Minister Vandal declares federal funding to create jobs and develop companies in Calgary

Federal funding of over $25.5 million by PrairiesCan will advance new applied sciences, assist develop companies, and create and help over 800 jobs

CALGARY, AB, Jan. 18, 2023 /CNW/ – In and round Calgary, modern corporations are making main contributions to key sectors of Canada’s economic system—together with well being, digital expertise, clear power, and manufacturing. The Authorities of Canada is investing in these companies to additional strengthen the Alberta economic system, deliver Canadian-made innovation to international markets, and create high-quality jobs Canadian staff can depend upon.

At present, the Honourable Dan Vandal, Minister for PrairiesCan, introduced a federal funding of greater than $25.5 million by the Jobs and Progress Fund for 15 Calgary and space companies to scale-up and create new alternatives for job seekers.

Examples of tasks receiving help embody:

• headversity is receiving over $6 million to broaden its digital psychological well being expertise platform to help the caregivers of youth dealing with psychological well being challenges.
• Kathairos is receiving greater than $3.9 million to develop its emission discount enterprise which helps to remove greenhouse gasoline emissions from oil and gasoline nicely websites.
• PurposeMed is receiving over $3.5 million to scale-up operations and prolong supply of advanced telehealth options to at-risk and underserved communities in Canada.
• Harvest Builders is receiving $3 million to construct a web-based expertise platform to develop the tech sector throughout the Prairies.

In whole, the initiatives are anticipated to assist help greater than 815 jobs, and help small- and medium-sized companies to entry the expertise, expertise, and sources they should deliver Alberta-made improvements to new home and international markets.

Quotes

“Albertans are innovators and at all times trying ahead at new alternatives to develop and succeed. Our authorities is making investments right here in Alberta to make sure modern corporations scale-up and supply high-quality jobs Alberta staff can depend upon. At present’s funding will assist additional place Calgary as a pacesetter in innovation whereas additional strengthening the competiveness of Alberta companies.”
–The Honourable Dan Vandal, Minister for PrairiesCan

“Calgary is residence to a few of Alberta and Canada’s most modern corporations and high expertise. At present’s funding in 15 Calgary and space companies will immediately help a few of our main job creators to create new alternatives in Alberta and proceed to construct a resilient economic system throughout the Prairies.
–George Chahal, Member of Parliament for Calgary Skyview

“Calgary is the place modern corporations thrive due to our main enterprise atmosphere that invests in scaling homegrown options into international enterprises. The help by PrairiesCan of excessive potential Calgary corporations exhibits we’re a metropolis with vibrant minds, large concepts and the backing to broaden to new markets and create high quality jobs throughout numerous sectors.”
–Brad Parry, President and CEO, Calgary Financial Improvement

“We have seen first-hand the kind of tech expertise that is creating proper right here in Alberta. We’re extremely grateful for this funding and to have the ability to create extra alternatives for the rising expertise on this province to hitch us in psychological well being and resilience upskilling.”
–Dr. Ryan Todd, CEO of headversity

“That is an thrilling second in Alberta’s clear applied sciences sector, with the oil and gasoline trade quickly shifting to cut back its methane emissions. This funding from PrairiesCan will permit Kathairos to scale up jobs and business deployment to fulfill trade demand, and – most critically – remove tens of 1000’s of tonnes of methane within the course of.”
–Dick Brown, President, CEO, Kathairos Options

“In two and a half years, PurposeMed has helped practically 30,000 Canadians from underserved communities entry advanced healthcare whereas scaling our crew to over 200 individuals. PrairiesCan funding ensures we are able to continue to grow to serve new sufferers and take pressure off the Canadian healthcare system.”
–Dr. Husein Moloo, Co-Founder and CEO, PurposeMed

“With this help from PrairiesCan, Harvest Builders is additional strengthening our position in addressing the essential expertise gaps which are hindering the expansion of the Prairie tech sector. Our challenge will deal with closing the expertise and talent gaps startups and scaling expertise ventures are confronted with, and place Alberta and Western Canada globally as a aggressive and resilient marketplace for innovation.”
–Graeme Harrison, President, Harvest Builders

Fast details

• Federal funding is being supplied by the Jobs and Progress Fund, administered by PrairiesCan.
• The Jobs and Progress Fund helps job creators and the organizations that help them future-proof their companies, construct resiliency, and put together for development. Funding is interest-free and repayable.
• The 2022 Fall Financial Assertion builds on the federal government’s earlier investments in jobs, expertise and development by offering $250 million over 5 years, beginning 2023-24, to assist Canadians staff thrive in a altering international economic system.

Backgrounder

By way of PrairiesCan, the Authorities of Canada is investing greater than $25.5 million to assist 15 modern Alberta companies scale-up and create prime quality jobs within the Calgary space. This funding, by the Jobs and Progress Fund (JGF), will guarantee Calgary space companies can entry the sources they should improve operations and develop in home and worldwide markets.

The JGF offers funding to companies and organizations to construct resiliency, improve competitiveness, create jobs, and place native economies for long-term development. Companies receiving funding as a part of right this moment’s announcement function in various essential sectors of Alberta’s economic system—together with well being, digital expertise, clear power, and manufacturing industries:

• headversity ($6,004,544)
  Develop market adoption of its digital psychological well being expertise platform to help the caregivers of youth dealing with psychological well being challenges.
• Kathairos ($3,930,635)
  Develop the marketplace for nitrogen-based methane elimination expertise which helps to remove greenhouse gasoline emissions from oil and gasoline nicely websites.
• PurposeMed ($3,540,997)
  Scale-up operations and prolong the supply of advanced telehealth options to in danger and underserved communities in Canada.
• Harvest Builders ($3,000,000)
  Construct a web-based expertise platform to develop a pool of certified tech expertise and assist fill in-demand jobs within the tech sector throughout the Prairie provinces.
• Excir ($2,500,000)
  Design and function an illustration pilot of its recycling plant that sustainably converts catalytic converter and digital waste into valuable metals.
• Kent Imaging ($1,859,500)
  Develop and improve its non invasive medical diagnostics gadget line and enhance gross sales help to spur development in international markets.
• 2301114 Alberta Ltd – working as Watts ($1,420,083)
  Develop operations and distribution capability to higher serve new markets in Canada and the USA with its superior lighting options.
• Lumiio ($1,372,908)
  Improve digital merchandise and develop superior wearable integrations to higher seize real-world well being information that aids in medical diagnostics, illness characterization, and improved affected person outcomes.
• Medlior Well being Outcomes Analysis ($584,500)
  Scale-up operations of well being economics and outcomes analysis providers to higher serve North American and European markets.
• Black Owl Methods ($460,500)
  Full the event of its specialised accounting software program and scale-up advertising and marketing and gross sales efforts all through North America.
• ICwhatUC – working as IrisCX ($270,000)
  Improve its software program with synthetic intelligence capabilities to higher join enterprise consultants and shoppers just about, enabling companies to supply correct gross sales and after-sales recommendation with out the necessity for an in-person web site go to.
• 2311520 Alberta Ltd – working as The Co+Kitchen ($223,500)
  Develop a shared-use business kitchen in Canmore to supply entrepreneurs and small companies an reasonably priced and accessible area to prepare dinner, retailer, and promote regionally produced meals.
• Krux Analytics ($167,250)
  Design and produce tools that optimizes drilling efficiency by aggregating and integrating information to allow real-time evaluation.
• The Alberta Meals Processors Affiliation ($131,250)
  Create a digital portal that allows agri-food corporations to search out and join with current Alberta meals and beverage co-packers or contract producers to effectively produce and bundle their merchandise.
• Ammolite Expertise ($123,468)

Scale-up operations and combine an enterprise useful resource planning and e-commerce system to higher serve purchasers and enhance income alternatives.

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SOURCE Prairies Financial Improvement Canada

For additional data: Kyle Allen, Press Secretary and Communications Advisor, Workplace of the Minister of Northern Affairs, Minister for PrairiesCan, and Minister liable for the Canadian Northern Financial Improvement Company, [email protected]; Rohit Sandhu, Communications Supervisor, PrairiesCan, [email protected]; Toll-Free Quantity: 1-888-338-9378, TTY (telecommunications gadget for the listening to impaired): 1-877-303-3388