Canada supports Electric Vehicle and clean technology that will lead to economic growth and job creation
FedDev Ontario invests over $4 million for BluWave-ai Inc. and Tehama Inc. to create over 85 jobs, scale innovative cloud-based platforms and help Canadian businesses adapt to a digital and energy-efficient future
November 17, 2022 – Kanata, Ontario
Investing in businesses leads to good paying jobs and a growing economy while driving community development. The Government of Canada recognizes the vital importance of small- and medium-sized businesses, which is why we continue to make strategic investments to ensure their long-term economic and job growth.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of $4.4 million to support two Ottawa-based tech companies: BluWave-ai Inc. and Tehama Inc. This combined investment will create over 85 jobs, as well as leverage $12.6 million in private sector support to the region. Investments like these provide opportunities for Canadians to reach their full potential and drive community development.
Just a month ago, Prime Minister Trudeau and Premier Doug Ford announced a massive expansion of Nokia’s Kanata campus. This shows continued growth for the Ottawa tech region and investments like these ensure that good Canadian companies can scale up and their success will attract new talent.
BluWave-ai Inc. is a Kanata-based clean technology company that uses AI to help utility companies add renewable energy sources to its electricity grid. This $1.7-million repayable contribution will help BluWave-ai build and commercialize software products to manage Electric Vehicle (EV) fleet operations while reducing energy consumption and carbon-emitting vehicles.
Tehama Inc. is an Ottawa-based software company that offers accessible, easy and secure cloud-based remote workplace Desktop-as-a-Service (DaaS) solutions for SMEs and large enterprises, anywhere in the world. This $2.7-million repayable contribution will help the company integrate new technologies into its cybersecure platform to support global expansion efforts of its Carrier for Work™ solution.
By investing in these transformative technologies, the Government of Canada is supporting workers and businesses as we move towards smarter and more reliable technologies for Canadians.
/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.
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