Government of Canada to make important announcement during Canada’s launch of International Year of the Salmon

Helping innovative companies in British Columbia grow and compete

More than 300 well-paying jobs will be created through the Western Innovation (WINN) Initiative

November 13, 2018 – Vancouver, British Columbia – Western Economic Diversification Canada

The world economy is rapidly changing. Innovations in artificial intelligence, clean technology, advanced agriculture and manufacturing, among others, are redefining the nature of global competitiveness.

Today, the Honourable Jody Wilson-Raybould, Member of Parliament for Vancouver Granville and Minister of Justice and Attorney General of Canada, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced close to $20 million to help 17 innovative businesses get their products to market faster. The Western Innovation (WINN) Initiative announcement took place in Vancouver at Precision Nanosystems.

Precision Nanosystems received $1 million to develop and commercialize the next generation of instruments to manufacture nanomedicines. Since 2010, Precision Nanosystems has been revolutionizing healthcare treatments through innovation in nanotechnology. Nanomedicine has ushered a new era for medicine by enabling new treatment options for patients. Precision Nanosystem’s new instrument, named the NanoAssemblr is a cost effective and flexible solution that will help bring these innovative nanomedicine treatments to market sooner.

In today’s growing market for technology developers, Western Canada has the potential to help Canadian innovators grow and position the country as a global centre of excellence by leveraging regional strengths. To seize such opportunities for economic growth, the federal government and industry are working hard to help western Canadian entrepreneurs overcome the challenges of bringing game-changing innovation to market.

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2018-11-13 12:04:13

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