Ottawa unveils new digital strategy, new investment
Industry minister James Moore said the Business Development Bank of Canada will invest $500 million in digital initiatives.
A patchwork of public subsidies and grants for Canadian digital content makers just got larger.
Federal industry minister James Moore on Friday unveiled Canada’s digital strategy, Digital Canada 150.
The program includes the Business Development Bank of Canada investing $300 million in new digital start-ups and another $200 million for businesses to take on more digital technology.
“Significant new investments will be made to help small and medium-sized businesses adopt digital technologies and to provide digital companies with access to venture capital,” the federal government said in a news release that accompanied the Digital 150 strategy unveiling.
Moore also promised $305 million to get high-speed internet services into the furthest reaches of rural Canada.
“Canadian households, mostly rural and northern households, will have high-speed internet access for the very first time,” Moore told a press conference in Waterloo, Ontario.
From Playback Daily