Virtual Marine Technology Secures Funding For Growth

Posted by Stephen Christensen

Virtual Marine TechnologyVirtual Marine Technology started in 2005 as a student project at Memorial University in St. John’s, NF.  Since this time, it has gone through a number of changes, some previously covered by Techvibes, and is now ready for even more expansion.

With plans to further develop it’s business activities, Virtual Marine Technology has secured Provincial funding to the tune of $491,185.  Susan Sullivan, Newfoundland & Labrador’s Minister of Innovation, Trade and Rural Development is excited for the possibilities.  

“Globally, the volume of activity taking place on or beneath the ocean surface is expanding at an incredible rate.  With such activity, it is important for personnel to have access to technology where they can simulate marine environments in a safe and cost-effective environment.  The company has identified this requirement and is well-positioned to create awareness and ultimately sell its product to companies and organizations operating in the defence and oil and gas sectors, as well as others operating in marine environments.”

With over $1.5 million in funding from the provincial government thusfar, and the opening of a new satellite office in Victoria, BC, Virtual Marine Technology have proven to be a reliable investment with an exciting future ahead of them.

Company:
Virtual Marine Technology
Website:
http://www.vmtechnology.ca
Location:
St. John's, Newfoundland and Labrador, Canada

Virtual Marine Technology (VMT) develops simulators for survival craft, fast response craft and high speed electronic navigation training. VMT is partnered with Canada's leading maritime institutions to research, model and simulate small craft motion. Complementing our simulation expertise is a team of mariners with over 70 years of Coast Guard, teaching and regulatory experience. more


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Stephen Christensen

Stephen Christensen

Stephen is the Atlantic Canadian contributor for Techvibes.com; reporting Canadian technology news, with a focus on the Maritime provinces.  Having a deep-rooted interest in science and technology for much of his life, he is most interested in mobile technology and social media.  Having been published in various scientific journals, he is completing his Graduate Studies at Dalhousie University... more




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