An entrepreneurial support organization and three businesses in Québec City can continue to gain momentum
News Release
Government of Canada grants nearly $500,000 to Entrepreneuriat Laval, Brilliant Matters Organic Electronics, Bosk Bioproducts and Génidrone
December 19, 2017 – Québec City, Quebec – Canada Economic Development for Quebec Regions (CED)
In 2017, the Government of Canada made a commitment to stimulate innovation in order to increase the productivity and long-term competitiveness of Canadian enterprises. The goal of the Innovation and Skills Plan is to get meaningful results for Canadians and to help businesses prosper through technology. As a true economic driver, innovation is the key to success in that it generates growth that benefits businesses and communities.
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.
Entrepreneuriat Laval Inc. (website in French only), a non-profit organization, received a non-repayable contribution of $270,000, while Génidrone Inc., Brilliant Matters Organic Electronics and Bosk Bioproducts have been awarded repayable contributions totalling $219,450. These projects will also generate seven permanent jobs in the area.
The funding awarded through CED’s Quebec Economic Development Program (QEDP) will be used to implement commercialization strategies and carry out expansion projects.
Quotes
“I am proud to announce the Government of Canada’s financial support for Entrepreneuriat Laval and three start-ups in Québec City which stand out because of their dynamism, boldness and innovation. The contributions will help them continue to develop and generate economic growth in the area.”
Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Finance
“In line with our commitment to grow the Canadian economy, the Government of Canada’s goal is to provide better support for businesses that want to prosper through innovation and the adoption of new technologies. The projects announced today are definitely contributing to that goal.”
The Honourable Navdeep Bains, Minister responsible for CED
Quick Facts
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CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
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For more information on CED’s key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.
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Contacts
Media Relations
Canada Economic Development for Quebec Regions
514-283-7443
dec.media.ced@canada.ca
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