MB tabs $640K via Innovation Growth Program
Nine companies have received funding through the Innovation Growth Program, Economic Development Minister Jamie Moses said in a news release Monday.
Through the program, small- and medium-sized companies receive cost-shared grants up to $100,000. Businesses in this round of funding expect to collectively add more than 100 new full-time jobs and $36.1 million in export sales over the next five years.
CEMWorks Inc. netted a $100,000 grant toward commercialization of an electromagnetic simulation software tool, and iSBERGDATA received the same amount for commercialization of an electronic health-care record and health information management system.
Moonlite Media Inc. will use $75,000 to commercialize Moonlite Labs, its animation creation platform; and True Ag Developments Inc. has tabbed its $50,000 to support promotion and market-outreach efforts for its proprietary financial technology platform, ProHog Financial.
Phason Controls, Polywest Ltd., Precision ADM, Thunderstruck Ag Equipment and TooPink Creative also received grants.
The deadline for the next Innovation Growth Program's current intake is June 30.
— Free Press staff
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