The Business Development Bank of Canada (BDC) announced at DEFSEC Atlantic on October 7, 2026, plans to expand partnerships aimed at assisting Canadian defense and dual-use technology firms. These collaborations include support from Vimy Forge, ACOA, and NBIF for a national defense technology accelerator launching in winter 2027, providing mentorship and connections to help companies scale and commercialize their innovations. Peter Dawe of BDC highlighted the initiative's goal of helping Canadian startups and SMEs move swiftly from concept to market adoption while strengthening the country’s defense industry capacity.
Written locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
The Business Development Bank of Canada (BDC) is expanding its network of partners to help Canadian defence and dual-use companies test their technologies, navigate procurement, reach customers and scale.
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companies → expand → customers
Announced today at DEFSEC Atlantic, the new and renewed partnerships connect entrepreneurs with specialized expertise, testing opportunities, investors and industry networks across Atlantic Canada, Quebec and Ontario.
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partnerships → announce → Canada
Combined with the financing, capital and advisory services offered through BDC’s $6 billion Defence Platform, these partnerships help companies move more quickly from innovation to commercialization.
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companies → combine → commercialization
“Canada has no shortage of defence innovation.
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Canada → have → innovation
The challenge is helping great technologies and products reach customers and scale,” said Peter Dawe, Senior Vice President, Defence Strategy, BDC.
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Dawe → help → customers
“Through these partnerships, we are helping entrepreneurs – whether they are bringing a new solution to market or scaling an established business – move faster, compete globally and strengthen Canada’s defence industrial capacity.
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they → help → capacity
”
Helping defence innovators move faster from concept to commercialization
To help address this need in Canada, BDC is partnering with Vimy Forge, alongside the Atlantic Canada Opportunities Agency (ACOA) and the New Brunswick Innovation Foundation (NBIF), to support the second cohort of Vimy Forge’s national defence technology accelerator, launching in Winter 2027.
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BDC → help → Winter
Through the initiative, Canadian defence and dual-use startups and SMEs would gain access to specialized mentorship, connections to defence stakeholders, investors and industry experts.
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startups → gain → stakeholders
Together, these resources are intended to support entrepreneurs as they validate their technologies, navigate procurement opportunities and scale their businesses.
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they → intend → businesses
“Canada has the talent and ingenuity to build globally competitive defence companies,” said Duncan McSporran, Managing Director, Vimy Forge.
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McSporran → have → companies
“What entrepreneurs often need is help bridging the gap between innovation and market adoption.
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need → need → innovation
With BDC joining us to support the second cohort of our national accelerator, we can help more Canadian companies access the expertise, connections and opportunities they need to commercialize, grow and contribute to Canada’s defence capacity.”
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they → join → capacity
“Canada’s defence innovators have the ideas and talent to compete globally,” said David Myles, Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and to the Secretary of State (Nature), and Member of Parliament for Fredericton—Oromocto.
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Myles → have → Fredericton
“By supporting Vimy Forge, we are helping innovative Canadian companies access the expertise, connections and opportunities they need to bring promising technologies to market, grow their businesses and compete.
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they → support → businesses
Working with partners like Vimy Forge, BDC and the Government of New Brunswick will help build a stronger defence innovation ecosystem and create new opportunities for companies here in Atlantic Canada and across the country.”
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Working → work → country
PS Myles spoke on behalf of the Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency.
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Myles → speak → Agency
Expanding access to expertise, networks and growth opportunities
BDC is also strengthening partnerships with organizations in Quebec and Ontario that support defence and dual-use companies at different stages of growth:
- Creative Destruction Lab (CDL): BDC is renewing its support for CDL’s Defence, Critical Minerals and Climate streams, while expanding its collaboration to CDL’s new Space stream.
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BDC → expand → stream
- Ontario Defence Association (ODA): Through BDC’s role as a founding member, companies can benefit from sector intelligence, executive networking opportunities and connections across Ontario’s defence and security ecosystem.
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companies → found → ecosystem
Entrepreneurs developing land defence and security solutions can benefit from specialized expertise, testing facilities and strategic partnerships that accelerate the development, validation and deployment of innovative technologies.
- Naval Quebec: Quebec shipbuilding SMEs will gain access to financing, advisory expertise and industry networks that support innovation, growth and long-term competitiveness in Canada’s marine and naval industries.
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that → develop → industries
Together, these partnerships complement BDC’s $6 billion Defence Platform and help Canadian companies access the resources, relationships and market opportunities they need to grow.
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they → complement → resources
By strengthening the pathways from innovation to market adoption, BDC is helping build Canada’s defence industrial capacity and long-term economic resilience.
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BDC → strengthen → capacity
BDC focuses on small- and medium-sized business owners, providing them financing, investment, and advice.
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BDC → focus → financing
As Canada’s development bank, we also support entrepreneurs who don’t fit the traditional mold working with a network of partners and help develop underserved markets to unlock economic potential.
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who → support → potential
Our mission is to build strong, resilient businesses that drive Canada’s economic growth.
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that → build → growth
BDC is a perennial Canada’s Top 100 Employer and B Corp certified.
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BDC → certify → ?
The Aporia
