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Digital Technology Supercluster Makes $10.7 Million Follow-on Investments in COVID-19 Feasibility Projects
Friday, October 23, 2020Company Profile | Follow Company
Vancouver, BC, October 23, 2020--(T-Net)--The Digital Technology Supercluster announced today that it is extending funding in five Feasibility Studies selected in the COVID-19 Program.
Feasibility Studies enable Members to determine if a technology or innovative idea is appropriate for a large-scale project with the intention of developing an application for co-investment through our competitive call for projects. Members test new ideas with collaborators, identify potential markets and customers, and adapt as needed, ensuring responsible investment in projects.
The Feasibility Studies deployed in the COVID-19 Program allow Members and collaborators to identify rising challenges created by the changing environment the COVID-19 pandemic brings.
"Our approach to investing in new, innovative digital technologies is based on sound experimentation in a controlled setting. These feasibility studies allow us to experiment while identifying the best application of the technology to ensure success" explained Bill Tam, Co-Founder of the Digital Technology Supercluster.
There are five Feasibility Studies continuing on as projects:
In some instances, teams shifted focus to better align their solution with the evolving problem. In others, project investment will be used to scale technologies that were found successful in initial market studies.
"The health and safety of Canadians continues to be our number one priority. I am delighted to see the Digital Technology Supercluster diving deeper into innovative technologies and solutions that will lead to a better understanding of the novel coronavirus and keeping Canadians safe throughout this pandemic and beyond," says Navdeep Bains, Minister of Innovation, Science and Industry.
More information about these projects can be found here. Information about the COVID-19 Program can and its projects can be found here.
About Digital Technology Supercluster:
TheDigital Technology Supercluster solves some of industry's and society's biggest problems through Canadian-made technologies. We bring together private and public sector organizations of all sizes to address challenges facing Canada's economic sectors including healthcare, natural resources, manufacturing, and transportation. Through this 'collaborative innovation,' the Supercluster helps to drive solutions better than any single organization could on its own. The Digital Technology Supercluster is led by industry leaders such as D-Wave, LifeLabs, LlamaZOO, Lululemon, MDA, Microsoft, Mosaic Forest Management, Sanctuary AI, Teck Resources Limited, TELUS, Terramera, and 1Qbit. Together, we work to position Canada as a global hub for digital innovation. A full list of Members can be found here.
About the COVID-19 Program:
The COVID-19 Program aims to improve the health and safety of Canadians and support Canada's ability to address issues created by the COVID-19 outbreak. In addition, the program will build expertise and capacity to anticipate and address issues that may arise in future health crises, from healthcare to a return to work and community. More information can be found here.
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Digital Technology Supercluster
Vancouver (New Media)
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