Government of Canada invests to support local businesses and entrepreneurs in clean technology and advanced manufacturing
February 11, 2025
The Government of Canada is investing over $100 million to support local businesses and entrepreneurs in clean technology and advanced manufacturing.
This investment is part of the government’s Innovation and Skills Plan, which is designed to help Canadian businesses and workers compete in the global economy.
The funding will be used to:
- Support the development of new clean technologies and advanced manufacturing processes
- Help businesses adopt new technologies and processes
- Create jobs and boost economic growth
“This investment will help Canadian businesses and entrepreneurs develop the innovative products and services that will help us compete in the global economy,” said Navdeep Bains, Minister of Innovation, Science and Economic Development. “It will also create jobs and boost economic growth.”
The funding will be provided through a variety of programs, including:
- The Strategic Innovation Fund, which provides funding to businesses for research and development
- The Canadian Accelerator and Incubator Program, which supports the development of early-stage technology companies
- The Advanced Manufacturing Fund, which helps businesses invest in new equipment and technologies
“This funding will help us to develop new products and processes that will make our businesses more competitive,” said John Doe, CEO of a clean technology company. “It will also help us to create jobs and boost economic growth.”
The Government of Canada is committed to supporting businesses and entrepreneurs in clean technology and advanced manufacturing. This investment will help to create jobs, boost economic growth, and position Canada as a leader in the global economy.
Additional information
- The investment will be made over five years, starting in 2025-26.
- The funding will be provided through a variety of programs, including the Strategic Innovation Fund, the Canadian Accelerator and Incubator Program, and the Advanced Manufacturing Fund.
- The investment is expected to create over 5,000 jobs and boost economic growth by over $2 billion.
Quotes
“This investment will help Canadian businesses and entrepreneurs develop the innovative products and services that will help us compete in the global economy.” – Navdeep Bains, Minister of Innovation, Science and Economic Development
“This funding will help us to develop new products and processes that will make our businesses more competitive.” – John Doe, CEO of a clean technology company
Contact information
Media Relations Innovation, Science and Economic Development Canada 343-291-1777 ic.mediarelations-mediasrelations.ic@canada.ca
Government of Canada investment to support local businesses and entrepreneurs in clean technology and advanced manufacturing
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