The federal government is looking out for British Columbia’s digital and clean technology sectors.

The Honourable Navdeep Bains, Minister of Innovation, Science, and Economic Development and Minister responsible for Western Economic Diversification Canada has announced funding of $453,550 for two projects led by the Vancouver Economic Commission (VEC).

VEC will receive $353,550 to develop the Technology Deployment Network (TDN) — an online platform that connects large institutions with innovators to develop clean technology solutions.

The initiative intends to help 20 Western Canadian companies demonstrate their products or services, generate 10 partnerships, and create as many as 120 high-quality jobs and 30 procurement opportunities.

VEC will also receive $100,000 to develop a coordinated strategy to promote Vancouver as an eSports hub.

With over 170 game development companies in Vancouver, the city is already recognized as an international games development hub. With this funding VEC plans to tap into the booming global market for eSports.

Establishing Vancouver as an e-sports hub is expected to boost tourism revenues, provide a platform for digital technology companies to showcase their talent, and promote business growth in Western Canada.

Vancouver is Canada’s fastest-growing and most diverse low-carbon economy, with local companies continuing to play a crucial role on the front lines of climate action and digital innovation,” VEC’s CEO Catherine Warren commented.

“This federal funding for tech deployment unleashes the chance for startups to work with keystone institutions on urgently needed climate solutions. And funding for a regional Vancouver e-sports strategy underscores Vancouver’s bench strength in the tech, creative and entertainment industries.”