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Government of Canada Invests in Advanced Technology Sector in Newfoundland and Labrador

Posted Wednesday, March 16, 2016

Support announced today for the Newfoundland and Labrador Association of Technology Industries

March 16, 2016 - St. John's, NL - Atlantic Canada Opportunities Agency (ACOA)

The Newfoundland and Labrador Association of Technology Industries (NATI) will deliver expanded programming to strengthen the innovation and commercialization capacity of small- and medium-sized technology businesses in the province.  During an event in St. John's today, Seamus O'Regan, Member of Parliament for St. John's South-Mount Pearl, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced $513,525 in funding for two projects that support NATI's work in this area.

Through the first project, NATI will receive more than $332,000 to develop and implement the Commercialization Officer Internship and Directed Research Program.  This initiative will provide small- and medium-sized enterprises with managerial and business planning skills to bring their technologies to the commercial stage. The program is designed to offer work opportunities to Newfoundland and Labrador University and college graduates and to provide local businesses with quality commercialization advisory services.

NATI is also receiving just over $181,000 through a second project to deliver and implement key innovation programming throughout 2016.  The initiatives will bring together individuals and businesses from local communities to learn, share and demonstrate innovation in Newfoundland and Labrador.  As the industry association representing the province's technology industry, NATI helps identify, engage and develop export market opportunities; provides program support for the development and growth of local companies, and bridges technology players through networking and communications.  

Quotes:

"The Government of Canada is proud to support the Newfoundland and Labrador Association of Technology Industries as we are committed to helping businesses grow, innovate, and export so they can create good quality jobs and wealth for Canadians. Through ACOA, the Government continues to make strategic investments in businesses and sectors that promote and drive entrepreneurship, innovation and commercialization." 

-    Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

"Our Government is committed to making real change happen - by doing different things, and doing things differently. The investments announced today will enable the NATI to continue with their important work with local businesses in the technology industry that deliver significant economic benefits for our province." 

-     Seamus O'Regan,Member of Parliament, St. John's South-Mount Pearl 

"At NATI, we are focused on positive business results and prosperity in the technology sector in Newfoundland and Labrador. Thanks to these investments from ACOA, we can continue to deliver key programs that impact positively on the technology industry in our province."

-     Chris Dillon, Chair, Newfoundland and Labrador Association of Technology Industries

 

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Contacts:

Julie Afonso
Acting Director, Public Affairs
ACOA NL
709-772-2984
Julie.Afonso@canada.ca 

Dyanna McCarthy
Marketing and Business Development
The Newfoundland and Labrador Association of Technology Industries
709-757-3251
dyanna@nati.net