The Honourable Scott Brison, President of the Treasury Board, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a repayable investment of USD 7.6 million to support a USD 19.0 million project by Bluedrop Performance Learning Inc. (TSXV-V:BPLI), a company that provides simulation technology, simulators and training programs to the aerospace and defence sectors, the company said.
The Government of Canada is maintaining and creating well-paying middle-class jobs, economic growth and long-term prosperity by investing in the growth of small businesses to promote innovation and global competitiveness.
The funding to support research and development will help Bluedrop create or maintain more than 200 jobs by supporting the design and development of next generation aerospace and marine simulation and training products. The project will adapt gaming and mobile technologies such as virtual reality and augmented reality to improve the use of artificial intelligence to develop new simulation and training products used by air and marine crews.
This investment will lead to training that is more relevant, more cost effective and that improves safety for air and marine crews.
Bluedrop Performance Learning Inc. is engaged in designing, developing and delivering workplace training for individuals, businesses, military personnel and the public sector. The company´s segments include Bluedrop Learning Networks and Bluedrop Training and Simulation.