The federal government is investing over $772, 000 dollars in Venn Innovation to help small and medium sized businesses continue to grow.
The money will be used to help the Moncton-based company in supporting the information technology (IT) sector in New Brunswick with activities to increase their international business development capability; as well as providing companies from across Atlantic Canada with a competitive intelligence and awareness training.
Moncton-Riverivew-Dieppe MP Ginette Petitpas-Taylor was on hand this morning to make the announcement, on behalf Navdeep Bain, who is the Minister for Innovation, Science and Economic Development, and the Atlantic Canada Opportunities Agency.
#Moncton #Riverview #Dieppe MP Ginette Petitpas Taylor, funding announcement for #Venn Innovations #Moncton pic.twitter.com/GyXCxFqfJP
— 91.9The Bend News (@919TheBendNews) June 27, 2017
She was joined by Parliamentary Secretary for Small Business and Tourism Gudie Hutchings.
Parliamentary Secretary for Small Business and Tourism, Gudie Hutchings #venn pic.twitter.com/94wZhF54n0
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The funding supports two initiatives, the first for the development of IT companies in New Brunswick, with various initiatives including coaching and training programs, that will allow businesses the capacity to enter into international markets.
The second project is a competitive intelligence training and awareness program that will enable Atlantic Canadian businesses to understand their industry , markets, customers and competitors and turn that information into actionable strategies to grow their operations.
Pablo Asiron is with Masitek Instruments. They have been using the resources of the Moncton based company for the past five years. He says, “If it wasn’t for the programs, we may not have been able to afford or be able to think it would be worth it to have those in market resources. They also offer some help with business development, where they were able to help us to finance a resourcing market. We have a salesperson in Germany, and that has helped us do the in market support for the clients we have there.”
#Venn Innovations #Moncton pic.twitter.com/qMqgwvnsVa
— 91.9The Bend News (@919TheBendNews) June 27, 2017
Moncton Mayor Dawn Arnold says this is fantastic news for a Moncton based business, “We need to have support for those small businesses so that they can scale and have the proper information and accessibility so they can succeed in this global market.”
