More than $6.7 million through PrairiesCan will bolster the capacity of local firms to scale-up and bring innovative solutions to market
The Edmonton region is a thriving source of economic diversification in Alberta and home to some of Canada's most innovative, high-growth companies responsible for strengthening our national economy. The Government of Canada is supporting leading-edge small- and medium-sized businesses in Edmonton to continue growing and creating quality jobs that Canadians can count on.
Today, the Honourable Terry Duguid, Minister for PrairiesCan, announced a federal investment of over $6.7 million for Edmonton companies to grow by helping them become more productive and competitive, and access new markets for their products and services. Each of these companies is a leader in developing innovative applications in sectors ranging from sustainable building technologies and digital health solutions to advanced manufacturing and renewable energy.
Local companies receiving support include:
- Levven Electronics is receiving up to $1,257,000 to enhance manufacturing capacity, build out a national marketing and sales team, and expand the product line for its patented in-home building technology which makes homes more affordable and sustainable by reducing costs and materials.
- CARE Group is receiving up to $1,500,000 to scale its digital mental health platform to over 50 rural and Indigenous communities across Canada with a goal of enhancing access to high-quality mental health care for underserved populations.
- Demir Engineering Ltd. is receiving up to $2,500,000 to expand in-house production of innovative bi-metallic and metal matrix industrial products, scale up its advanced manufacturing business, increase its workforce, and expand into new domestic and international markets.
- Grengine is receiving up to $1,500,000 to scale production of its cutting-edge battery energy storage technology while expanding manufacturing, reducing costs, and accelerating deployment of its plug-and-play battery packs for critical infrastructure and remote operations.
Today's investments are expected to help contribute to approximately 100 jobs and enhance the ability of local companies to access the talent, technology and resources they need to bring Alberta-made innovations to new domestic and global markets.
In line with the priorities of the Government of Canada's Framework to Build a Green Prairie Economy, these investments are about collaborating more closely on local priorities and building on local strengths to seize opportunities for a prosperous and sustainable Prairie economy.
