B.C. tech firm lands $800Okay in federal funding

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An Okanagan tech firm with a objective of serving to athletes and monitoring concussions was awarded a large grant this week.

On Tuesday, the federal authorities introduced that XCo Tech of Penticton was awarded $800,000 to develop its enterprise and assist create jobs. The cash got here from the Western Innovation Initiative (WINN) and can be used to assist XCo commercialize its makes an attempt to offer new insights into athletic efficiency.

“The WINN funding will permit us rent the expertise we have to convey our athletic coaching and concussion improvements to market,” stated XCo CEO Scott McMillan. “It’s nice to be acknowledged by the federal authorities that XCo’s expertise and merchandise have the potential to have a dramatic impression on the efficiency and security of athletes and on the evaluation, therapy and rehabilitation of concussions suffered by people.”

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“The Authorities of Canada is working arduous to assist Western Canadian entrepreneurs flip their concepts into thriving companies and create good center class jobs,” stated Navdeep Bains, the federal Minister of Innovation, Science and Financial Improvement. “By the Innovation and Abilities Plan and funding applications such because the Western Innovation Initiative, we’re serving to to propel modern entrepreneurs and companies into world success.”

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XCo’s XPS platform is aimed toward delivering an modern coaching system for athletes and a complete concussion evaluation product. In keeping with XCo, the platform options “motion-tracking knowledge with biometric and cognitive digital biomarkers to raised measure human efficiency and well being in future functions.”

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“The superior expertise being commercialized by XCO Tech Inc. not solely has potential to considerably improve future strategies of teaching, athletic improvement, and sports activities rehabilitation, however can even create new jobs for extremely certified personnel and financial development for British Columbia and past,” stated Harjit Sajjan, Minister of Nationwide Defence.

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