Economic Development Minister Melanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on November 26, 2018. THE CANADIAN PRESS/Justin Tang

Federal government announces $3 million to support B.C. tech companies

The money is part of the $304-million Regional Relief and Recovery Fund for Western businesses

B.C.’s small- and medium-sized technology businesses are getting some financial help from the federal government.

Economic Development Minister Melanie Joly announced almost $3 million to help the sector address the economic impacts of the COVID-19 pandemic.

Up to 2,500 innovation firms will benefit and the funding is expected to support about 1,000 jobs.

The money is part of the $304-million Regional Relief and Recovery Fund for Western businesses that Joly announced in May.

Joly says in a news release that the investment is a vote of confidence in the future of B.C.’s technology sector.

Raghwa Gopal, the president of Innovate BC, says the funding will help B.C. businesses get access to training, mentorship and other services that will help maintain jobs.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

CoronavirusTechnology

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Air quality across the Lower Mainland could worsen slightly

AQ health index could see ‘low risk’ gravitate into ‘moderate risk’ from Vancouver to Hope

Crash on Lougheed Highway east of Mission blocking traffic

Occurred at intersection with Waring Road, crews en route, according to DriveBC

‘Alien invasion’: Strange webbing creeps in overnight in Agassiz,Harrison

Eerie webbing might be the result of a growth in moth population

Video series reassures kids that Santa still coming to town, despite social distancing

Mission’s Junction Shopping Centre created the series to ease children’s fears

Permanent fish-passage solutions considered at Big Bar landslide

151,000 salmon detected this year north of site

105 new COVID-19 cases, 1 death as health officials urge B.C. to remember safety protocols

There are currently 1268 active cases, with 3,337 people under public health monitoring

Orange Shirt Day lessons of past in today’s classrooms

Phyllis Webstad, who attended St. Joseph’s Mission Residential School in British Columbia, is credited for creating the movement

Greens’ Furstenau fires at NDP, Liberals on pandemic recovery, sales tax promise

She also criticized the NDP economic recovery plan, arguing it abandons the tourism industry

U.S. Presidential Debate Takeaways: An acrid tone from the opening minute

Here are key takeaways from the first of three scheduled presidential debates before Election Day on Nov. 3

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Another death as COVID-19 outbreak at Delta Hospital climbs to 18 cases

Total of 12 patients and six staff in one unit have tested positive for COVID-19: Fraser Health

B.C. nurses report rise in depression, anxiety, exhaustion due to pandemic

A new UBC study looks into how the COVID-19 response has impacted frontline nurses

National child-care plan could help Canada rebound from COVID-induced economic crisis: prof

A $2 billion investment this year could help parents during second wave of pandemic

Most Read