The Manitoba government has announced that it is funding 12 local companies through the Innovation Growth Program (IGP) to support product innovation, advancement and business growth.
“Manitoba has many small- and medium-sized businesses doing great things, and I’m pleased our government can provide support to make more innovation happen,” said Economic Development, Investment, Trade and Natural Resources Minister Jamie Moses. “This support has a ripple effect for our economy – business expansion and innovation will provide more good jobs for Manitobans and contribute to growing our economy.”
The IGP provides cost-shared grants of up to $100,000 to eligible Manitoba small- and medium-sized enterprises to assist with the commercialization of innovative products or processes and accelerate growth.
“I am incredibly grateful for the support we’ve received through the Innovation Growth Program and for the opportunities this unlocks for our company,” said Johanna Wood, president and CEO, Spark E Safety. “This funding will enable us to expand our operations, accelerate the development of innovative, well-fitting safety garments and create much-needed jobs in our community. With this boost, we’re one step closer to ensuring that every worker has access to protective gear that truly fits and keeps them safe.”
Collectively, these companies expect to add 426 new full-time jobs to Manitoba and $291.2 million in export sales within five years, contributing to the government’s commitment to grow the economy with good Manitoba jobs for Manitobans, the minister noted.
IGP uses a competitive application process. The current intake for the Innovation Growth Program is open until December 15, 2024. For more information, visit gov.mb.ca.
