (FCEV) market develops; and generate increased employment opportunities, revenue growth, and export sales.

Among the additional companies receiving funding are:

AbCellera – Up to $5,000,000

Appnovation – Up to $2,495,500

Binary Stream – Up to $1,143,000

DarkVision – Up to $2,991,500

Jostle – Up to $2,000,000

Pug Pharm – Up to $550,000

Saltworks – $2,500,000

Semios – $5,000,000

STEMCELL Technologies – $5,000,000

Traction Sales and Marketing & Traction Complete – Up to $300,000

Wiivv – Up to $2,300,000

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