Richard Egli, managing director of Alacrity Canada, is joined by B.C. Finance Minister Carole James, Alacrity Foundation chairman Owen Matthews and federal Minister of Small Business and Tourism Bardish Chagger at an announcement Monday of provincial and federal funding for Alacrity, a Victoria-based non-profit that promotes technological entrepreneurship. Kristyn Anthony/VICTORIA NEWS

Federal, provincial ministers in Victoria to announce clean tech funding

Collaboration will invest $785,000 into start-ups, including Victoria-based Alacrity Canada

The federal government pledged Monday to invest in clean technology, announcing $785,000 for Alacrity Canada, a Victoria non-profit that promotes entrepreneurial efforts in the field of technology.

Bardish Chagger, Canada’s Minister of Small Business and Tourism was joined by B.C. Finance Minister Carole James at the Alacrity Foundation to express support for generating jobs and growth across Western Canada.

“As the economy changes, as innovation transforms traditional sectors and creates new industries that we couldn’t have imagined 20 years ago, there remains an important role for government,” Chagger said. “We must work together to make key investments so that our workers have the skills they need to excel in the modern economy.”

In B.C., the industry is thriving. There are over 270 clean tech companies within the province that account for 25 per cent of the country’s clean tech sector, generating over $2.8 billion in annual revenue.

Many of these companies are market ready but require additional support before moving to the next level of success, Chagger said. With Alacrity, they will develop investment strategies to increase sales and create more middle class jobs across B.C.

Since 2009, the Alacrity Foundation in Victoria and Vancouver has employed more than 200 people through mentorship, bringing together passionate entrepreneurs and investors to build thriving companies.

James announced that the province will provide $75,000 to help launch the program. “B.C.’s clean tech presence isn’t only good for the economy, it’s also an investment in our future,” she said.

“These companies are reducing harmful environmental and health impacts while revolutionizing our mining, our forestry and our agriculture industries,” James added, citing Saltworks, a water technology company and Carmanah, a solar lighting manufacturer.

There is much opportunity for this sector to expand, she said, pointing out the industry is poised to grow by $3 trillion by 2020.

kristyn.anthony@vicnews.com

Just Posted

WATCH: Grand opening of the sxʷeŋxʷəŋ təŋəxʷ James Bay Branch Library

Community members speak to the namesakes of the newest GVPL addition

B.C. Ferries cancels Swartz Bay-Tsawwassen sailings over propulsion problem

11:00 ferry now good to go, but lines anticipated

WATCH: City approves Wharf, Humboldt Street bike lanes

Changing intersections, creating pedestrian plazas and more on the agenda

Meet the 2018 Tour de Rock team

Retired Spectrum principal among team introduced at Spectrum

Teen Victoria brothers receive award for saving family from house fire

Sam and Finn Parker kept cool when their home started to burn and got three people out

Trans Mountain pipeline: How we got here

A look at the Kinder Morgan expansion, decades in the making

VIDEO: Pipeline supporters rally across B.C.

Five simultaneous events organized by month-old Boots and Suits lobby group

VIDEO: B.C. woman praises burn fund after boat explosion in 1978

White Rock woman was 16 years old when she was left with second- and third-degree burns

B.C.’s Ryan Craig, Vegas Golden Knights chase history

Local product behind bench for expansion team’s incredible championship run

CP rail workers give strike notice

Employees could walk out as early as Tuesday at 7 p.m. PT

RCMP investigating after gunshots fired in Courtenay

Comox Valley RCMP officers are investigating after gunshots rang out in Courtenay… Continue reading

WATCH: Grand opening of the sxʷeŋxʷəŋ təŋəxʷ James Bay Branch Library

Community members speak to the namesakes of the newest GVPL addition

Juno winners MonkeyJunk play Saanich’s V Lounge June 2

Two-time Juno-winning Monkey Junk bring their ‘swamp’ R&B sound to Saanich’s V… Continue reading

Vancouver Island wife brings husband back to life with CPR, thanks to 911 dispatcher

‘The dispatcher literally taught me CPR over the phone’

Most Read