Supporting Global Expansion at Eigen Innovations

News release

March 12, 2019 – Fredericton, NB – Atlantic Canada Opportunities Agency

Exporting innovative products to new markets brings wealth to our communities, helps businesses expand, and creates jobs for the middle-class and for those looking to join it. When companies are able to export successfully, there are significant economic rewards to the company, to the community, and to the region as a whole.

Eigen Innovations Inc. creates Artificial Intelligence (AI) business solutions that help its clients refine manufacturing processes, reduce costs, and improve their overall profitability. The company is expanding its current foothold within the U.S. and looking to fuel additional growth in new markets including Asia, and Europe. Thanks to Government of Canada assistance, Eigen will execute incremental market development activities targeting these regions. In addition, Eigen is filling two senior positions focused on data science and machine learning. 

The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a contribution of $708,067 to assist with the marketing project, as well as two $50,000 contributions toward the senior level positions.

Matt DeCourcey, Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship and Member of Parliament for Fredericton, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, made the announcement today.

The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping small and medium-sized businesses to start-up, expand, or modernize and is supporting not-for-profit organizations to fuel business growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region. 

Quotes

“The Government of Canada is committed to helping Atlantic Canadian businesses grow and diversify. Through ACOA, we are making strategic investments in companies like Eigen Innovation that are taking steps to expand and contribute to the growth and diversification of the economy in Atlantic Canada.”

- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA

“I am pleased that the Government of Canada, through ACOA, is supporting Eigen Innovation’s efforts to attract new skills and successfully expand their reach in the global marketplace. These investments in skills will help bring more business to Eigen Innovations, which benefits our entire region.”

- Matt DeCourcey, Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship and Member of Parliament for Fredericton

“Eigen is proud of its Atlantic roots and committed to growing and creating jobs here. We are thrilled to partner with ACOA and look forward to adding to our team here in order to grow our business in North America and around the globe.”

- Scott Everett, CEO & Co-Founder, Eigen Innovations

Quick facts

  • The Government of Canada is providing a conditionally repayable contribution of $708,067 for market development activities through ACOA’s Business Development Program (BDP).

  • The Government of Canada is also providing a non-repayable contribution of $50,000 toward the hiring of a Lead Data Scientist through ACOA’s Business Development Program (BDP).

  • The Government of Canada is providing a second non-repayable contribution of $50,000 toward the hiring of a Machine Learning Architect through ACOA’s Regional Economic Growth through Innovation program.

  • The Business Scale-up and Productivity stream of the Regional Economic Growth through Innovation program supports businesses at various stages of development, including high-growth firms, to accelerate their growth, assist them in scaling up and enhance their productivity and competitiveness in both domestic and global markets. 

Associated links

Contacts

Bronwen Mosher
Communications Officer
ACOA
506-292-7524

Kyle Gillis
Financial Controller
Eigen Innovations
506-343-2246

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