Backgrounder - An entrepreneurial support organization and three businesses in Québec City can continue to gain momentum
Backgrounder
December 19, 2017 – Québec City, Quebec – Canada Economic Development for Quebec Regions (CED)
A business creation and start-up support organization and three emerging enterprises can continue to gain momentum, explore new markets and harness new technologies thanks to financial support for projects that will generate total investments of more than $2.3 million in the area.
The contributions were announced today by Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Finance, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
The funding was awarded through CED’s Quebec Economic Development Program.
Promoter |
Contribution – Investments – Project description |
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Entrepreneuriat Laval Inc. (website in French only) |
Non-repayable contribution of $270,000 out of a total investment of $1,480,000 The project consists in supporting the creation and start-up of businesses on the Université Laval campus, with a focus on science, engineering and clean tech sectors. The main expenses covered by CED’s contribution include staff salaries to support customized business start-up services, operating costs, support for the validation of business projects and the coordination of entrepreneurial activities on the university campus. Since 1993, Entrepreneuriat Laval, a non-profit organization on the Université Laval campus, has been pursuing its mission of helping members of the university community develop their entrepreneurial skills to foster business start-ups. The organization provides businesses with such entrepreneurial services as assistance for pre-startup and pre-incubation, such as entrepreneurial diagnosis, business plan preparation, access to a network of experts and mentors, and specialized workshops. In 2015, Entrepreneuriat Laval was ranked No. 1 business accelerator in the world by UBI Global. |
Repayable contribution of $100,000 out of a total investment of $400,000 The project consists in starting an enterprise to commercialize a unique biopolymer production process based on fermented residues from the pulp and paper industry and resulting in a biodegradable product for use in the plastics industry. The main project expenses include pre-commercialization, R&D equipment and materials, and administrative costs. CED’s assistance will go toward commercial activities and R&D expenses that are not eligible under other government programs. Founded in November 2016, Bosk Bioproducts Inc. is a technology company that is implementing a technological platform for the production of its bioplastic in the Québec city area. |
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Repayable contribution of $50,000 out of a total investment of $210,000 The project involves the international commercialization of high-tech organic semi-conductors for the flexible electronics market. The main activities to be undertaken at the start-up phase include the development of new products and the implementation of a commercial strategy. CED’s contribution will go toward the hiring of a sales and marketing resource and participation in trade fairs. Founded in February 2016, Brilliant Matters Organic Electronics Inc. is an innovative start-up that designs, manufactures and commercializes organic semi-conductors used in the production of flexible electronic products, such as organic light-emitting diode (OLED) displays for televisions, flexible photovoltaic cells and printed electronic circuits. |
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Repayable contribution of $69,450 out of a total investment of $225,000 The project involves starting up a value-added service company that uses new technologies and consists in acquiring equipment to enhance its service offering, develop an innovative industry monitoring service and implement a commercialization strategy in the Canadian market. CED’s contribution will go toward acquiring equipment (drones and specialized cameras), rolling out a marketing strategy (promotional materials, advertising placements, prospecting travel, participation in trade shows, etc.) and hiring a new resource. Established on February 11, 2016, Génidrone Inc. specializes in the acquisition, processing and analysis of aerial data to identify and quantify temporal changes in a landscape’s physical and anthropogenic elements, such as shoreline erosion or warping in sections of a building façade. |
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