invests in industry-leading innovation in Victoria
Summary
The Honourable Harjit S.Sajjan announces funding of over $3.25 million to three companies in the food processing and digital technology sectorsBritish Columbias small and medium-sized enterprises (SMEs) are critical to their communities they create jobs, drive economic growth, and develop products and services that help solve local and global challenges.Today, the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced over $3.25 million in funding through the Business Scale Up and Productivity (BSP) program for three innovative companies looking to accelerate their growth and reach new markets.Minister Sajjan made the announcement with DeeBees Organics, Inc. (DeeBees), where BSP funding of over $1.4 million will help power the women-owned companys high-growth trajectory. DeeBees produces all-natural shelf stable organic freezer pops called SuperFruit Freezies that are sold in over 15,000 retailers across North America. The company expects to increase their workforce by 25% and generate millions of dollars in additional sales.Peloton Technologies, Inc. (Peloton) will also receive $500,000 in BSP funding. Peloton offers a cloud-based payment platform that allows their customers to consolidate all banking andpayment activity into a single portal. With BSP funding, the company will expand its client baseby marketing innovative branded solutions to partners looking to switch merchants from paper-based transaction methods to streamlined digital payments.