From: Western Economic Diversification Canada
Western Economic Diversification Canada announced over $27 million in new investments for 23 projects across the Edmonton Metropolitan Region. Funding for these projects is provided through three programs that foster innovation.
Business Scale-up and Productivity (BSP) funding of $18,249,749 will support 12 small- and medium-sized businesses in Edmonton, DeBolt, and Leduc. By providing interest-free loans for these projects, the Government of Canada is supporting expansion into new markets and innovation related to nanotechnology, cosmetics, electronics, health technology, textiles, and digital technology.
Through the Regional Innovation Ecosystems (RIE) program, the Government of Canada is providing $6,250,730 to eight projects in Edmonton. These investments support a diverse range of innovations in advanced manufacturing, aviation, youth-developed technologies, natural products and foods, life sciences, and artificial intelligence.
The Western Diversification Program (WDP) makes strategic investments in initiatives that enhance and strengthen the economy of Western Canada. Through this program, three projects in Edmonton will receive a combined investment of $2,680,670 to support development of autonomous vehicles, advanced manufacturing, and natural resources youth leadership.
All funded projects indicated below are subject to negotiation of contribution agreements.