Today, Federal Financial Growth Agency for Southern Ontario (Fed Dev Ontario) announced an expense of about C$4 million to help two Ottawa-based tech corporations: BluWave-ai Inc. and Tehama Inc.
BluWave-ai is a cleantech enterprise that works by using AI (artificial intelligence) to aid utility businesses increase renewable electricity resources to their electrical energy grid. It attained a repayable contribution of C$1.7 million aimed at constructing and commercializing software items to manage Electrical Automobile (EV) fleet operations when decreasing power consumption and carbon-emitting autos.
Tehama presents cloud-based distant office Desktop-as-a-Services (DaaS) answers for SMEs (little to medium-sized enterprises) and big enterprises. It is looking for to combine new systems and expand its cybersecure system, and attained a repayable contribution of C$2.7 million.
The merged financial commitment leverages C$12.6 million in private sector help to the location.
“Today’s announcement will assist house-grown technologies, when supporting the generation of in excess of 85 large-high-quality careers across the Ottawa location.” explained Jenna Sudds, parliamentary secretary to the Minister for Women of all ages and Gender Equality and Youth, and Member of Parliament for Kanata–Carleton.