National Research Council Canada-NRC

National Research Council Canada-NRC

September 25, 2009 12:55 ET

The Government of Canada Supports Innovative Research and Development on Cape Breton

SYDNEY, NOVA SCOTIA--(Marketwire - Sept. 25, 2009) - An award-winning software development, publishing, and consulting company in Nova Scotia is getting support to develop new products that will benefit educators and entrepreneurs. The funding announcement for MediaSpark Inc. was made today by the Honourable Peter MacKay, Minister of National Defence and Minister for the Atlantic Gateway, on behalf of the Honourable Gary Goodyear, Minister of State (Science and Technology).

"Our government is investing in science and technology to create jobs, strengthen the economy and improve Canadians' quality of life," said Minister MacKay. "This project will allow a Cape Breton company to bring new software to market that will help businesses, trainers and educators, which will be good for the local economy."

This $438,478 contribution from the National Research Council Industrial Research Assistance Program (NRC-IRAP) will support the Sydney-based company in researching and developing innovative new products to expand its educational games and simulations product line.

"Investing in science and technology is critical for developing highly skilled people and improving the long-term competitiveness of Canadian firms," said NRC President Dr. Pierre Coulombe. "That's why NRC-IRAP is helping innovative Canadian businesses such as MediaSpark grow stronger, faster and bigger."

MediaSpark is a recognized innovation leader in the emerging industry for educational games and simulations, having won numerous awards and garnered customers around the world. The company's focus is specifically in the areas of business, entrepreneurship, and financial literacy education.

"NRC-IRAP is playing an important role in the success of our company," said Mathew Georghiou, CEO of MediaSpark. "The financial support we are receiving from NRC-IRAP will help us continue to be at the forefront of the revolutionary change that is happening in the education and training industries around the world."

About NRC and NRC-IRAP

The NRC Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative Canadian small- and medium-sized enterprises.

The program is delivered by a field staff of 240 professionals in more than 100 communities across Canada. NRC-IRAP is committed to working with small- and medium-sized enterprises while they realize their full potential, turning knowledge and innovation into strategic opportunities, jobs and prosperity for all Canadians.

The Government of Canada's Economic Action Plan has provided new resources of $200 million over the next two years to bolster NRC-IRAP support for innovative Canadian firms. To learn more about Canada's Economic Action Plan, visit www.actionplan.gc.ca.

For more information (media only), please visit NRC-IRAP's Web site http://nrc-cnrc.gc.ca/irap

Contact Information

  • National Research Council Canada
    Media Relations
    613-991-1431
    media@nrc-cnrc.gc.ca
    or
    Office of the Honourable Gary Goodyear
    Minister of State (Science and Technology)
    Gary Toft
    Director of Communications
    613-943-7599