The B.C. government has earmarked more than $1.5 million to support tech development among seven Vancouver Island companies.

The funding is coming from Innovate BC’s “Integrated Marketplace Platform” fund, which is designed to support small and medium-sized businesses with showcasing their technology innovations and preparing them for the commercial market.

One of the largest slices of funding is going to MarineLabs in Victoria, which received $310,000 to showcase its AI-powered fog-detection and forecasting system.

The full list of recipients can be found here, while all Vancouver Island recipients can be found below. Each company got a maximum of $500,000 in funding.

• Mostar Labs in Victoria: $435,000
• PrimeHealth (formerly ElderPrime Solutions) in Courtenay: $350,000
• MarineLabs in Victoria: $310,000 (VIATEC Member!)
• Canadian Electric Vehicles in Parksville: $125,000.
• Reach Technologies in Victoria: $115,000
• VoxCell BioInnovation in Victoria: $110,000 (VIATEC Member!)
• iTotem Technology Solutions in Victoria: $90,000 

More about the province’s Integrated Marketplace: Early-Stage Demonstration Call can be found here.

[Read the full article here]
Author: Adam Chan, Chek News