Four innovative Greater Montreal high-tech businesses to expand opportunities with Government of Canada funding
News release
Canada Economic Development for Quebec Regions is providing over $450,000 in funding for Unito Inc., TrackTik Software Inc., Heyday Inc. and NeoSynergix Inc.
October 15, 2018 – Montreal, Quebec – Canada Economic Development for Quebec Regions (CED)
Quebec businesses need to innovate in order to grow and remain competitive. Investment in innovative businesses not only allows the businesses to grow their productivity, but also helps them boost their trade opportunities to create well-paying middle-class jobs.
As part of Small Business Week, today the Honourable Mary Ng, Minister of Small Business and Export Promotion, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced repayable contributions totalling $451,250 to four Greater Montreal high-tech businesses. TrackTik Software Inc., Heyday Inc., Unito Inc. and NeoSynergix Inc. will be able to count on financial assistance from Canada Economic Development for Quebec Regions to support their growth and apply their marketing strategies.
The financial assistance granted by the Government of Canada through CED’s Quebec Economic Development Program will help the recipient businesses to achieve their established objectives. Their respective projects will generate total spending of over $1.4 million and will result in the creation of approximately 10 new jobs in the Greater Montreal region.
Quotes
“I am thrilled with this support from the Government of Canada, which has chosen to focus on small businesses that want to grow, while helping large global players simplify their management and increase their efficiency. By supporting the ecosystem of small, creative businesses such as Unito, TrackTik Software, Heyday and NeoSynergix, we are helping to strengthen Canada’s innovation economy. The Government of Canada is committed to helping our small businesses open their doors, grow and capture new markets.”
The Honourable Mary Ng, Minister of Small Business and Export Promotion
“By supporting investment in productivity enhancement, business creation, community development and the pursuit of new markets, the Government of Canada is standing by its commitment to foster expansion and innovation and to grow exports.”
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
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Small businesses account for the vast majority of businesses in Canada—more than 98% per cent. They employ just under 70 percent of the private sector workforce (8 million Canadians).
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Our government is lowering the Small Business Tax Rate to 9 per cent in 2019, putting up to $7,500 back into Canadian small business owners’ pockets annually. This small business tax rate is the lowest of all G7 countries.
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To help small businesses find funding, advice and information, the Government launched Innovation Canada, a one-stop shop online destination for business owners.
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Small businesses account for almost 18% of Canadian goods exported.
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The Government is helping small businesses expand into new markets abroad—and reach over 1 billion new customers—by promoting export through the negotiation and implementation of free trade agreements. They include the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
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For more information on CED and its priorities, consult the 2018–2019 Departmental Plan 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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