Regional Economic Growth through Innovation
Pacific Economic Development Canada
Program purpose (as reported by the department)
Provide streamlined, nationally consistent and yet regionally tailored support for business productivity and scale-up, particularly for small and medium-sized enterprises (SMEs) and women entrepreneurs and other underrepresented groups, and assist the enhancement of regional industrial and technology clusters and regional innovation ecosystems.
What the numbers say
- Half of the agreements with businesses are worth $530,025 or less.
- The largest recipient, Loop Energy Inc., holds $18,605,371 (5% of the program's business funding in this data).
- The most recent agreement in the data started on 2026-06-29.
By fiscal year
By recipient province
Largest recipients
| Recipient | Agreements | Value | Latest start |
|---|---|---|---|
| Loop Energy Inc. | 2 | $18,605,371 | 2022-03-30 |
| Avcorp Industries Inc. | 4 | $15,206,391 | 2022-07-15 |
| RHEI Creations Corp., RHEI Holdings Inc. | 3 | $13,202,444 | 2022-03-31 |
| Punjab Milk Foods Inc. | 2 | $10,500,000 | 2026-03-09 |
| HTEC Hydrogen Technology & Energy Corporation | 2 | $10,000,000 | 2022-03-30 |
| RecycleSmart Solutions Inc. | 2 | $9,925,000 | 2022-03-24 |
| Kitselas Geothermal Inc. | 4 | $9,796,694 | 2023-03-30 |
| Open Mind Developments Corporation | 2 | $8,616,500 | 2022-02-11 |
| Ideon Technologies Inc. | 2 | $7,700,000 | 2024-03-20 |
| Aspect Biosystems Ltd. | 2 | $7,163,299 | 2022-01-11 |
| Poseidon Ocean Systems Ltd. | 2 | $6,570,408 | 2024-01-09 |
| adMare BioInnovations | 1 | $6,000,000 | 2025-01-17 |
| Saltworks Technologies Inc. | 2 | $5,800,000 | 2026-02-11 |
| FintelConnect Technologies Inc. | 1 | $5,774,808 | 2024-02-05 |
| ARTMS Inc. | 2 | $5,741,183 | 2023-07-20 |
Recent agreements
| Start | Recipient | Project | Province | Value |
|---|---|---|---|---|
| 2026-06-29 | Daizen Joinery Ltd. | PC0012667 | BC | $449,700 |
| 2026-06-18 | Island TimberFrame Ltd. | PC0012577 | BC | $961,089 |
| 2026-03-27 | The Fraserview Cedar Part, GP organized under laws BC pursuant to Part Agree | PC0012538 | BC | $675,000 |
| 2026-03-23 | Dream Photonics Inc. | PC0011803 | BC | $1,168,908 |
| 2026-03-20 | ThisFish Inc. | PC0011239 | BC | $665,000 |
| 2026-03-20 | Bio-Conscious Technologies Inc. | PC0012694 | BC | $1,500,000 |
| 2026-03-20 | VRIFY Technology Inc. | PC0011856 | BC | $2,870,000 |
| 2026-03-19 | Santevia Water System Inc. | PC0011143 | BC | $1,892,500 |
| 2026-03-19 | StarFish Product Engineering Inc. | PC0011852 | BC | $620,000 |
| 2026-03-18 | Kamloops Precision Machining Ltd. | PC0012447 | BC | $1,000,000 |
| 2026-03-18 | Hyperspectral Intelligence Inc. | PC0011259 | BC | $960,000 |
| 2026-03-18 | MLVX Technologies Inc. | PC0011868 | BC | $2,554,685 |
| 2026-03-16 | Longboard Architectural Products Inc. | PC0012583 | BC | $400,000 |
| 2026-03-16 | Delta-X Research Inc. | PC0011377 | BC | $1,036,000 |
| 2026-03-16 | Human in Motion Robotics Inc. | PC0010546 | BC | $3,000,000 |
| 2026-03-16 | My-Ti-Con Timber Connectors Inc. | PC0012429 | BC | $630,250 |
| 2026-03-16 | Nanaimo Forest Product Ltd. | PC0012288 | BC | $5,500,000 |
| 2026-03-12 | Grin Technologies Ltd. | PC0012219 | BC | $283,399 |
| 2026-03-09 | Punjab Milk Foods Inc. | PC0012295 | BC | $5,500,000 |
| 2026-03-05 | PowerHouse Building Solutions 2009 Inc. | PC0012404 | BC | $925,000 |
| 2026-03-05 | Forefront Energy Ltd. | PC0011296 | BC | $531,000 |
| 2026-03-02 | Quadrogen Power Systems, Inc. | PC0012400 | BC | $3,600,000 |
| 2026-03-02 | Kalesnikoff Mass Timber Inc. | PC0012530 | BC | $5,500,000 |
| 2026-03-02 | Niik Steel Inc. | PC0012172 | BC | $1,000,000 |
| 2026-02-27 | SKYTRAC Systems Ltd. | PC0012179 | BC | $761,676 |
Method & sources
Source: Government of Canada "Proactive Disclosure – Grants and Contributions" (Open Government Licence – Canada). We include agreements with for-profit recipients that started on or after April 1, 2021, and keep the latest amendment of each agreement, so values are the current agreement value, not money paid out. Departments report on their own schedule, so the most recent quarter is incomplete. Recipients are linked to company pages by exact name match. This is not an endorsement or an eligibility determination — check each program's official page.
Dataset on open.canada.ca · Search the official grants records