Government of Canada invests over $25.7 million to fuel innovation and economic growth in Vancouver. PrecisionOS is one of ten local businesses and organizations to receive funding to commercialize new technology, grow operations, and reach new markets.
VANCOUVER, British Columbia—March 20, 2023—Today, the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced an investment of over $25.7 million to help 10 Vancouver-based organizations fuel the B.C. economy, create jobs, and develop products that improve lives. This includes over $16.1 million for eight companies through the Business Scale-Up and Productivity program and over $9.6 million for two organizations through the Jobs and Growth Fund.
PrecisionOS Technology Inc. is receiving $1,500,000 for global expansion from the Business Scale-Up and Productivity program. This funding will help the company grow its virtual reality medical training platform for adoption in global markets, by expanding operational capacity and implementing new tools to manage customer relationships and software subscriptions. The company’s platform enables immersive virtual medical training for orthopedic surgeons, a cost-effective and accessible alternative to cadavers.
The Government of Canada, through PacifiCan, supports innovation, business growth and community economic development in British Columbia. PacifiCan makes strategic investments in growing companies to strengthen B.C.’s position as a domestic and international leader in a variety of sectors, such as clean technology, life sciences and digital industries. More details about the businesses and organizations receiving funding can be found in the backgrounder here.
About PrecisionOS
PrecisionOS is a leading provider of virtual reality surgical training for the medical industry. Healthcare professionals across numerous societies, universities, and medical device companies prefer PrecisionOS modules because they improve the transfer of knowledge and skills. Multiple, independent published trials confirm that participants using the PrecisionOS platform become better, more confident surgeons. PrecisionOS has collaborative affiliations with more than 60 major global medical institutions where the platform is being used in more than 55 countries globally. Learn more at www.precisionostech.com.
Media Contact
Brittany Reis
Marketing Specialist
brittany.reis@precisionostech.com
226-600-4091