Backgrounder: Government of Canada announces over $20.8 million for businesses and organizations in Burnaby, B.C. to expand operations and create jobs
Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan) and the Honourable Terry Beech, Minister of Citizens’ Services announced an investment of over $20.8 million in PacifiCan funding to help seven Burnaby-based businesses organizations. This includes $1.9 million through PacifiCan’s Regional Innovation Ecosystem program, over $12.9 million through its Business Scale-Up and Productivity program, and $5.9 million through its Jobs and Growth Fund.
The projects announced today include:
Regional Innovation Ecosystems
British Columbia Institute of Technology
Funding will help establish a prototyping hub at British Columbia Institute of Technology’s Burnaby campus. The new hub will provide B.C. businesses with training and access to state-of-the-art 3D printing equipment to make prototypes.
Business Scale-up and Productivity
INETCO Systems Ltd.
Funding will allow INETCO to expand marketing and accelerate international sales for its fraud prevention service. INETCO helps banks and retailers shut down fraudulent payments before they are completed.
Binary Stream Software Inc.
Funding will allow Binary Stream Software to scale-up its operations and sales of its cloud-based software, which simplifies accounting for large companies. With this funding, Binary Stream Software will attend trade shows, purchase equipment, expand its marketing activities and hire new staff.
Funding will help ARTMS scale-up and expand its production to include three additional medical isotopes. Medical isotopes are used in cancer, cardiac and lung disease diagnosis. ARTMS’ method for producing these isotopes allows them to be shipped long distances and addresses global supply shortages, ensuring more patients get necessary treatments.
Garibaldi Glass Industries Inc.
Funding will help Garibaldi Glass meet increased demand and improve the quality of its insulated glass products. With this funding, Garibaldi Glass will add a second production line and purchase the most advanced equipment and technology available.
Jobs and Growth Fund
Garibaldi Glass Industries Inc.
Funding will help Garibaldi Glass upgrade their current employee training system, including developing training courses and hiring human resources personnel.
Oxygen8 Solutions Inc.
Funding will help Oxygen8 Solutions Inc. scale up its operations and increase sales of its energy efficient heating, ventilation, and air conditioning (HVAC) units. With this funding, the company will increase the size of its manufacturing facility from 8,500 square feet to 26,500 square feet, hire staff, and expand their marketing efforts.
Vitacore Industries Inc.
Funding will allow Vitacore to scale-up its production of masks and respirators and develop a recycling facility to process discarded personal protective equipment and turn it into building construction material.
Office of the Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada
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