Businesses interested in introducing, modifying or replacing technology to improve their operations are being invited by the provincial government to submit an expression of interest under its technology utilization program.
Keith Hutchings, minister of innovation, business and rural development, said in a news release, the addition or upgrade of technology can substantially improve the productivity of a company.
“Through the technology utilization program, the provincial government is helping small businesses become more productive and successful,” Hutchings said. “I encourage businesses to take a look at their operations and consider how they can be improved through technology and make contact with my department through this expression of interest.”
Businesses are first invited to submit an overview of their project, followed by a more detailed application. The deadline for submissions is Oct. 10.
“Innovation is key to developing and maintaining the competitiveness of any economy competing in the global marketplace,” said Bob Tetford, provincial chairman of the Canadian Manufacturers and Exporters. “Our provincial economy, like any other, must innovate and develop in order to attract new business and ensure the continued success of ventures already established.”
Tetford said experience and research show that companies involved in the manufacturing and exporting sectors are one of the main driving forces behind developing new technologies and, “even more importantly, bringing them successfully to market. The Technology Utilization Program is an excellent program for those companies who wish to innovate by adapting new technology.”
For more information on the program, visit www.gov.nl.ca/ibrd or contact one of the Department of Innovation, Business and Rural Development offices.