CALGARY, ALBERTA, May 22, 2015 — TECTERRA Inc. announced today that it has committed $4.8 million of funds to support the geomatics technology sector in Canada during the last fiscal year, which ended on March 31, 2015. This additional commitment brings TECTERRA's investment in the geomatics industry to over $33.9 million to date.
The investment sum represents commitments to support geomatics companies and applied research projects for technology commercialization, new job creation and Highly Qualified Personnel (HQP) training and development across the country, with total matching private investments of more than $23.3 million towards the supported projects and initiatives.
"TECTERRA is very pleased to continue to support the growth of geomatics in Alberta and across Canada, with emphasis on enabling the commercialization of environmental monitoring, management and protection solutions for the Alberta resource industries," said Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. "Our suite of investment and grant programs has a proven track record and they are accurately reflected through the expanding number of portfolio companies we support. We look forward to continuing to contribute to the economic growth of Canada in the years to come."
The following is a summary of TECTERRA's commercialization support and job creation activities in the period from the beginning of TECTERRA's operation in June 2010 through the end of March 2015.
|Project/Activity Type||# Of Units||Investment $|
|Small and medium geomatics companies supported through||171 companies||$20,731,991|
|project investments and various business support programs|
|New HQP jobs (including those within funded projects)||284 HQP||$1,827,162|
|University applied research projects||25 projects||$4,678,505|
|HQP trained on state-of-the-art geomatics technology||610 HQP||$248,147|
|TECTERRA Geomatics Lab investment for product development||25,258 equipment days||$6,424,809|
|and HQP training||97 training days|
TECTERRA continues to develop new programs that support the geomatics industry and help broaden the horizons for geospatial technology companies.
To meet with some of TECTERRA's supported companies, learn more about the organization's programs and activities, and to stay up-to-date on the newest innovation in geomatics technology, register today to attend the TECTERRA Geomatics Showcase 2015 on June 24, 2015 at the Calgary TELUS Convention Centre. Visit www.tecterra.com for event details and to register.
TECTERRA Inc. is a Canadian geomatics technology innovation support centre that supports the development and commercialization of geomatics technologies for integrated resource management. With funding from the province of Alberta, TECTERRA invests in technology solutions for the following: agriculture, energy, environment, forestry, land management, and development applications. The organization also focuses on small to medium enterprises that specialize in geomatics technology geared towards environmental monitoring, management and protection. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. As a non-profit organization, TECTERRA is governed by an independent Board of Directors who represents the key industry sectors associated with TECTERRA's focus markets.
For more information, visit: www.tecterra.com