The Sault Ste. Marie Innovation Centre has received $980,000 from the federal government to assist small and medium-sized businesses with development.
On Sept. 13, MP Terry Sheehan announced two separate funding packages of $490,000 for the innovation centre.
The first will fund the Broadband E-business Marketing program to “help eligible businesses adopt e-business applications to reduce operating costs and increase their reach into new markets.”
The second investment will fund the Innovation Accelerator Program, which assists “qualified high-tech enterprises with activities such as market research, e-commerce and promotion, and lean production implementation.”
“We are excited about helping area businesses reach their full potential thanks to continuing support from FedNor and the Government of Canada,” said Don MacLennan, the centre’s acting executive director, in a release.
“These programs are helping innovators and entrepreneurs in our region to take their businesses to the next level, generating increased profits and employment opportunities.”
The funding comes from FedNor’s Northern Ontario development Program.
