"WINN demonstrates our Government's commitment to ensuring that Canadian businesses continue to grow and generate high-value jobs across the West," said Minister Rempel. "This initiative will help address a need identified by western Canadian businesses to help bring leading-edge innovations to domestic and global markets."
Under WINN, small- and medium-sized enterprises (SMEs) can apply for funding for a variety of tasks that are essential in taking a product from the R&D stage to the market, such as product testing and technology demonstrations, equipment purchases and installation, regulatory approval, marketing, and intellectual property protection.
Over the next five years, WINN will provide up to
"Getting a new idea into the marketplace can be a difficult prospect for a small business," explained
"By responding to the needs of our entrepreneurs and innovators with this targeted initiative, we are positioning them for long-term success and enabling them to emerge as leaders in a competitive global economy," added Minister Rempel.
The WINN Initiative through
The Initiative is expected to help stimulate greater private sector investment, while also making it easier for innovative SMEs to secure funding.
Western Economic Diversification Canada, in partnership with the provinces, businesses, industry associations, and communities, promotes the development and diversification of the western economy, coordinates federal economic activities in the West and advances the interests of western Canadians in national decision-making.
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The West Means Business.
IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.
TTY (Telecommunications device for the hearing impaired)
This news release is available online at: www.actionplan.gc.ca.
The Government of
Under this Initiative, small- and medium-sized enterprises (SMEs) that have new market-ready, technology-driven products and services may be eligible to apply for up to
-- Introduction of a new product, process or service to new or existing
-- Improvement of products, processes or services;
-- Technology development/acceleration;
-- Product certifications, including Controlled Goods Registration;
-- Pilot projects (first user) and technology demonstration projects;
-- Validation of market potential and end-user acceptance; and
-- Support for marketing, productivity, and process or quality improvement
directly related to the commercialization of new opportunities.
The application intake period will begin on
In addition, SMEs wishing to participate in information sessions should contact the nearest WD Office or call 1-888-338-WEST (9378).
The West Means Business.
FOR FURTHER INFORMATION PLEASE CONTACT:
Emily Goucher Office of the MinisterWestern Economic Diversification 613-954-8097 Emily.Goucher@wd-deo.gc.ca Western Innovation (WINN) Initiative inquiries WD Toll-Free Number: 1 888 338-WEST (9378) Teletypewriter (TTY): 1 877 303-3388 Website: WD is online at www.wd-deo.gc.ca Source: Western Economic Diversification Canada