Government of Canada Supports Larus Technologies Corporation to Scale Product Development and Company Growth

Government of Canada Supports Larus Technologies Corporation to Scale Product Development and Company Growth

Ottawa-ON, July 2, 2024 – The support of businesses as they evolve, expand, and contribute to the development of futuristic AI solutions, is integral to Canada’s economic growth.

This support is not just about the present but also about building a strong foundation for the future workforce. Businesses, like Larus Technologies, that are focusing on technological innovation, inclusivity, and growth, are key players in shaping the future workforce.

On June 24, 2024, the Honourable Jenna Sudds, Minister of Families, Children and Social Development and Member of Parliament for Kanata–Carleton, along with Yasir Naqvi, Parliamentary Secretary to the Minister of Health and Member of Parliament for Ottawa Centre, announced a repayable investment of $1.5 million to Larus Technologies. This repayable Government of Canada investment, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will help Laurus create jobs and expand its software development capacity through the development of a Software as a Service (SaaS) product, which the company will market and scale in the retail, e-commerce, and supply chain business-to-business (B2B) markets.

Read full article

Related Articles