Richard Egli, managing director of Alacrity Canada, is joined by B.C. Finance Minister Carole James, Alacrity Foundation chairman Owen Matthews and federal Minister of Small Business and Tourism Bardish Chagger at an announcement Monday of provincial and federal funding for Alacrity, a Victoria-based non-profit that promotes technological entrepreneurship. Kristyn Anthony/VICTORIA NEWS

Federal, provincial ministers in Victoria to announce clean tech funding

Collaboration will invest $785,000 into start-ups, including Victoria-based Alacrity Canada

The federal government pledged Monday to invest in clean technology, announcing $785,000 for Alacrity Canada, a Victoria non-profit that promotes entrepreneurial efforts in the field of technology.

Bardish Chagger, Canada’s Minister of Small Business and Tourism was joined by B.C. Finance Minister Carole James at the Alacrity Foundation to express support for generating jobs and growth across Western Canada.

“As the economy changes, as innovation transforms traditional sectors and creates new industries that we couldn’t have imagined 20 years ago, there remains an important role for government,” Chagger said. “We must work together to make key investments so that our workers have the skills they need to excel in the modern economy.”

In B.C., the industry is thriving. There are over 270 clean tech companies within the province that account for 25 per cent of the country’s clean tech sector, generating over $2.8 billion in annual revenue.

Many of these companies are market ready but require additional support before moving to the next level of success, Chagger said. With Alacrity, they will develop investment strategies to increase sales and create more middle class jobs across B.C.

Since 2009, the Alacrity Foundation in Victoria and Vancouver has employed more than 200 people through mentorship, bringing together passionate entrepreneurs and investors to build thriving companies.

James announced that the province will provide $75,000 to help launch the program. “B.C.’s clean tech presence isn’t only good for the economy, it’s also an investment in our future,” she said.

“These companies are reducing harmful environmental and health impacts while revolutionizing our mining, our forestry and our agriculture industries,” James added, citing Saltworks, a water technology company and Carmanah, a solar lighting manufacturer.

There is much opportunity for this sector to expand, she said, pointing out the industry is poised to grow by $3 trillion by 2020.

kristyn.anthony@vicnews.com

Just Posted

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Four-sailing wait at BC Ferries Swartz Bay terminal

Full vessels create long waits on Friday afternoon

A year in tent city: Timeline of Camp Namegans

Since September 2017, Victoria’s homeless camp has set up in more than 20 locations

Tent city campers prepare to leave Uplands Park

Vehicle access remains restricted at Cattle Point

Singer k.d. lang receives Alberta’s highest honour

Celebrated singer-songwriter k.d. lang received the Alberta Order of Excellence in Edmonton

‘Mom, I’m in trouble:’ Canadian faces 10 years for alleged graffiti

Brittney Schneider, another tourist caught spraying message on walls of Tha Pae Gate in Thailand

Find your future at Black Press career fair in Victoria

More than 70 booths expected at Bay Street Armoury on Oct. 25

POLL: Do you support amalgamation for communities in the Capital Region?

Residents in Victoria and Saanich will be voting on Oct. 20 on… Continue reading

Feds consulting on national anti-racism strategy behind closed doors

Heritage Minister Pablo Rodriguez says people still face systemic racism in some communities

Enbridge aims for mid-November to finish B.C. pipeline repair after blast

A natural gas pipeline that ruptured and burned near Prince George caused an explosion and fireball

How to get government cheques if Canada Post staff go on strike

The Canadian Union of Postal Workers said members could go on rotating strikes as early as Monday

Anti-SOGI school trustee files defamation lawsuit against BCTF president

Barry Neufeld says Glen Hansman’s words caused him “indignity,” “personal harassment,” and “anxiety”

Ocean ‘blob’ returns to B.C.’s North Coast

A 2,000 kilometre patch of warm ocean water could signal a warm winter in Prince Rupert

Most Read