Seven Manitoba tech companies receive $7.4 million in loans from federal government
Summary
Seven organizations based in the province of Manitoba have received a collective $7.4 million in loans from the federal government. The organizations receiving funding including 151 Research, Economic Development Winnipeg, The Information and Communication Technologies Association of Manitoba, New Media Manitoba, Pricerazzi, Tangent Holdings, and Trainfo Corp. “The funding announced today will make sure we have the talent in Manitoba to drive digital innovation forward,” said Terry Duguid, parliamentary secretary to the minister of Status of Women and Gender Equality and member of parliament for Winnipeg South. “These investments will help western Canadian businesses create high-quality jobs and compete in the knowledge economy, led by creative, boundary-pushing ideas and people.” Economic Development Winnipeg received $689,814 to develop and deliver a talent attraction and retention program for high-growth companies experiencing skill shortages, including in the digital technology sector. 151 Research received a $310,000 loan to commercialize grain quality monitoring technology that will allow producers to reduce the risks of spoilage. Trainfo Corp. received $180,000 in repayable funding to help reduce traffic congestion at railway crossings using digital technology.
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