Prime Minister Stephen Harper announced an $1.95 million investment in the Alberta high-technology sector during his visit to Edmonton Friday.
The funding will go to the Alberta Centre for Advanced Microsystems and Nanotechnology Products (ACAMP) in Edmonton, a not-for-profit organization that companies helps bring products to market.
"This support is to help western micro and nanotechnology firms market their exciting new products in rapidly emerging markets," Harper said.
The world market for such products should exceed $3 trillion by 2015, he added.
"This is a fantastic opportunity and we are determined that Alberta and Canada will lead the way."
The funding was welcomed by ACAMP's CEO Ken Brizel.
"In 2008, when we opened our doors, we had six lead companies," Brizel said. "Now ACAMP has over 56 clients and 30 more prospects."
The Prime Minister also visited Kensington Elementary School in Edmonton Friday afternoon. He will also speak at an event Friday evening at a south Edmonton hotel.