Deep Tech Canada

Over $1 Million in Funding from PrairiesCan

Tuesday, January 23, 2024

DEEP TECH CANADA RECEIVES OVER $ 1 MILLION INVESTMENT FROM PRAIRIES ECONOMIC DEVELOPMENT CANADA (PRAIRIESCAN) TO BOOST REGIONAL INNOVATION ECOSYSTEM.

Edmonton, Alberta – Deep Tech Canada, a non-profit organization supporting Canadian innovation in deep tech, is proud to announce a significant federal investment of more than $1 million over three years from Prairies Economic Development Canada (PrairiesCan). Federal funding, awarded through the Regional Innovation Ecosystems (RIE) Program, will support Deep Tech Canada’s mission to position Canada as a global leader in addressing today’s most pressing challenges and support a collaborative approach to developing and commercializing cutting-edge innovation.  

Deep tech refers to high level technological advancements rather than gradual or end-user enhancements. It is based on entirely new concepts and deployed to solve real-world problems in unique ways. Deep tech often incorporates artificial intelligence, quantum computing or machine learning to introduce revolutionary solutions that can be deployed in a variety of industries and results in totally new ways of operating.

Funding announced today will enable Deep Tech Canada to deliver training and development programs as well as national and regional events and more. Activities will connect stakeholders operating in the deep tech space and help small- and medium-sized deep tech businesses across the Prairies access new markets. Over the next three years, enhanced collaboration facilitated by Deep Tech Canada will accelerate the commercialization of deep tech solutions that can solve today’s biggest challenges and support Canadian competitiveness in the global marketplace.

Deep Tech Canada’s President, Marie D’Iorio, expressed her enthusiasm for this federal funding, stating that “The PrairiesCan investment will position Canada and the Prairies as global leaders in using deep tech solutions to fuel innovation and competitiveness across all emerging and key industrial sectors”.

“The deep technology sector is an emerging and significant opportunity for sustainable economic growth on the Prairies—encompassing fields such as artificial intelligence, quantum computing and nanotechnology which are poised to drive innovation and economic activity for years to come,” said the Honourable Dan Vandal, Minister for PrairiesCan. “This investment will bolster the ability of Alberta’s small- and medium-sized technology firms to bring new deep technology applications to global market in areas ranging from healthcare and clean technology to smart agriculture and digital security.”

“Deep Tech Canada has a bold vision of positioning Canada as a global leader in tackling the world’s big challenges through collaboration,” said the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages. “Our government is partnering on this initiative to help create a new generation of skilled workers, driving the growth of our deep-tech sector and helping bring Alberta expertise to the country and to the world.”

Deep Tech Canada looks forward to working closely with PrairiesCan, our members and partners, and other key stakeholders in the region to ensure the success of these initiatives. The organization believes that this funding will not only benefit industry on the Prairies but also contribute to the overall growth and competitiveness of Canada in the global technology landscape.

About Deep Tech Canada
Deep Tech Canada is a non-profit organization committed to fostering innovation and addressing today’s biggest challenges. The deep tech approach accelerates the scale-up and commercialization of disruptive technologies, spurring economic growth in Canada. Deep Tech Canada provides opportunities for Canadian innovators to bring their ideas to market quickly, resulting in the creation of new jobs as businesses expand to meet demand and tap into global markets. Deep Tech Canada is driving positive change and facilitating crucial discussions, which have the potential to reshape the innovation landscape in Canada. Learn more here.

About PrairiesCan
PrairiesCan is the federal department that supports economic growth in Alberta, Saskatchewan, and Manitoba. Its programs and services help businesses, not-for-profits and communities grow stronger. Its mandate is to support economic growth and diversification in the Prairie provinces and advance the interests of the region in national economic policy, programs and projects. Learn more here.

Media Contact 
Clayton Kropp, Marketing Director, Deep Tech Canada
marketing@deeptechcanada.ca
+1 778-960-5033

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