Government of Canada invests over $3.7 million to drive innovation and economic growth in Burnaby
Summary
PacifiCan funding will help local companies advance cleantech solutions with a global impactBurnaby is one of British Columbias most dynamic business hubs, known for its thriving tech sector and highly skilled workforce. Innovative local companies and forward-thinking leaders are creating sustainable solutions that are transforming global industries, from mining to transportation. PosiTrace, a supplier of fleet management and GPS tracking solutions, is receiving $1,230,000 in funding through PacifiCans Business Scale-up and Productivity program. PosiTraces innovative reporting software provides businesses with real-time visibility into vehicle location and route analytics, which improves productivity and reduces costs and fuel consumption. Rigid Robotics technology provides real-time data insights and analysis which helps mining companies boost operational efficiency and human safety while reducing emissions.The investments announced today are expected to help create 47 jobs, grow the Burnaby and regional economy and drive a more sustainable future for British Columbians.