Backgrounder: Business Scale-up and Productivity program launches new intake, provides $4.6M to three B.C. businesses to expand and reach global markets

Today, the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan) announced support for innovative, high-growth companies in British Columbia, including Business Scale-up and Productivity (BSP) funding of over $4.6 million for three B.C.-based businesses.

The projects announced today include:

Pela
$1,383,500
Funding will allow Pela, a Kelowna-based business with a mission to create a waste-free future, to expand sales and manufacturing capacity for biodegradable consumer products. Pela will hire new staff and develop marketing materials for global sales.

Hyper Hippo Entertainment Ltd.
$1,309,000
Funding will allow Hyper Hippo to increase sales of its video games around the world. With this funding, the Kelowna-based company will invest in product development and new marketing strategies.

Lumex Instruments Canada
$1,966,692
Funding will help Lumex, based in Mission, B.C., scale up its operations to produce tests that detect COVID-19 and other illnesses. Lumex will increase its manufacturing capacity for testing instruments and microchips, add a new cleanroom, hire new staff and enhance quality control.

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• News Release: Business Scale-up and Productivity program launches new intake, provides $4.6M to three B.C. businesses to expand and reach global markets