Federal Government Invests $20 Million Into 10 B.C. Companies To Scale Up

Western Economic Diversification (WD) has announced that 10 B.C. companies will receive support through their Business Scale-up and Productivity (BSP) program to grow these emerging sectors.

Spread across clean technology, digital economy, health sciences, and value-added agriculture, local MP Terry Beech announced that the companies will receive almost $21 million.

Supporting innovative firms in a variety of key sectors in Western Canada is a priority for 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.

The projects announced include:

Delta’s Big Mountain Foods – $4 million to expand operations and sales of plant-based foods.

Vancouver’s Clarius – $2.4 million to globally expand sales and marketing of handheld ultrasound devices.

Vancouver’s Clir – $4 million to expand operations and sales of a renewable energy software.

Vancouver’s Fatigue Science – $300,000 to develop machine learning algorithms and increase sales of fatigue risk management platform.

Vancouver’s FORM – $1,498,082 to expand operations and sales of smart swim goggles.

Kelowna’s Hyper Hippo – $2,804,000 to increase market share by implementing new sales strategies and product adaptations.

Vancouver’s Klue – $2,000,000 to increase staff and deliver marketing plan for AI-driven competitive intelligence software.

Vancouver’s Panevo – $750,000 to increase operational capacity to expand software and consultancy sales globally.

Vancouver’s Portable Electric – $750,000 to increase manufacturing capacity, sales, and marketing of electric power stations.

Vancouver’s Routific – $2,197,700 to increase customer acquisition and retention for delivery route optimization software.