The provincial government announced on Tuesday, July 14, 2020, that they will be helping 9 companies with more than $750,000 in funding through the Innovation Growth Program.
The program is designed to help companies develop and commercialize new, innovative products and services.
“The Innovation Growth Program provides support to businesses that are pursuing innovation and new opportunities, building on Manitoba’s many economic strengths,” said Economic Development and Training Minister Ralph Eichler. “Investments in these nine companies will also significantly expand their workforces and help grow Manitoba’s economy over the long term.”
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The nine companies selected in the second round of recipients of the Innovation Growth Program are:
- All-Net Municipal Solutions;
- Aurora Aerial Inc.;
- Callia Flowers;
- Cerebra Health;
- Elmer’s Manufacturing Ltd.;
- Evotrux Inc.;
- Micro Traffic Inc.;
- Prairie Grain Analyzers; and
- Red River Press.
The minister said that these nine companies are forecasting the addition of more than 260 new full-time jobs and close to $90 million in export sales over the next five years. The Innovation Growth Program will be cost-sharing production costs with recipients on a 50/50 basis.
© News4.ca 2020
