Minister Vandal Announces Federal Investments to Support Innovation and Business Growth in Manitoba

Exceed $22.7 million PrairiesCan grants support innovation and growth in Manitoba.

Winnipeg, MB, November 18, 2022 /CNW/ – Manitoba has a vibrant and diverse economy filled with skilled workers and entrepreneurs. The province is known for its rich agricultural base, transportation expertise, vibrant arts community, and important manufacturing hub.government Canada more steps are being taken to ensure Manitoba A place where industry grows and businesses prosper, creating good job opportunities for Canadian workers.

Minister Vandal Announces Federal Investments to Support Innovation and Business Growth in Manitoba (CNW Group/Canadian Prairie Economic Development)

Minister Vandal Announces Federal Investments to Support Innovation and Business Growth in Manitoba (CNW Group/Canadian Prairie Economic Development)

Today, in the home of future new media Manitoba StudioLab XR winnipegThe Honorable Dan Vandal, Minister of PrairiesCan announced $22.7 million As part of Global Entrepreneurship Week, 16 projects across the province are being funded federally. The investment is expected to create nearly 850 new jobs, 187 of which will be for highly qualified personnel.These projects are expected to generate more than $200 million or revenue growth and $130 million in export sales.

One of the projects announced today includes Grande Prairie’s first virtual media production training studio. Others support businesses across multiple industries. ComIT will expand digital skills programs across the Prairie, focusing on underrepresented groups in the digital sphere. Two of the projects are underway at the University of Manitoba – one to build a controlled facility to test unmanned aerial vehicles and the other to develop technological advances to support protein research clusters.

Funding for these projects is supported through the Business Expansion and Productivity (BSP) Program, the Jobs and Growth Fund (JGF), the COVID-19 Relief Fund, the Regional Innovation Ecosystem (RIE) Program and the Aerospace Regional Recovery Program (ARRI).The prairie is accessible Manitoba Administers all five federal programs.

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“Our investment today will support both Manitoba Economic and business help continues to Manitoba A great place to invest, do business and create great jobs people can count on.our partnership Manitoba Businesses will help them access the tools, funding and support they need to thrive and make an important contribution to the Prairie and the Canadian economy. “
– The Honorable Dan Vandal, Minister of PrairiesCan

“ComIT is delighted to partner with PrairiesCan on a new 3-year program to provide free training to Indigenous peoples, newcomers and other underrepresented communities in the Prairies interested in digital skills to join the tech talent pool. We look forward to continue to work with the government Canada To accommodate as many applicants as possible to grow the tech industry ecosystem. “
– Pablo Linstingart, Executive Director, ComIT

“Innovation in the interactive digital media industry is driven by great ideas, the latest technology and talented professionals. However, with the pace of change faster than ever, developing a modern workforce with the right skills is a ongoing challenges. The StudioLab xR facility is designed to provide solutions to these challenges. By providing certified expertise, industry-leading tools, and spaces to learn, explore, and create, we can ensure Manitobans prepare for the future of work be ready”
LuigizExecutive Director, Manitoba New Media

“Canadian companies across the Prairie are increasingly relying on drones to assist with everything from bridge inspections to precision agriculture and water sampling.” Phil Ferguson’s Price Engineering Research, University of Manitoba These applications are being advanced through the development of intelligent control systems that will enable companies to safely and reliably adopt these mobile robotics technologies. The new DroneZone facility, funded by Prairies Canada, will accelerate this critical research by providing an indoor proving ground for the next generation of drones and mobile robots. “
– PhD marcia friesenDean of the Price School of Engineering, University of Manitoba

Quick Facts

  • The Business Expansion and Productivity (BSP) program advances PrairiesCan’s strategic priorities. It supports high-growth businesses seeking to increase productivity, scale up and commercialize technology. It provides interest-free, repayable funding to registered businesses.

  • The Jobs and Growth Fund (JGF) provides capital to businesses and organizations to help create jobs and position local economies for long-term growth.The fund consists of Canadian Regional Development Agencies (RDAs), providing $700 million National for more than 3 years.This includes up to $70 million Dedicated to businesses created later January 2020 Meet the eligibility criteria.

  • as part of Canadian The COVID-19 Economic Response Program, the COVID-19 Relief Fund, assists businesses in relieving financial pressures caused by the pandemic. It supports eligible operating costs for up to 12 consecutive months.

  • Through the Regional Innovation Ecosystem (RIE) program, the government Canada Targeted investments in non-profit organizations to support businesses in priority sectors to innovate, grow and compete globally. RIE is open to non-profit organizations that support businesses, innovators and entrepreneurs to promote entrepreneurship, development, productivity, technology commercialization, technology adoption, export and investment attraction.

  • The Aerospace Regional Recovery Initiative (ARRI) is helping Canada’s aerospace sector emerge from the pandemic and be equipped to compete on the global stage. The initiative supports small and medium-sized enterprises (SMEs) to operate green and adopt environmentally sustainable practices, increase productivity, enhance commercialization, while further integrating into regional and global supply chains.

Background information

government Canada is providing $22.78129 billion Support 16 projects Manitoba.

total investment Manitoba The economy will support the expansion of manufacturing capacity, innovation and the development of advanced digital technologies.

Jobs and Growth Fund – Investing $400,000

JGF provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.The fund consists of Canadian Regional Development Agency (RDA), providing $700 million across the country over three years. Today, a JGF project funded by PrairiesCan was announced:

Business Expansion and Productivity project – investment or $12,137,052

Through the BSP program, the government Canada is supporting high-growth businesses seeking to increase productivity, scale up and commercialize technology. It provides interest-free, repayable funding to registered businesses. The BSP program supports consolidated high-growth businesses that have been operating in the Prairie Provinces for at least two years. Seven Manitoba BSP recipients funded through PrairiesCan were announced today:

  • CL Malachy ($3,722,055)
    Purchase and install state-of-the-art sheet metal processing equipment.

  • Red River Press ($735,000)
    Enhance existing digital homework and student assessment tools.

  • Grid Digital Media ($400,000)
    Commercialize its new digital parking app to capture an underserved need in the market.

  • Zhilian Manufacturing Group ($1,851,305)
    Expand their sales and marketing capabilities and strengthen their internal systems and processes to increase their share of the North American school bus safety market.

  • North Quip Company ($2,100,000)
    Integrate advanced equipment into the cow trough manufacturing facility.

  • 1434882 Alberta Ltd run as evolution wheel ($2,796,192)
    Scale your business to capture new opportunities North America For the non-pneumatic heavy equipment tire market.

  • OmniGlass SCT Company ($532,500)
    Integrating advanced equipment, including a new pultrusion machine and a water-based paint line, into their fiberglass window frame manufacturing facility.

COVID-19 Relief Fund – Investing $2,079,808

as part of Canadian The COVID-19 Economic Response Program, the COVID-19 Relief Fund, assists businesses in relieving financial pressures caused by the pandemic. It supports eligible operating costs for up to 12 consecutive months. Today, three recipients of the Manitoba COVID-19 Relief Fund who received funding through PrairiesCan were announced:

  • Cubresa ($113,731)
    Retain senior positions that provide significant expertise in all aspects of operations, development, project support and sales.

  • Elcho Industries ($966,077)
    Retain diverse and valuable talent, maintain industry knowledge and skills, and protect processes that enhance the competitiveness of advanced manufacturing.

  • brain health company ($1,000,000)
    Digital skills development for rapid restoration of delivery of goods and services and maintenance of employment.

Regional Innovation Ecosystems – Invest or $6,041,197

Through the RIE program, the government Canada Targeted investments in non-profit organizations to support businesses in priority sectors to innovate, grow and compete globally. RIE is open to non-profit organizations that support businesses, innovators and entrepreneurs to promote entrepreneurship, development, productivity, technology commercialization, technology adoption, and export and investment attraction. Four Manitoba RIE recipients receiving funding through PrairiesCan were announced today:

  • ComIT ($858,000)
    Extend digital skills throughout programming Manitoba, Saskatchewan and Albertafocusing on underrepresented groups in the digital sphere.

  • New Media Manitoba ($2,030,000)
    Establish virtual production studios and interactive digital media clusters.

  • Red River College ($756,158)
    Support the improvement and industrialization capabilities of the Advanced Composites Development Center at Red River Institute of Technology.

  • University of Manitoba ($2,397,039)
    accelerate Manitoba Growth as a leader in value-added agriculture and further development of the protein cluster.

Aerospace Regional Recovery Plan – Investments $2,123,233

ARRI helps the Canadian aviation industry emerge from the pandemic and regain its ability to compete on the global stage. The initiative supports small and medium-sized enterprises (SMEs) to operate green and adopt environmentally sustainable practices, increase productivity, enhance commercialization, while further integrating into regional and global supply chains. One Manitoba ARRI recipient funded through PrairiesCan was announced today:

  • University of Manitoba ($2,123,233)
    Establish a controlled, physically separated, and fully equipped facility to enhance unmanned aerial vehicle (UAV) research and skills training capabilities).

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Source: Prairie Economic Development Canada

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