Backgrounder: Funding helps Sydney organizations to create jobs, support entrepreneurship and build the innovation ecosystem
Backgrounder
The Government of Canada invests more than $1.8 million in four projects to support business growth in Sydney, including $1,476,900 from ACOA and up to $393,000 from NRC IRAP.
| CLIENT NAME | PROJECT | TOTAL | MEDIA CONTACT |
|---|---|---|---|
| Navigate Startup House | Navigate Startup House will continue to support early-stage, high-growth potential, startup companies through its innovation hub for the next two years. Navigate promotes entrepreneurship, job creation and innovation and operates the Nova Scotia Power Makerspace, assisting entrepreneurs with prototype development with Nova Scotia's largest Makerspace facility. This will maintain nine jobs. | ACOA: $999,900 non-repayable (Regional Economic Growth through Innovation program) |
Todd Graham Operations Manager Navigate Startup House 902-565-9004 (cell) tgraham@navigatestartup.com |
| Talem Health Analytics Incorporated | Talem Health Analytics will commercialize and implement its artificial intelligence (AI) and data analytics platform serving the North American auto insurance industry. This will also allow Talem to expand its workforce to 23 including 11 new full-time employees. NRC IRAP is providing advisory services and funding to support this research and development project. |
ACOA: $327,000 repayable NRC IRAP: |
Paul Travis CEO Talem Health Analytics Incorporated 902-217-6778 paul@talemhealthanalytics.com |
| Copol International Limited – Packaging Films | Copol International will update equipment on one of its production lines. This will help the North Sydney company that creates plastic film for the flexible packaging industry, grow, be competitive and ensure its reputation for high quality products. Copol will maintain 50 jobs. | ACOA: (Jobs and Growth Fund) |
Denis Lanoe VP Operations and General Manager Copol International dlanoe@copolinternational.com |
| Cape Breton Capital Group Incorporated | Cape Breton Capital Group will hire an Investment Coordinator/ Analyst to assist in building relationships with potential businesses and start-ups, investors, incubators, and accelerators. | ACOA: $50,000 non-repayable (Jobs and Growth Fund) |
Holly Chisholm Manager of Operations and Investment Cape Breton Capital Group 902-565-9782 holly@capebretoncapital.com |
| Total | $1,869,900 |
Contacts
Marianne Blondin
Press Secretary
Office of the Minister of Official Languages and of the
Atlantic Canada Opportunities Agency
Marianne.Blondin@acoa-apeca.gc.ca
Chris Brooks
Communications Director
Atlantic Canada Opportunities Agency
902-830-3839
chris.brooks@acoa-apeca.gc.ca
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