Backgrounder: CED investments supporting young entrepreneurs across Quebec

Backgrounder

Montréal, Quebec, July 15, 2020 Canada Economic Development for Quebec Regions (CED)

The following information is in addition to the news release issued on July 15, 2020, on CED’s financial assistance for youth entrepreneurship across Quebec.

Increased opportunities for young people who are interested in developing entrepreneurial skills is critical to building a strong, diverse, inclusive and innovative economy in Quebec. That is why the Government of Canada, through CED, supports young entrepreneurs on an ongoing basis, as demonstrated by today's announcement totaling more than $3.1 million in funding. Among other things, this funding will ensure that young Quebecers have the tools and resources they need to play an active role in the recovery, rebuilding and revitalization of regional economies.

COVID-19 and related public health and travel restrictions are severely impacting private businesses and the organizations that support them. The Government of Canada continues to work with small business owners, communities and business organizations to help throughout the pandemic as they adapt their strategies and activities to address COVID-19 realities.

Summary

  • 14 organizations and businesses supported by CED
  • $3,145,120 in financial contributions from CED

Details

Recipient Region Project objective Main activities funded by CED CED's ontribution*

Youth Employment Services Foundation

Montréal

Deliver the Entrepreneurship Program (E-Ship Program) consisting of business coaching, mentorship, workshops and networking and events

Salaries and overhead expenses needed to deliver the E-Ship Program

$1,215,000

(non repayable)

Fondation de l'entrepreneurship

Montréal (interregional project)

Deliver Réseau M’s activities, a mentoring service mobilizing partners and entrepreneurs throughout the regions of Quebec to stimulate entrepreneurial dynamism

Salaries for carrying out any activity related to the coordination and monitoring of Réseau M

$ 690,000

(non repayable)

Accélérateur de création d'entreprises technologiques (ACET)

Estrie and Montérégie

Support the creation and start-up of innovative businesses through customized assistance to ensure their development and financing

Professional fees for coaches who accompany the SMEs, the salary of the investment and financing director, as well as the costs of maintaining the website and translation costs

$293,500

(non repayable)

Structures Première

Abitibi-Témiscamingue

Improve production capacity and productivity

Acquisition and integration of a digital control laser system, as well as the acquisition of specialized accessories and tools required for its installation and use

$62,000

(repayable)

Usinage mobile Lambert

Bas-Saint-Laurent

Improve production capacity and productivity

Acquisition and installation of a digital control machining lathe, as well as the acquisition of the tools required for its installation and use

$68,515

(repayable)

OSM Atlantic Inc.

Îles-de-la-Madeleine

Ensure expansion and improve productivity

Acquisition and installation of an ultrasound basin

$21,980

(repayable)

Wastack

(9943129 Canada Inc.)

Montréal

Commercialize innovative automated bird scaring products from Lockbird, a technology start‑up

Expenses related to participation in trade shows, prospecting trips to the United States, Europe and Mexico, development of promotional materials, purchase of advertising, filing of patents and hiring of a sales resource

$49,425

(repayable)

Contenants CANO inc.

Montréal

Implement an international marketing strategy for its innovative reusable food container management solution

Expenses related to participation in trade shows and business meetings in the United States and Europe, development of a mobile application to accelerate market penetration, website updates, promotional activities and the hiring of a marketing manager

$50,000

(repayable)

Merinio inc.

Montréal

International commercialization of a workforce management software application

Costs of marketing activities in international markets: participation in trade shows in the United States; development of promotional materials; hiring of consultants for professional services directly related to the strategy; and hiring of a market development specialist

$50,000

(repayable)

Ora Graphene Audio Inc.

Montréal

Implement a small-scale manufacturing process for a start-up company by acquiring and installing production equipment to be used to produce Ora's GrapheneQ membrane

Acquisition of production equipment, such as steel and aluminum pressure chambers, a mould, an axis fiber laser with optical alignment system and various materials

$50,000

(repayable)

Vinctus Technologies Inc. (ShuttleControl)

Montréal

Commercialize in the United States and in Europe the ShuttleControl software solution for managing shuttle operations  

Hiring of sales resources, participation in trade shows, travel expenses, development of promotional material and redesign of the website

$50,000

(repayable)

FZ Inc.

Montérégie

Expand production capacity and enhance competitivenes

Purchase of production equipment such as postprocessing finishing machines and a fume hood

$100,000

(repayable)

MuraLuxe inc.

Mauricie

Ensure the company's start-up and growth with the acquisition of digital production equipment, computer equipment, office furniture and rolling stock, as well as trademark registration and the completion of leasehold improvements

Acquisition of digital production equipment, including an industrial printer and a wall saw, as well as a forklift truck

$137,550

(repayable)

Le Camping du Domaine Lausanne inc. (website in French only)

Laurentides

Improve productivity and ensure expansion by adding 67 new glamping sites and developing new services and activities

Acquisition of structures and materials for the installation of cabins and ready-to-camp tents, as well as costs related to land development and the installation of electricity and water to serve these new sites

$307,150

(repayable)

* The types of CED funding are repayable contributions, non-repayable contributions and grants.

Information

Media Relations, CED
dec.media.ced@canada.ca

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