Financial support for four thriving young businesses in the Québec City area
News release
Government of Canada awards more than $560,000 in financial assistance to Virtual Construction & Technology BIM One, Nuutok Entreprise, inbe™ and Amotus Solutions
May 16, 2018 – Québec City, Quebec – Canada Economic Development for Quebec Regions (CED)
Businesses need to be able to rely on adequate resources to create and commercialize innovative products. In 2017, the Government of Canada adopted an ambitious plan to support innovative Canadian enterprises. As a true economic driver, innovation is the key to Canada’s success in that it generates growth that benefits businesses and communities.
Four businesses in the information and communications technology (ICT) sector, Virtual Construction & Technology BIM One Inc., Nuutok Entreprise Inc., 9288-3537 Québec Inc. (inbe™) and Amotus Solutions Inc. were able to count on $563,000 in financial assistance from the Government of Canada to start up their activities or extend the commercialization of their solutions across Canada and abroad. These projects will generate total investments estimated at more than $1.7M and create 31 skilled, well-paying jobs in the area.
The repayable contributions were announced today by Joël Lightbound, Member of Parliament for Louis‑Hébert and Parliamentary Secretary to the Minister of Finance, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
The funding granted by the Government of Canada through CED’s Quebec Economic Development Program will help the recipient businesses achieve their growth objectives.
Quotes
“The information and communications technology sector plays a key role in the economic development of the Capitale-Nationale region. I am therefore very pleased about the Government of Canada’s support for these young innovative businesses, which I see working very hard to meet their ambitious business goals.”
Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Finance
“As Minister of Innovation, Science and Economic Development, my goal is to help enterprises grow and innovate so that they can become more competitive and create high-quality jobs and wealth for Canadians. That is why we are supporting these four creative, dynamic enterprises that are contributing to the economic vitality of the region and the Canadian economy overall.”
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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Budget 2018 proposes to provide an additional $511 million in funding over five years on a cash basis, starting in 2018–2019, for the regional development agencies to support the Innovation and Skills Plan across all regions of Canada.
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Of the $511 million, $99 million will be allocated to CED, of which $22 million will go toward supporting the new Women Entrepreneurship Strategy.
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Contacts
Media Relations
Canada Economic Development for Quebec Regions
Tel.: 514-283-7443
Email: dec.media.ced@canada.ca
Stay connected
- Follow CED on Twitter, LinkedIn, YouTube
- Follow BIM One on Facebook, LinkedIn, Twitter, YouTube
- Follow Nuutok on Facebook, LinkedIn, Twitter,
- Follow inbe™ on Facebook, Instagram Twitter, LinkedIn,
- Follow Amotus Solutions on Facebook, LinkedIn, Twitter, YouTube
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