Chalk River, Ontario – Cheryl Gallant, Member of Parliament for Renfrew–Nipissing–Pembroke, is pleased to announce that the Government of Canada has awarded a $294,588 contract to Bubble Technology Industries Inc. for its pre-qualified innovation through the Canadian Innovation Commercialization Program (CICP).
“Strengthening Canada’s economy is our Government’s number one priority, and this contract award is great news for the workers of Bubble Technology Industries and our region,” said MP Cheryl Gallant. “We’re putting our support behind its innovation, designed right here in Chalk River, and helping to kick-start its product into domestic and international markets. I am pleased that our Government promotes local innovation and reinforces our region’s tremendous entrepreneurial spirit through this successful program.”
Bubble Technology Industries Inc.’s innovation, a radiation-detecting speed bump (Radbump), features a radiation detector concealed inside a speed bump to sense the presence of illicit radioactive materials.
Launched in 2010, the Canadian Innovation Commercialization Program has already shown encouraging results, connecting Canadian companies with federal departments and agencies that have a need for innovative products and services. By selling to the federal government, businesses can demonstrate the value of their products and services, and potentially generate future sales to non-federal customers.
To build on the early success of this program, Economic Action Plan 2012 allocated an additional $95 million over three years, starting in 2013–14, and $40 million per year thereafter to make the Canadian Innovation Commercialization Program permanent. The program will include an added military procurement component.