More than $1,7 million dollar to five highly innovative Québec companies
Backgrounder
February 28, 2017 – Québec City (Quebec) – Canada Economic Development for Quebec Regions (CED)
Up to 38 new jobs in innovative businesses will be created as the result of a $1.7 million dollar federal investment which will prepare Quebecers working in that sector for the jobs of the future.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), welcomed this investment during his visit in the region.
The funding is awarded under the Quebec Economic Development Program (QEDP).
Promoter |
Contribution — Investment – Project Description |
|
|
Repayable contribution of $700,000 out a total investment of $1,985,000 Established in 2009, Eddyfi is a technological SME that specializes in designing, producing and marketing non-destructive testing equipment.
The project aims to implement a growth strategy for the company based on improving productivity, marketing new products and developing new markets.
Among other things, the company will acquire 5-axis-machining and production-tooling centres in order to incorporate its operations into those of companies recently acquired.
The project is expected to create 10 jobs.
|
|
|
Repayable contribution of $500,000 out of a total investment of $2,230,000 Founded in 1992, Optel Vision is an innovative company that designs, manufactures and markets inspection and serialization systems for the product packaging and wrapping lines of companies primarily in the pharmaceutical, nutraceutical and cosmetics fields.
The project aims to support Optel Vision’s growth through purchasing equipment intended to increase its productivity and developing the Brazilian market. Hiring human resources for developing that market is also planned, as well as the professional fees for, among other things, optimizing operational processes. Marketing activities are also planned.
The project is expected to create 15 jobs. |
|
|
Repayable contribution of $250,000 out of a total investment of $920,000 Founded in 2011, IngeniArts Technologies is a start-up SME in the clean technologies sector specializing in energy storage for electric vehicles.
The project aims to carry out a set of activities for developing and marketing a smart system for electrical energy storage, a 4.0 battery. It is a UGOWORK (www.ugowork.com) system geared to the lift truck market.
The project’s main activities are manufacturing demonstration units that are needed for testing the product in different environments and carrying out marketing activities such as a video capsule, brochure, Internet site and prospecting. Product certification for meeting the regulatory standards is also planned.
The project is expected to create 1 job.
|
|
|
Repayable contribution of $150,000 out of a total investment of $400,000 Founded in 2010, Laserax specializes in developing and marketing industrial laser marking systems that enable metal producers and fabricators to have infallible traceability for their metal products.
The project is expected to create 1 job.
|
|
|
Repayable contribution of $125,000 out of a total investment of $250,000 Established in January 2016, Dizal is a start-up SME that specializes in designing, manufacturing and marketing high-end siding for the residential, commercial, industrial and institutional sectors. The exclusive process incorporates a new high-speed digital printing technology that reproduces textures like wood, brick and marble.
The project aims to implement a marketing plan in Canada and the United States. The activities planned mainly include updating the website, placing advertisements, creating promotion materials, entering trade fairs and hiring a resource dedicated to sales and marketing.
The project is expected to create 11 jobs. |
| In summary | Total number of projects: 5 CED’s contributions: $1,725,000 Investments generated by these projects: $5,785,000 Jobs that should be created: 38 |