Information technology companies in Atlantic Canada provide resourceful solutions to industries around the globe and well-paying jobs for people in the region. One such company, iWave Information Systems Inc. in Charlottetown, PEI, has created a fundraising software solution used internationally by universities, hospitals and not-for-profit organizations. Thanks to increased demand for its product, the company is now in a position to hire more staff, expand its space and redevelop its website.
That is why the Government of Canada is providing a repayable contribution of $347,500 for this project with iWave Information Systems Inc. to allow the company to carry out expansion plans to meet the needs of clients and gain new business opportunities.
Sean Casey, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and Member of Parliament for Charlottetown, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science, and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), made the announcement today.
The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping small and medium-sized businesses to start-up, expand or modernize and supporting not-for-profit organizations to fuel business growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“Growth and development in the information technology sector is key to driving the Canadian economy forward. Canadians firms continue to build leading-edge products and services that are exportable and competitive. The Government of Canada continues to support progressive and innovative companies like iWave that build upon past successes and look forward to new opportunities.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Atlantic Canadian companies in information technology (IT) are proving to be excellent contributors to the region’s economy. I am pleased to announce Government of Canada support for iWave that will enable the company to implement its expansion plans with more space, an improved website, and the necessary resources. This Charlottetown company is a respected pillar of the IT business community with its eye on growth, and that is good news for the company, its clients and the economy.”
- Sean Casey, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and Member of Parliament for Charlottetown
“ACOA continues to be a significant supporter of iWave’s growth in our local market, but with reach and impact across North America. Access to skilled labor and the ability to facilitate a growing resource base is iWave’s number one priority. ACOA’s staff took the time to understand our business needs and provided the support that would be most impactful for our growth. This contribution has helped us to build out a new facility with the potential and promise to scale our business. Our facility at its prime location is already yielding benefits in attracting top talent in Charlottetown, but also in drawing skilled resources from off-island.”
- Ross Beattie, President and CEO, iWave
- The Government of Canada invested $347,500 in this project through ACOA’s Business Development Program (BDP).
- The BDP primarily assists Atlantic Canadian entrepreneurs who want to start a business, increase productivity or improve operations. Investments under the BDP address any gap that may arise if an application does not fit within ACOA’s Regional Economic Growth through Innovation (REGI) program.
- The Business Development Program continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
- iWave is a software-as-a-service company with over 2,600 clients in the healthcare, education, and non-profit sectors.
- The company’s core product, Prospect Research Online (PRO), is a fundraising software solution used by development and fundraising professionals to gather philanthropic and wealth information on individuals, corporations, and foundations to source major financial gifts.
- iWave has established a portfolio of clients including Yale University, the Massachusetts Institute of Technology, St. Jude’s Children’s Hospital, the World Wildlife Fund, the Boston Symphony Orchestra, and the YMCA.
- The company currently employs 45 people and expects to hire an additional 45 staffers in the next five years.