February 8, 2019 – Halifax, NS – Atlantic Canada Opportunities Agency
Innovation spurs Atlantic Canada’s economic growth by helping globally competitive firms expand their markets and create more high-value jobs, strengthening the middle class and those seeking to join it. Driven to bring its unique sports science audience to high-performance athletes in new markets, Kinduct Technologies Inc. is gearing up to take advantage of growth opportunities in the Asian Pacific region.
The world-leading data and analytics software provider’s popular Athlete Intelligence System (AIS) platform allows human performance and health organizations to spend less time managing their data and more time using it to inform decisions, promote constant improvement and produce exceptional results. Using a targeted marketing campaign, trade shows and product demonstrations to highlight the technology’s full capabilities, the company is working to capitalize on active opportunities in maturing markets in Japan, China, Singapore, Australia and the Philippines.
Today, Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and
Member of Parliament for Halifax, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced Government of Canada support to help Kinduct further expand its product into international markets.
This investment builds on commitments made by the Government of Canada and the four Atlantic Provinces to drive economic growth in the region through the Atlantic Growth Strategy, which supports strategic investments in initiatives that build on the region’s competitive advantages, such as its strong export potential, growing innovation network and skilled workforce.
“Canada is home to world-class companies that are conducting frontline research that strengthens the relationship between our country’s businesses and global markets. This strategic investment will continue to bring innovative ideas to the rapidly evolving global marketplace, which will translate into new growth opportunities, ensuring the Atlantic Canadian economy remains on the leading edge.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Kinduct Technologies Inc. is a prime example of an innovative company that has leveraged its technological capabilities to expand its export potential through new international growth opportunities. This project helps illustrate the culture of innovation and entrepreneurship necessary to create the right conditions for economic growth.”
– Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and Member of Parliament for Halifax
“Our growing list of new and long term loyal clients proves how beneficial our platform is to teams, leagues and sport organizations. This momentum makes me confident in our decision to expand our capabilities to serve and support more clients outside of North America. Our platform appeals to the needs of all high performance organizations and those organizations exist globally. This expansion would not be possible without the support of the Government of Canada through the ACOA Business Development Program.”
– Frank McKinnon,VP, APAC of Kinduct
Kinduct Technologies Inc. received a $467,149 repayable contribution through ACOA’s Business Development Program (BDP).
The company was established in 2010, and is led by its chief executive officer and founder Dr. Travis McDonough. In addition to being used by sports teams to improve athlete performance, the platform has also been utilized in military and health settings.
More than 350 professional and elite sports teams across North America have adopted Kinduct’s AIS platform to date.
Kinduct currently employs 58 people, and as a result of this project will hire an additional four workers, including a business development lead and three client support positions.
The BDP primarily assists Atlantic Canadian entrepreneurs who want to start a business, increase productivity or improve operations. Investments under the BDP address any gap that may arise if an application does not fit within ACOA’s Regional Economic Growth through Innovation (REGI) program
The Business Development Program continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.