Golriz Fattahi is COO of funding recipient, Alacrity Canada
BRITISH COLUMBIA – Seven BC organizations were the recipients of PacifiCan funding to further drive business growth and support economic development.
Three of the organizations received a total of $5.1 million through PacifiCan’s Business Acceleration Pilot (BizAP) that will help small- and medium-sized businesses scale up and expand into new markets.
Alacrity Canada will receive $2,481,097 to expand its programming for small- and medium-sized businesses ready for rapid growth. Alacrity’s Advanced Pathways for Export Program (APEX), will prepare companies for diversified trade opportunities and provide personalized mentorship from industry experts and connections with global investors. This investment will help businesses with high growth potential achieve their scale-up ambitions and bolster B.C.’s position as a leader in key sectors such as clean technology and manufacturing.
“Scaling a business beyond domestic markets requires not only capital – it’s about unlocking the right networks, export opportunities, and strategic expertise. Through the APEX program we are leveraging our global footprint and equipping B.C.’s high-growth SMEs with the tailored support they need to succeed in international markets. This will drive competitive economic growth, industrial transformation, and accelerate the transition to a clean economy,” stated Golriz Fattahi, Chief Operating Officer of Alacrity Canada.
The Fireweed Institute is receiving $1,394,650 to develop and deliver new programming tailored to high-growth-potential Indigenous businesses, and BC Tech is receiving $1,222,969 to help technology-focused businesses scale up their operations.
These three BizAP investments are expected to help create more than 1,700 jobs, support 300 businesses across British Columbia, and drive more than $110 million in revenue growth for these companies.
Also announced, was $1.3 million in funding through PacifiCan’s Community Economic Development and Diversification program to help four not-for-profits boost local economic growth in communities across the province.
Royal Roads University Foundation – $677,800 – to pilot targeted support for municipal and First Nations economic development partnerships in the growing Westshore region of Southern Vancouver Island.
S2S Outdoor Adventure Recreation Enterprise – $359,950 – to establish an outdoor technology innovation centre in the Sea to Sky region of B.C.
Haida Gwaii Community Futures – $168,300- to deliver Indigenous business development services and support local entrepreneurs.
City of Quesnel – $134,250 – to expand a food processing facility to support small business growth in Northern B.C.
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