Pacific Economic Development Canada
- Company typePrivate
- Founded2021
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
Pacific Economic Development Canada firmographics
Firmographics- Name
- Pacific Economic Development Canada
- Legal name
- Pacific Economic Development Canada
- Website
- https://canada.ca
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Pacific Economic Development Canada industry classification
Industry- Product category
- Government Economic Development Funding
- NAICS
- Administration of Economic Programs (9261), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615)
- akta.pro primary industry
- Trade, Industry & Economic Development Administration (BPAIAAAL)
- akta.pro secondary industry
- Circular Economy & Resource Efficiency (BPADALAM)
Keywords
Where Pacific Economic Development Canada is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Pacific Economic Development Canada business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Federal Government Funding Programs: PacifiCan operates as a federal economic development agency that distributes government funding to support economic growth, innovation, and job creation in British Columbia. The agency does not generate commercial revenue but rather administers funding programs for BC businesses, institutions, and organizations.
Distribution channels1 record
Marketing channels2 records
Pacific Economic Development Canada product offering
Product offeringCore offering
Pacific Economic Development Canada (PacifiCan) is the federal regional economic development agency dedicated to British Columbia. It administers and distributes federal grant and contribution funding to BC-based businesses, research institutions, non-profits, and organizations to support economic growth, innovation, defence industrial capability, clean technology, critical minerals, manufacturing, food security, and tourism across the province. PacifiCan does not sell commercial products or services; it operates as a funding body deploying federal appropriations through targeted programs.
Product overview
Pacific Economic Development Canada (PacifiCan) is a federal economic development agency that provides funding, strategic investments, and support programs to businesses and organizations in British Columbia. Rather than offering a technology product or platform, PacifiCan functions as a government funding body that administers various investment initiatives including the Regional Tariff Response Initiative (RTRI), defence innovation programs, clean technology initiatives, and regional economic development projects. The agency does not offer a unified software product or platform with modular components, but rather delivers grant and contribution programs to support economic growth, innovation, and resilience across British Columbia communities.
Differentiator
Problem solved
Functional benefit
Products and services
- Regional Tariff Response Initiative (RTRI) Federal funding program administered by PacifiCan to help BC businesses in tariff-affected sectors (forestry, manufacturing) modernize, boost productivity, and strengthen supply chains.
- Defence Innovation Funding Program Federal funding program under Canada's first Defence Industrial Strategy supporting BC-based research institutions, universities, and industry organizations working on defence-related research infrastructure and workforce development.
- Vancouver Quantum Network (QVaN) Program Federal funding supporting the design, deployment, and scaling of a dual-use regional quantum communications network across fiber and satellite environments in BC, serving as foundational infrastructure for a pan-Canadian quantum network.
- Integrated Marketplace Initiative Federal funding initiative supporting BC clean technology startups testing dual-use (civilian and defence) clean technologies at the Port of Prince Rupert, including emissions data collection for port trucks, zero-emission autonomous vessels, and hydrogen fuelling infrastructure.
- Canadian Quantum Champions Program Federal funding program supporting quantum computing companies to accelerate fault-tolerant quantum computing and establish Canada as a global leader in quantum technology (PacifiCan participates as a regional funding partner).
- AI and Aerospace Technology Funding Program Federal funding supporting BC projects that advance AI and aerospace technologies supporting national security, including infrastructure development and new technology research at local institutions and companies.
- Western Canada Space-Enabled Industry Cluster Program Federal funding program to establish a Western Canada space-enabled industry cluster, strengthening local supply chains and supporting industries including clean energy, agriculture, defence, and robotics.
- Hedley Minerals Recovery and Restoration Program Federal funding program supporting critical minerals recovery and environmental restoration of historic mine waste dating to the 1890s, recovering cobalt, arsenic, and gold.
Quantifiable outcome
- 125,000 new jobs expected from Canada's Defence Industrial Strategy
- +5 more outcomes
Companies that use Pacific Economic Development Canada
Customer profileNamed customers17 records
Segments9 records
Ideal customer profiles3 records
Pacific Economic Development Canada technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pacific Economic Development Canada partnerships and signals
Strategic signalScale indicators15 records
Recent moves6 records
Expansion highlights6 records
Pacific Economic Development Canada competitors and assessment
Company assessmentRegional players
- Invest Alberta Corporation: Alberta's provincial economic development and investment attraction agency. Comparable to a province-level analogue of PacifiCan's mandate in BC, focused on attracting investment, supporting industry growth, and promoting economic diversification.
- Trade and Invest BC: BC's provincial crown agency for international trade and investment attraction. Operates within the same geography as PacifiCan but at the provincial level, with a complementary mandate focused on trade promotion and FDI attraction rather than grant funding.
Broad incumbents
- Business Development Bank of Canada (BDC): Federal Crown corporation providing financing and capital to Canadian SMEs. While PacifiCan funds through grants and contributions, BDC provides loans and equity, but both channel federal support to Canadian businesses, especially in under-served regions.
- Innovation, Science and Economic Development Canada (ISED): Parent federal department that oversees PacifiCan and the other regional development agencies. ISED sets national policy direction (including the Defence Industrial Strategy under which PacifiCan operates) and administers broader federal innovation programs that overlap with PacifiCan's mandate.
Direct peers
- Prairies Economic Development Canada (PrairiesCan): Sister federal regional development agency covering the Prairie provinces (Manitoba, Saskatchewan, Alberta). It is the most direct structural peer to PacifiCan, operating the same federal grant-and-contribution model with a regional mandate and reporting to ISED.
- Canadian Northern Economic Development Agency (CanNor): Federal regional development agency for the three northern territories (Yukon, NWT, Nunavut). Direct peer in institutional design, funding model, and role in delivering federal economic-development programs to a defined region.
- Canada Economic Development for Quebec Regions (CED-Q): Federal economic development agency dedicated to Quebec regions. Operates the same grant-and-contribution model as PacifiCan and is part of the same family of regional development agencies under ISED oversight.
- Federal Economic Development Initiative for Northern Ontario (FedNor): Federal regional economic-development program for Northern Ontario. Direct peer to PacifiCan in operating model, target recipients (SMEs, communities, not-for-profits), and federal appropriation funding.
- Federal Economic Development Agency for Southern Ontario (FedDev Ontario): Federal regional development agency serving Southern Ontario. It shares PacifiCan's mandate structure, funding programs, and reporting lines, and is one of the closest operational analogues given Ontario's industrial base.
- Atlantic Canada Opportunities Agency (ACOA): Long-standing federal regional development agency for the four Atlantic provinces. It is a direct peer in mandate, structure, and funding instruments, with a comparable role in distributing federal economic-development funding to regional recipients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
Pacific Economic Development Canada social profiles
Digital presencePacific Economic Development Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Economic Development Canada leadership team
Management profileNumber of profiles
Pacific Economic Development Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Economic Development Canada M&A and investment
M&A and investmentM&A
Investments214 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Economic Development Canada
What does Pacific Economic Development Canada do?
Pacific Economic Development Canada (PacifiCan) is the federal regional economic development agency dedicated to British Columbia. It administers and distributes federal grant and contribution funding to BC-based businesses, research institutions, non-profits, and organizations to support economic growth, innovation, defence industrial capability, clean technology, critical minerals, manufacturing, food security, and tourism across the province. PacifiCan does not sell commercial products or services; it operates as a funding body deploying federal appropriations through targeted programs.
Is Pacific Economic Development Canada a public or private company?
Pacific Economic Development Canada is a private company. It is classified as state government owned and is currently operating.
When was Pacific Economic Development Canada founded?
Pacific Economic Development Canada was founded in 2021. It employs 101 to 250 people.
Where is Pacific Economic Development Canada based?
Pacific Economic Development Canada is headquartered in Vancouver, Canada, in the North America region.
How does Pacific Economic Development Canada make money?
One revenue line is on record: federal Government Funding Programs.
Who are Pacific Economic Development Canada's main competitors?
Regional players on record are Invest Alberta Corporation and Trade and Invest BC. Broad incumbents are Business Development Bank of Canada (BDC) and Innovation, Science and Economic Development Canada (ISED). Direct peers are Prairies Economic Development Canada (PrairiesCan), Canadian Northern Economic Development Agency (CanNor), Canada Economic Development for Quebec Regions (CED-Q), Federal Economic Development Initiative for Northern Ontario (FedNor), Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and Atlantic Canada Opportunities Agency (ACOA).
Does Pacific Economic Development Canada have an API?
No public API is recorded for Pacific Economic Development Canada.
What industry is Pacific Economic Development Canada in?
Pacific Economic Development Canada's product category is Government Economic Development Funding. Its primary akta.pro industry code is BPAIAAAL, Trade, Industry & Economic Development Administration, with a secondary code of BPADALAM, Circular Economy & Resource Efficiency. Its NAICS code is 9261.