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| Alberta High-Tech Entrepreneurs to Benefit from New Technology Commercialization Initiative |
May 9, 2008 |
Edmonton, Alberta – May 9, 2008 -- High-tech companies looking to field-test new computer-based technologies in a customer or client setting now have ready access to more support from the new Precarn office opening in Alberta.
The Precarn-Alberta initiative is a three-way partnership agreement among the provincial and federal governments and Precarn Incorporated. The initiative will help companies focus their research and development projects to quickly bring better products to market, leading to many more successful companies.
“Precarn’s focus is on commercializing technologies with high market potential. This focus will help Alberta’s entrepreneurs to ramp up global sales by developing advanced technology solutions that are well-matched to customer needs,” says Doug Horner, Minister of Alberta Advanced Education and Technology.
“This partnership will enable Precarn to build on its solid track record of assisting early-stage businesses to commercialize cutting-edge technologies and maintain a competitive edge,” said the Honourable Rona Ambrose, President of the Queen’s Privy Council for Canada, Minister of Intergovernmental Affairs and Minister of Western Economic Diversification. “The Government of Canada is proud to support western Canadian entrepreneurs and innovators in taking their ideas to the global market.”
The initiative will fund Alberta-based industry projects involved in commercializing intelligent information and communications systems technologies. These technologies have potential to improve decision-making, increase cost-savings and do tasks faster, safer or better in all sectors of Alberta’s economy.
The Precarn-Alberta initiative is a $3.6 million partnership agreement over three years supported by $1.2 million each from Precarn Inc., Western Economic Diversification Canada (WD) and Alberta Advanced Education and Technology. Start-up costs will be covered separately by Precarn and WD.
Paul Johnston, President and CEO of Precarn, explained that, “we are very pleased to be a partner with the Alberta Government and Western Economic Diversification Canada in this collaborative program to support the research, development and application of advanced technologies as a means to build a solid economic foundation for Alberta and Canada. This partnership demonstrates Precarn’s commitment to expand its network through collaborative partnerships, and has allowed Precarn to open its first satellite office in Edmonton. We invite industry to participate in this call for proposals and look forward to working with leading-edge Alberta companies to contribute to Alberta's economy.”
Precarn is a not-for-profit company representing a national network of corporations, universities, colleges, research institutes and government partners engaged in the research and development of enabling technologies.
Concept documents for project proposals may be submitted until May 23 with final proposals due on July 11. Up to $600,000 is available per project. For more information about the request for proposal process, visit www.precarn.ca, call Peggy MacTavish at 780-441-3852, or email mactavish@precarn.ca .
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