Harjit Sajjan, the minister responsible for the Pacific Economic Development Agency of Canada, announced eight companies will receive a total of just over $16 million from a federal scale-up and productivity fund.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The money will go toward projects including expanding sales of an orthopedic power drill system to North American trauma centres and growing a virtual reality medical training platform for adoption in global markets. Almost $4.7 million will be going to Circle Innovation, a jobs and growth fund, while $5 million will allow CoPilot AI to expand its sales software platform within the United States.
A statement from Sajjan’s office says the nearly $26 million in total funding will create 500 jobs, more than $500 million in revenue growth, and over $400 million in new global sales for B.C. companies.
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