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SIPP received $3-million in funding this week from the Pacific Economic Development Agency of Canada (PacifiCan) to support our work in the blue economy and the Indigenous economy.

The Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for PacifiCan, made the announcement to a gathering of business, government and community leaders at Oak Bay Marina on Tuesday, June 27. The $3-million in SIPP funding is part of PacifiCan’s $8.1-million ocean technology investment announced for Vancouver Island organizations, including the Association of BC Marine Industries and the University of Victoria.

SIPP’s funding will support the development of an ocean and marine innovation network and hub through our Centre for Ocean Applied Sustainable Technologies (COAST). The funding will also foster Indigenous entrepreneurship and exploration of economic opportunities connected to ocean monitoring and conservation through SIPP’s Indigenous-led arm, the Indigenous Prosperity Centre (IPC).

“We also want to express gratitude for PacifiCan’s support and belief in our shared vision,” says SIPP Group CEO Emilie de Rosenroll. “We look forward to celebrating many more milestones together over the coming years.”

Our thanks to the District of Oak Bay and Oak Bay Marine Group for hosting this announcement — and to Barnacle Systems for providing attendees with a tour of their facility during the event

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