Innovation is Key to Government of Canada Investment
News Release
Project supports an emerging Moncton software startup
March 31, 2016 – Moncton, N.B. - Atlantic Canada Opportunities Agency (ACOA)
Today, the Honourable Ginette Petitpas Taylor, Member of Parliament for Moncton-Riverview-Dieppe, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced a Government of Canada investment of $414,023 in RtTech Software Inc. located in Moncton.
The industrial application software company is receiving the support through ACOA’s Business Development Program to design and develop a computer application that will collect raw sensor data and manipulate it into a form that can be used for analysis and presentation in the existing RtDuet system.
Another project component is to commercialize the recently developed RtDUET Cloud, an innovative real-time asset management application for manufacturing facilities. In 2015, RtTech Software Inc. also received a contribution of up to $142,584 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) to support the design and development of this software.
RtDUET Cloud is a cloud-based, Software-as-a-Service (SaaS) version of the company’s flagship RtDUET solution with monthly subscription-based pricing, making it an easy and more affordable product for small to mid-sized production plants. RtTech Software Inc. develops and markets software apps that provide operational intelligence for industrial facilities.
Quotes:
“Innovation is key to Atlantic Canada’s economic success. The Government of Canada is committed to helping Canadian businesses such as RtTech Software grow, innovate, and become more export ready so they can create good quality jobs and prosperity to Canadians.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA)
“It’s great to see RtTech Software building a solid foundation in Moncton. Everything is available right here to create globally competitive digital companies. I am pleased that the Government of Canada can contribute to their development.”
- The Honourable Ginette Petitpas Taylor, Member of Parliament for Moncton-Riverview-Dieppe
“RtTech’s partnership with ACOA has been invaluable as we develop leading Industrial Internet of Things (IIoT) technology. ACOA funding has enabled RtTech to recruit local technical resources to develop industrial apps and ultimately market these solutions within 17 countries across the globe.”
- Keith Flynn, Founder and President, RtTech Software Inc.
Associated Links:
Contacts:
Paul CJ LeBlanc
Senior Communications Officer
ACOA New Brunswick
506-452-3310
Teri Maltais
Marketing Director
RtTech Software Inc.
506-232-5309
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