Doric Lenses, Développement Solugen, Squeeze Studio Animation, Gentec Electro-Optics and Devoray will be able to step up their innovation and marketing activities

From: Canada Economic Development for Quebec Regions

News release

The Government of Canada awards a total of almost $1.2M in funding to five Québec businesses

December 18, 2017 – Québec, Quebec – Canada Economic Development for Quebec Regions (CED)

Doric Lenses Inc., Développement Solugen Inc., Squeeze Studio Animation Inc., Gentec Electro-Optics Inc. and Devoray will be able to pursue their growth with the help of a total of $1,175,000 in repayable contributions from Canada Economic Development for Quebec Regions. This financial assistance will allow the five businesses to diversify their markets by acquiring specialized equipment and carrying out marketing activities.

The funding was announced today by the Honourable Jean-Yves Duclos, Member of Parliament for Québec and Minister of Families, Children and Social Development. The funding granted by the Government of Canada under CED’s Quebec Economic Development Program will allow the recipient businesses to achieve their established objectives. Their respective projects will generate total spending of over $2.8M and will lead to the creation of 14 jobs in Québec.

The Government of Canada is committed to establishing close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness so that they can contribute to the economic vitality of the regions, the creation of good-quality jobs and the improvement of citizens’ quality of life.

Quotes

“By helping businesses invest in equipment and devices that will enhance their performance, and by promoting product marketing and market development projects, the Government of Canada is meeting its commitment to foster expansion, innovation and exports. I am also delighted to know that these projects will help create 14 high-quality jobs right here in Québec.”

The Honourable Jean-Yves Duclos, MP for Québec and Minister of Families, Children and Social Development

“The Government of Canada is standing by its commitments and is helping businesses that pursue innovation to expand and export their products and services so they can create good-quality jobs, thus ensuring the prosperity of the Canadian economy.”

The Honourable Navdeep Bains, Minister responsible for CED

Quick facts

  • Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the five other regional development agencies.

  • To find out more about CED and its priorities, see the 2018–2019 Departmental Plan or visit www.dec‑ced.gc.ca.

  • This year marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec’s regions and businesses.

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Contacts

Media Relations
Canada Economic Development for Quebec Regions
Tel.: 514-283-7443
Email: dec.media.ced@canada.ca

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2018-12-20