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Government of Canada Announces New Initiative to Support Technology Commercialization and Business Growth in the West

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The Honourable Michelle Rempel, Canadian Minister of State for Western Economic Diversification, recently announced a new government initiative to support technology commercialization and business growth in Western Canada.

Additional Information:

Company: WINN
Website: http://www.wd.gc.ca/eng/14857.asp
Date Published: Nov 5, 2013
Transcript: Available

Video Transcript:

I’m Lesley Mapstone for Investmentpitch.com

The Honourable Michelle Rempel, Canadian Minister of State for Western Economic Diversification, recently announced a new government initiative to support technology commercialization and business growth in Western Canada.

This new Western Innovation Initiative has already been tagged with the acronym WINN.

“WINN demonstrates our Government’s commitment to ensuring that Canadian businesses continue to grow and generate high-value jobs across the West” stated Minister Rempel. “This initiative will help address a need identified by western Canadian businesses to help bring leading-edge innovations to domestic and global markets.”

Under WINN, small- and medium-sized enterprises can apply for funding for a variety of tasks that are essential in taking a product from the R7D stage to the market.

This would include product testing and technology demonstrations, equipment purchases and installation, regulatory approval, marketing, and intellectual property protection.

WINN is a 5-year, $100 million federal funding program available to companies with less than 500 employees.

Businesses with new market-ready, technology-driven products and services may be eligible to apply for up to $3.5 million in direct, repayable funding.

This initiative will support smaller firms across a range of sectors, including health and life sciences, clean technology and energy, aerospace and defence, nanotechnology, and information and communications technology.

The application intake period will begin on November 9th.

For more information on this initiative, please visit www.wd-deo.gc.ca, or to participate in information sessions, contact your nearest Western Diversification office or phone 1-888-338-9378.

I’m Lesley Mapstone for Investmentpitch.com
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