TECTERRA Funds Additional $4.9 Million for Geomatics Innovation in Canada in 2015-16

CALGARY, May 25, 2016 /CNW/ - TECTERRA Inc. announced today that it had committed $4.9 million of funds to support the geomatics technology sector in Canada during the last fiscal year, which ended on March 31, 2016. This additional commitment brings TECTERRA's investment in the geomatics industry to over $37.3 million to date.

The investment sum represents commitments to support geomatics companies and applied research projects for technology commercialization, new job creation and Highly Qualified Personnel (HQP) training and development across the country, with total matching private investments of more than $26.7 million towards the supported projects and initiatives.

"TECTERRA is pleased to continue supporting the growth of geomatics across our province and throughout Canada," said Jonathan Neufeld, Interim Chief Executive Officer for TECTERRA. "With a focus on the commercialization of environmental monitoring, management, and protection solutions for the Alberta resource industries, we are able to proactively contribute to the Canadian economy."

"Since our inception in 2010, we have contributed to the economic growth through our suite of investment and grant programs that have a proven track record and are reflected through the number of portfolio companies we support."

The following is a summary of TECTERRA's commercialization support, and job creation activities, from the beginning of TECTERRA's operation in June 2010 through the end of March 2016.

Project/Activity Type	# Of Units	Investment $
Small and medium geomatics companies supported through project investments and various business support programs	199 companies	$23,498,298
New HQP jobs (including those within funded projects)	310 HQP	$2,165,071
University applied research projects	25 projects	$4,660,302
HQP trained on state-of-the-art geomatics technology	640 HQP	$254,715
TECTERRA Geomatics Lab investment for product development and HQP training	31,833 equipment days 100 training days	$6,741,768

TECTERRA continues to develop new programs that support the geomatics industry and help broaden the horizons for geospatial technology companies.   

To meet with some of TECTERRA's supported companies, learn more about the organization's programs and activities, and to stay up-to-date on the newest innovation in geomatics technology, register today to attend TECNOVATE, the evolution of TECTERRA's annual Geomatics Showcase on June 22, 2016 at the Calgary TELUS Convention Centre. Visit www.tecnovate.ca for event details and to register.

About TECTERRA:
TECTERRA Inc. is a Canadian geomatics technology innovation support centre that supports the development and commercialization of geomatics technologies for integrated resource management. With funding from the province of Alberta, TECTERRA invests in technology solutions for the following: agriculture, energy, environment, forestry, land management, and development applications. The organization also focuses on small to medium enterprises that specialize in geomatics technology geared towards environmental monitoring, management and protection. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. As a non-profit organization, TECTERRA is governed by an independent Board of Directors who represents the key industry sectors associated with TECTERRA's focus markets. For more information, visit: www.tecterra.com

SOURCE TECTERRA Inc.

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