Manitoba to invest $30 million over next five years
By CO Staff @canadaone | June 2, 2011
Manitoba will be investing $30 million into its economy as part of its five-year economic strategy.
The Commercialization Support for Business Program, announced today by Premier Greg Selinger, has been established to promote entrepreneurism, commercialization and business development in the province.
Selinger believes that the program will strengthen the economy by creating more jobs and helping people develop and commercialize new products and services.
"It will provide more opportunities for entrepreneurs to develop new ideas, start new businesses, and get new products and services to market, while at the same time assisting companies in expanding into new markets at home and around the world," said Selinger.
The program will also streamline the application and approval process for entrepreneurial and business development initiatives, making applying and getting a response quicker.
According to Selinger, the program aims to
- Grow the economy through new business development;
- Expand firms and attract foreign investment;
- Strengthen the research and development capacity of the private sector; and
- Enhance innovation by encouraging partnerships between private sector, universities and research institutions.
The program builds on advice and feedback from the Premier's Economic Advisory Council, the Manitoba Innovation Council, and entrepreneurs and business leaders across the province, who recommended broader support for a wide range of commercialization activities.
To find out more, visit the Government of Manitoba website.
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