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

LETTER: Revelstoke does not need proposed Hay Rd. development

The development calls for 60 housing units

Which streets in Revelstoke have the most crashes?

The data was recently released by ICBC

LETTER: Kiss the caribou goodbye

Kiss the caribou goodbye Revelstoke! The $1.1 million funding from the B.C.… Continue reading

EDITORIAL: Improving highway safety

Highway 97 has seen plenty of collisions and accidents over the years

Sternwheelers once plied Okanagan Lake

Vessels once transported passengers and goods along the Okanagan Valley

B.C. records 146 new COVID-19 cases through long weekend

More that 28 people tested positive for the virus each day since Friday

COVID-19 vaccine efforts provide hope but no silver bullet to stop pandemic: Tam

There are more than two dozen vaccines for COVID-19 in clinical trials around the world

Passengers escape unharmed from destructive houseboat fire in Shuswap

Cause of blaze on Mara Lake under investigation, flames erupt at 2 a.m. Aug. 4

Alberta vehicles allegedly damaged in Summerland

Lug nuts loosened, windows smashed in several instances in Okanagan community

Interior Health reports nine new cases of COVID-19, 149 linked to Kelowna

Nine new cases were reported in the Interior Health region over the long weekend’s four reporting periods

Former Kelowna resident makes fundraising goal for cancer fertility treatments

Rebecca Hamilton recieved a boost in a battle against cancer - $25,000 for post chemo treatments

Study shines light on what makes LGBTQ+ youth feel safe in a community

The study goes beyond looking at school or family supports

Alberta to require masks at schools this fall, but still no mandate in B.C.

B.C. students are also set to return to classrooms in September

UPDATE: Water bombers attack wildfire north of Sicamous above Shuswap Lake

Wildfire BC reports fire is still classified out of control, 25 personnel on ground

Most Read