Velsoft Training Materials in New Glasgow was recognized today as one of funding recipients for the Global Business Accelerator Program, money that CEO Jim Fitt is speeding up their expansion into Africa.
The Global Business Accelerator Program provides funding support to Nova Scotia businesses so they can connect with experts who can help build world-class companies that can compete anywhere.
This year's funding recipients were announced at an event held at Velsoft's office in downtown New Glasgow.
"The Global Business Accelerator Program is helping companies acquire the knowledge and expertise they need to sell goods and services all over the world, which is a key piece of our jobsHere plan," said Justice Minister Ross Landry, on behalf of Economic and Rural Development and Tourism Minister Graham Steele. "Supporting businesses like Velsoft Training Materials to become more globally competitive will help them compete for some of the big opportunities on the horizon."
The 12 recipients of the first round of the Global Business Accelerator Program are:
-- Acadian Seaplants Limited, Halifax
-- G2 Research Limited, Halifax
-- Health Outcomes Worldwide, Cape Breton
-- Master Merchant Systems Software, Halifax
-- Media Spark, Cape Breton
-- NewPace Technology Development Inc., Halifax
-- Nicom IT Solutions, Halifax
-- Nova Advanced Composite Solutions Inc., Halifax
-- Resolution Optics Inc., Halifax
-- SimplyCast Interactive Marketing, Halifax
-- Velsoft Training Materials, New Glasgow
-- Video Game Addicts Interactive Inc., Halifax
Velsoft Training Materials is a leading provider of innovative, customizable training materials, eLearning software, and blendedlearning solutions to tens of thousands of companies in more than 160 countries worldwide. Velsoft employs 28 Nova Scotians at its head office in New Glasgow.
"We need to compete around the world every day, and the opportunity for education and training development with products like ours is immense," said Velsoft CEO Jim Fitt. "Velsoft is pleased to be a part of the province's Global Business Accelerator Program, which will help further our growth and market share."
Businesses will be reimbursed up to 80 per cent, to a maximum of $35,000, of the eligible costs of hiring a professional with international business expertise. The program is administered by Nova Scotia Business Inc. on behalf of Economic and Rural Development and Tourism.
Applications for the second round of funding will be accepted starting today until September 13, 2013. More information on the program, including guidelines and an application form, is available at www.gov.ns.ca/econ/gbap.