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: Murdoch defeats Jensen for mayor’s seat

Kevin Murdoch excited about strength of team joining him at the council table

Voters in Saanich and Victoria support creation of citizens’ assembly on amalgamation

Group will continue to keep pressure on Victoria and Saanich councils after amalgamation referendum

EDITORIAL: Voters across Greater Victoria embrace progressive ideas, new course in regional governance

Election results also reveal regional fissure between core and outer communities

Former councillor says new Saanich council blends a range of perspectives

Coun. Dean Murdock, who endorsed the four new elected councillor, says voters choose well

Last chance to vote in 2018 municipal election

Polls close Saturday night at 8 p.m. for mayoral, councillor and school board

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

POLL: Do you support amalgamation for communities in the Capital Region?

Residents in Victoria and Saanich will be voting on Oct. 20 on… Continue reading

Crime Stoppers most wanted for Greater Victoria for Oct. 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

B.C. Youtuber to seal himself ‘in a jar’ to demonstrate impacts of climate change

Kurtis Baute wants to see how long he can last in a 1,000 cubic foot, air-tight greenhouse

One of Taiwan’s fastest trains derails, killing at least 18

The train was carrying more than 360 people

Scheer marks one-year countdown to federal election with campaign-style speech

Conservative Leader insists that it will be Justin Trudeau who ‘makes it personal’

B.C. VIEWS: Residents have had enough of catering to squatters

Media myth of homeless victims offends those who know better

B.C. man sets new Canadian marathon record at Toronto Waterfront Marathon

Cam Levins ran it in two hours nine minutes 25 seconds

B.C. Liberals’ hopes high as Nanaimo by-election approaches

Historically safe NDP seat vacated by long-time MLA Leonard Krog

Most Read