Backgrounder: Government of Canada invests $9.4 million to drive innovation and economic growth in Surrey
Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $9.4 million in PacifiCan funding to help three Surrey-based businesses grow locally and compete globally.
The projects announced today are:
Business Scale-Up and Productivity Program
Dr. Ma’s Laboratories
$3,166,000
Funding will enable Dr. Ma’s Laboratories, a natural health product manufacturer, to scale up its operations by installing new automated equipment and hiring more staff. Dr. Ma’s provides natural health brands with the production space and in-house resources required to create their unique vitamins and supplements. From product research to manufacturing capabilities to packaging, Dr. Ma’s provides brands with end-to-end production services. PacifiCan’s investment will allow the company to grow local production and meet global demand for natural health goods.
Nanak Foods Inc.
$5,000,000
Funding will allow Nanak Foods Inc. to increase production of its paneer cheese product by expanding its operations with new equipment. The company is North America’s largest and leading manufacturer of specialty dairy-based, South Asian-inspired foods. Nanak’s paneer cheese product incorporates whole milk from B.C. cows, benefiting local dairy farmers. PacifiCan’s investment will help Nanak scale-up locally, create jobs and accelerate global sales of its signature product.
Jobs and Growth Fund
LED Smart
$1,275,000
Funding will help LED Smart continue to innovate in the design of its horticulture lighting system, Grow3, and increase production to meet growing global demand. This energy-efficient technology replicates sunlight to produce high-quality crops in greenhouses and vertical farms. PacifiCan’s investment will allow LED Smart to enhance its software, adapt Grow3 for mass production and create high quality jobs in British Columbia.