Government of Canada announces over $1.1 million to Accelovant Technologies Corporation to position Canada as a global leader in the semiconductor industry

North Vancouver, British Columbia – Pacific Economic Development Canada

Semiconductors, often called chips or microchips, are critical to Canada’s national security, economy and technological interests. Canadians rely on semiconductors every time we drive a car, take a plane, or use a telephone.

The Government of Canada recognizes that issues around semiconductor supply have an impact on all sectors of the economy and affects the production of automobiles, consumer electronics and medical devices.

The Government of Canada is collaborating with Canadian businesses to strengthen Canada’s position in the industry. Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources on behalf of the Honourable Harjit S. Sajjan, Minister responsible for PacifiCan, announced $1,146,483 in funding to Accelovant Technologies Corporation.

This funding, provided through PacifiCan’s Jobs and Growth Fund, will help Accelovant meet the global need for semiconductors. Accelovant will enhance their capacity to develop and export sensors needed by the semiconductor industry by increasing staff, purchasing new equipment, expanding their facility and growing their business.

Last year, the Government of Canada created PacifiCan, a dedicated federal regional economic development agency for British Columbia. PacifiCan promotes growth and diversification in British Columbia’s economy by enhancing innovation, improving business competitiveness, and promoting inclusive growth.

Today’s announcement is supporting the Government of Canada’s priorities of becoming a leader in the semiconductor industry and helping innovative companies seize international markets while growing here at home.