Government of Canada funding will help businesses across the province grow, export and compete
SURREY, BC, March 3, 2025 /CNW/ – Across British Columbia, ambitious entrepreneurs are growing their companies and creating prosperity, in sectors from agriculture to life sciences. PacifiCan is investing in this growth.
Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $18.3 million in PacifiCan funding for seven British Columbian companies to scale up their operations, create more jobs, accelerate growth, and bring made-in-B.C. products to markets around the world.
Among these companies, HealthTech Connex, a life sciences company based in Surrey, is receiving over $3.7 million to expand its operations. The company’s advanced brain imaging medical device, NeuroCatch® Platform, evaluates cognitive function within six minutes and is designed to help healthcare practitioners, researchers, and clinicians provide the best health care to their patients. PacifiCan’s investment will allow HealthTech Connex to commercialize their device across North America, Australia, New Zealand, and Europe.
EggSolutions Vanderpol’s, a family-owned and operated egg processor based in Abbotsford, is receiving $5 million to expand manufacturing. With PacifiCan’s support, this company will purchase new equipment, move to a larger manufacturing facility, and improve wastewater treatment capability to reduce its environmental footprint. This investment will strengthen Western Canadian supply chains, increase food security, and bring more B.C.-made products to Canadian consumers.
The investments announced today are expected to create over 270 jobs, grow the local economy, and bring B.C. innovation to more people and markets locally and globally.
Today Minister Sajjan also announced that the next intake for the Business Scale-up and Productivity (BSP) program will open on March 4, 2025. The portal will remain open for companies to submit expressions of interest until April 30, 2025.
Through the BSP program, PacifiCan makes repayable contributions to high-growth businesses in B.C. that are scaling and bringing innovative goods, services or technologies to market. Potential applicants can learn more about the BSP program on PacifiCan’s website.
Quotes
“British Columbians are known around the world for innovation. Business leaders across the province are transforming industries like agriculture and digital technology. PacifiCan is here to support these businesses. The investments announced today will strengthen B.C. companies’ competitiveness and help to ensure long-term prosperity for all British Columbians.”
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