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Kelowna  

Tech sector boost

The Okanagan technology sector is getting a boost from the federal government.

On Friday, Michelle Rempel, minister of state for western economic diversification, announced $3.4 million in funding to the Kelowna Innovation Society for the new Okanagan Innovation Centre that is under construction in downtown Kelowna.

The money will build out, equip and operate the publicly funded space at the centre, located at the corner of Doyle Avenue and Ellis Street, beside the Kelowna library.

The 24,000-square-foot centre will include a business incubator, training and digital media labs, and a presentation and meeting area.

Rempel says the Innovation Centre will strengthen the region’s position as an economic powerhouse in Western Canada.

"It will create new businesses and jobs that will help generate prosperity for our communities now and in the years to come," she said.

Kelowna is home to the third-largest technology hub in the province, with the Okanagan tech industry contributing $1.02 billion to the local economy in 2013.

The centre will provide entrepreneurs and start-ups with the support they need to build their companies and create new job opportunities, Rempel added.

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