As the region’s economy continues to reopen, businesses and industries are faced with new opportunities to rethink and transform their operations. This transition and adaptation has required, and will continue to demand, quick action, creativity and a willingness to innovate.

In response, ICET has developed new programs to support these needs. This includes ICET-led and partner-led initiatives, as well as the RECOVER – Business and Community Support Program (delivered on behalf of the Province of BC).


ICET-led programs

RESTART – Small Capital Program (temporary)

Provides capital funding for time-sensitive initiatives that target immediate, short-term COVID-related business and industry restart, resilience and sustainability. Up to $15,000 in funding is available for projects that demonstrate innovative approaches to enable faster restart of business operations or enables the development of complementary revenue streams for affected businesses or industry. The program is open to local governments, Indigenous communities, non-profits (including industry associations, Chambers of Commerce or other non-profit business, industry or economic development related organizations).

GUIDELINES AND APPLICATION FORM

READ OUR NEWS RELEASE


Partner-led programs

Tourism Resiliency Program

Led by Tourism Vancouver Island, with ICET funding support, the program provides personalized, hands-on services and guidance to the region’s broad range of tourism related businesses. Advisors are matched with businesses to help navigate available resources, relief and business adaptation measures. As business needs evolve, advisors also work with subject matter experts to provide collaborative, one-on-one coaching, technical and industry expertise and referrals to help facilitate long-term business adaptation and resilience. 

VISIT TOURISM RESILIENCY WEBSITE

 

Digital Economy Response Program (DER3)

Led by Innovation Island Technology Association, with ICET funding support, the program offers one-on-one services and technical consultations to the region’s Small and Medium-sized businesses (SMBs) as they enter into or expand their services in the digital economy. The program’s advisors work with individual businesses to assess opportunities, develop an action plan and access expert resources.  If required, the program will also match businesses with qualified regional service providers, to deliver contracted solutions.

VISIT DER3 WEBSITE

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

2019-2020 ANNUAL REPORT

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