Funding

 Global Spatial Technology Solutions ("GSTS" or "the Company"), a leader in maritime innovation, announced that it has closed a CAD $11M Series A funding round from lead investor, Fonds de solidarité FTQ, along with Export Development Corporation (EDC).

With this strategic investment, GSTS is well positioned to accelerate the international commercialization of its proprietary AI powered platform, OCIANA®, with near term expansion in the EMEA and APAC regions. OCIANA® provides operational optimisation, risk and compliance management solutions across the maritime industry with multiple applications in commercial, civil and defence segments. The next phase includes an extension of the OCIANA® solution suite based on market needs for digitalization, climate change, sustainability and energy initiatives. This investment will also enable the expansion of GSTS' commercial and artificial intelligence teams to respond to current market demands for OCIANA®.

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ST. CATHARINES — Ontario Shipyards Inc., the owner of shipbuilding and repair facilities in St. Catharines, Hamilton and Thunder Bay, is receiving $10 million from the provincial government to train workers.

Premier Doug Ford made the announcement Wednesday in St. Catharines, saying all levels of government need "to step up and recognize the extraordinary potential of this industry and its workers by ensuring that much-needed Canadian vessels are built in Ontario, by Ontario shipbuilders."

A lack of skilled labour was one of the key reasons cited by Ontario Shipyards when it suspended operations at its Thunder Bay facility earlier this year.

Information about how the provincial funding might impact the Thunder Bay shipyard was not immediately available, and the company has not released details.

However, the government announcement stated the company will deliver training, re-skilling and up-skilling programs for careers in the millwright, welding, electrical and painting trades in St. Catharines, Hamilton and Thunder Bay.

It said courses will include shipbuilding, ship repair, shipyard orientation, and health and safety procedures, along with professional development, leadership training and mentoring to recruit and retain the next generation of workers.

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Victoria-based  MarineLabs, a leader in cutting edge maritime weather intelligence technology, proudly announces the successful completion of a historic $4.5 million seed funding round, marking the largest investment of its kind in Canadian history for an ocean tech company, which will directly benefit Canada’s marine industry.

The funding was led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards, a leader in Canada’s ship design, engineering, building and ship repair industry.

This substantial investment will propel MarineLabs’ forward as it continues to revolutionize the maritime industry with its flagship product, CoastAware. The latter is a real-time weather intelligence solution that enhances safety, efficiency, and sustainability in maritime operations by providing users with detailed, actionable, real-time, and historical weather conditions data for informed decision-making.

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The RCN ISTAR UAS project will provide an alternate airborne platform that can be operated from the Halifax-class frigate in order to provide near real-time, Intelligence, Surveillance, Target Acquisition, and Reconnaissance information. This ability will provide critical over the horizon Situational Awareness and generate an operational advantage for commanders while minimizing the risk to the frigate or Maritime Helicopter in support of simple to multi-threat operations.

Requirements

The RCN requires a shipborne vertical take-off and landing (VTOL) Remotely Piloted Aircraft System (RPAS) that can launch and recover from a Halifax-class frigate with an embarked maritime helicopter, by day and night, in challenging weather conditions globally. The minimum requirement will be to operate at least 50nm from the ship while fitted with a dynamically responsive, open architecture, maritime ISTAR sensor suite (to include at a minimum EO/IR, maritime radar, AIS, and an IFF Transponder).

Funding Range

$50 million to $99 million

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Get financial support and personalized advice to connect with potential foreign partners, pursue new business opportunities abroad or attract foreign investment into Canadian communities.

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LÉVIS, QC – Kateri Champagne Jourdain, Minister of Employment and Minister Responsible for the Côte-Nord Region, and Martine Biron, Minister of International Relations and La Francophonie, Minister Responsible for the Status of Women and Member of Parliament for Chutes-de-la-Chaudière, announced an investment of $3,514,870 for training in the marine sector.

This financial support will enable the Comité sectoriel de main-d’oeuvre de l’industrie maritime to conduct, in collaboration with the Institut maritime du Québec, Collège de Rimouski, a vast skills enhancement project. To that end, nearly 2,800 hours of training for workers in the Quebec marine industry will be updated to better meet the needs of the industry. The announcement was made on February 16 at the Centre de formation aux mesures d’urgence (CFMU), one of the training sites of the Institut maritime du Québec...

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The Government of Canada is spurring economic growth, helping create well-paying jobs and growing our competitive advantage by investing in ideas, businesses and communities. Through the Global Innovation Clusters program, the government established a new approach to innovation: building accelerated and strong ecosystems in industries where Canada leads.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that each cluster will receive renewed support to expand its national presence and deepen its impact at home and abroad...

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Bowen Island, BC – Prime Minister Justin Trudeau has announced the next phase of Canada’s Oceans Protection Plan. With the new investment of $2 billion over nine years, announced in Budget 2022, Canada will establish 15 new measures to expand ocean protection initiatives to more regions and better proactively combat emerging threats to marine safety, while continuing or expanding 39 existing initiatives.

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Funding of $150,000 will help Robert Allan Ltd. implement a quiet propeller and propulsion system in conjunction with an innovative tool to evaluate and predict underwater vessel noise from escort tugs. This tool could help vessel owner-operators understand and predict the underwater noise being generated by their tugs, and to implement effective mitigation strategies.

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