Prime Minister Mark Carney's pledge to increase Canadian defence spending to two per cent of GDP could present considerable economic opportunities for Ottawa-based companies.

The multi-billion dollar commitment goes beyond reinvigorating Canada’s Armed Forces; the Prime Minister aims to use military spending to bolster industrial policy, extending into high-growth areas like AI, cybersecurity, quantum computing and R&D.

In this episode of Techopia Live, Ottawa Business Journal publisher Michael Curran speaks with Brian Kells, an associate lawyer with Perley-Robertson, Hill & McDougall LLP, who specializes in business law. Kells, who served in Canada’s infantry for nearly 15 years, including time in Afghanistan, reflects on the economic potential of new defence procurement and what entrepreneurs should consider when contemplating doing business with the military.

The podcast dissects the new defence policy and identifies the specific business openings created by this massive modernization effort. This is essential viewing for Ottawa entrepreneurs and tech leaders seeking to understand how their companies can capitalize on the biggest defence tech boom in Canadian history.

For more on Ottawa’s entrepreneurial and tech scene, visit https://obj.ca/techopia.

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