Government of Canada Supports Ontario Firm Through Build in Canada Innovation Program Français
KANATA, ON, June 27, 2017 /CNW/ - The Government of Canada is committed to growing the economy, strengthening the middle class, and helping those working hard to join it. Through the Build in Canada Innovation Program, the Government of Canada is investing in Canadian innovations to create inclusive and sustainable economic growth for communities across Canada.
Steven MacKinnon, Parliamentary Secretary to the Minister of Public Services and Procurement, along with Karen McCrimmon, Member of Parliament for Kanata–Carleton, today announced that the Government of Canada is investing in a made-in-Canada innovation called idQ Trust as a Service, which enhances security and helps to relieve today's password burden.
This innovation offers online security for consumers and organizations that reduces potential risks for cyberattacks. It is a significant advancement for online security that eliminates the need for passwords, preventing hackers from intercepting logins, stealing credentials and breaching networks.
inBay Technologies Inc. of Kanata, Ontario, received a $500,481 contract for its innovation, which will be tested by Shared Services Canada. This investment was made through the Build in Canada Innovation Program, which helps Canadian innovators land their first sale and get their innovations tested by the Government of Canada. This program is just one of the many ways the Government of Canada supports innovation and small and medium-sized businesses across Canada.
Canadian innovators can submit their proposals on the Build in Canada Innovation Program's website.
Quotes
"Our government is committed to strengthening small and medium enterprises. Investments in Canadian innovations are a key driver of jobs and prosperity. By matching innovative products with government needs, the Build in Canada Innovation Program helps Canadian companies move their products from the lab to the marketplace."
Steven MacKinnon
Parliamentary Secretary to the Minister of Public Services and Procurement
"Our Government is committed to supporting innovative companies that are developing cutting edge technologies. The BCIP program allows local companies in Kanata-Carleton to work with various government departments, which offer them valuable insight on how to refine and commercialize their products. This is just another example of how Kanata-Carleton companies are at the forefront of Canada's technology"
Karen McCrimmon
Member of Parliament for Kanata–Carleton
"With an increase in frequency and severity of cyberattacks, it is crucial that public organizations and enterprises protect their online applications by securing users' corporate credentials from cyberhacking. By deploying inBay Technologies' idQ Trust as a Service passwordless authentication and authorization solution, we helped secure Shared Services Canada applications built around Active Directory Federation Services, and rendered potential malware attacks futile."
Shane Young
President and Chief Executive Officer
inBay Technologies Inc.
Quick Facts
- idQ Trust as a Service enables secure and trusted access to intranets or servers from anywhere.
- With inBay's patented technology, no confidential data is transmitted because user identities are anonymized and email addresses are protected in an encrypted store.
- More than 235 contracts, 92 of which were in Ontario, have been awarded under the Build in Canada Innovation Program, bringing Canadian companies one step closer to selling to domestic and international markets.
- More than $99 million has been awarded in contracts since the Build in Canada Innovation Program began in 2010.
Associated Links
Build in Canada Innovation Program
SOURCE Public Services and Procurement Canada
For further information: Annie Trépanier, Office of the Honourable Judy M. Foote, 819-997-5421; Media Relations, Public Services and Procurement Canada, 819-420-5501, [email protected]
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