July 11, 2017
Province Enters into Agreement-in-Principle to Support Accelerated Growth Company
The Honourable Dwight Ball, Premier of Newfoundland and Labrador, today announced a partnership between the Provincial Government and Bluedrop Performance Learning; a high growth, innovative firm based in Atlantic Canada and competing globally. This partnership is consistent with the Provincial Governmentï¿½s new broader partnership with the technology sector through the Cabinet Committee on Jobs to grow and develop economic activity, and employment opportunities as part of The Way Forward.
The Provincial Government has agreed to enter into an agreement-in-principle with Bluedrop Performance Learning to pilot SkillsPass ï¿½ its innovative workforce technology - that will be uniquely branded in the province. While still in the planning stages, the possible four-year project could result in the creation of 50 jobs in Atlantic Canada.
The SkillsPass technology can be adopted by any government department to facilitate online skills delivery to workers and businesses across Atlantic Canada. The technology will further empower workers and employers to manage, track and validate current credentials on demand, in one place, and share with employers.
By investing in this project the Government of Newfoundland and Labrador would be supporting the efforts of Bluedrop to represent Atlantic Canada as a centre of excellence in workforce technology. The company currently employs 180 people, with over 90 per cent of employees located in Atlantic Canada.
In Newfoundland and Labrador, the project will build on the lifelong learning profile in the SmartForceNL program utilized by the Department of Advanced Education, Skills and Labour, and could expand to all government departments.
In February, Bluedrop Performance Learning announced that it had received a repayable investment of $3 million from the Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA). The funding allows the company to capitalize on existing market opportunities and develop new markets for Bluedropï¿½s computer-based simulation, training and eLearning solutions. This investment is enabling Bluedrop to pursue and take on new markets, new larger scale projects, and continue with its investment in world class technology developments from its base in Atlantic Canada.
Bluedrop is one of 39 Atlantic Canadian firms currently participating in the Accelerated Growth Service. Launched in 2016 as part of the Government of Canadaï¿½s Innovation and Skills Plan, the initiative coordinates government support for high growth firms in areas such as financing solutions, advisory services, and export and innovation support from existing programming.
This project also builds on the Government of Canadaï¿½s and Provincial Governmentï¿½s commitment to drive economic growth in Atlantic Canada through the Atlantic Growth Strategy.
Bluedrop Performance Learning Inc. (TSX-V: BPL) is an innovator in both the development of workplace e-learning and simulation as well as the way large organizations deliver, track and manage training. Its two divisions serve the worldï¿½s leading aerospace and defence organizations as well as broad cross sections of organizations focused on managing system wide health and safety and developing the skills of external workforces. Bluedrop is creating the workforce of the future by improving the effectiveness, speed and costs of training delivery and management.
Bluedrop is headquartered in St. Johnï¿½s and has offices in Halifax, Nova Scotia, and Fredericton, New Brunswick. Its clients include a variety of government and commercial customers. It is focused on rapidly building its recurring revenue streams by adding larger scale clients to multiyear programs. The companyï¿½s technology platforms already serve over 250,000 users in over 100 countries across the globe.
ï¿½Our government is pleased to enter into an agreement-in-principle with Bluedrop and demonstrates our commitment to supporting innovation and innovative companies in the province. This current project would see the creation of up to 50 additional jobs in Atlantic Canada and is an excellent example of provinces working together as part of the Atlantic Growth Strategy to grow firms in Atlantic Canada. Bluedrop has the potential to become an anchor tenant in the regionï¿½s Atlantic Canadian technology cluster by exporting workforce technologies and solutions that are unique in the world.ï¿½
Honourable Dwight Ball
Premier of Newfoundland and Labrador
ï¿½The Government of Canada recognizes that high growth companies like Bluedrop Performance Learning are key drivers of Canadaï¿½s economic growth and long-term prosperity. Through our Innovation and Skills Plan and the dedicated support available under the Accelerated Growth Service, we are focussed on strengthening the middle class, creating jobs and driving innovation here in Atlantic Canada.ï¿½
Honourable Navdeep Bains
Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
ï¿½It is remarkable that we have over 100,000 users with over 100,000 course completions being managed on Bluedrop's platform in all four Atlantic Provinces. I am pleased to see Premier Ball take strong leadership to bring this solution to the next stage. The SkillsPass workers passport technology will make our region the global leaders in lifelong skills management and upskilling. As we continue to innovate in partnership with the province, we will create many jobs as we sell these solutions around the world.ï¿½
Founder and CEO, Bluedrop Performance Inc.
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Bluedrop Performance Learning ï¿½ www.bluedrop.com