Backgrounder: Government of Canada supports 12 Montréal organizations to grow and diversify regional economy

Backgrounder

Montréal, Quebec, March 3, 2025Canada Economic Development for Quebec Regions (CED)

The following information is in addition to the news release issued on March 3, 2025, on CED’s financial assistance, the recipient businesses and organizations, and their respective projects.

Summary

Details

Funding recipient Project description Main activities funded by CED CED’s contribution Total project cost

World Trade Centre Montréal Inc.

Offering a range of specialized advisory and guidance services for businesses in Montréal’s downtown and southwest sectors by supporting their efforts to develop and diversify export markets. Maintaining the range of services in the region by implementing collective projects fostering inter-regional coherence and maximizing spin-offs across Quebec.

CED’s assistance, over three years (2024-2027), will focus on the cost of fulfilling the following mandates:
1) Regional export promotion service; and
2) An enhanced range of export services (collective projects).

The support for the World Trade Centre Montréal was included in an announcement on January 30, 2025 on an investment of over $19M to assist ORPEX organizations.

$2,779,239

(non-repayable)

$6,639,552

Maxa AI Inc.

Implementing an international marketing strategy to increase Maxa AI’s competitiveness.

CED’s assistance will focus on the use of professional services for international marketing, the hiring of new marketing and sales resources, a website upgrade, participation in trade fairs, and exploratory activities.

$500,000

(repayable)

$2,500,000

Glycovax Pharma Inc.

Implementing an international marketing strategy.

CED’s support will focus on the completion of a market study, the hiring of new resources to develop international business and partnerships, various promotional, marketing and commercialization fees, and professional fees.

$250,000

(repayable)

$955,000

Success‌Finder Inc.

Implementing an international marketing strategy for the digital platform developed by Success‌Finder.

CED’s assistance will cover a portion of the marketing strategy costs, including the hiring of two trade resources, expenses related to participation in trade fairs, and online marketing costs.

$200,000

(repayable)

$1,275,000

Axya Inc.

Implementing an international marketing strategy for the digital platform developed by Axya.

CED’s assistance will focus on overall project activities.

$200,000

(repayable)

$930,000

DeepSight Réalité Augmentée Inc.

Marketing in the U.S. of products from DeepSight Réalité Augmentée, a start-up specializing in augmented reality solutions.

CED’s assistance will focus on overall project activities and costs.

$100,000

(repayable)

$301,000

Quantolio Financial Technologies Inc.

Marketing Quantolio Insights on international markets.

CED’s assistance will cover a portion of the marketing strategy costs, including the hiring of a sales resource, travel costs to meet with potential new clients, and marketing costs.

$100,000

(repayable)

$300,000

Aeponyx Enterprises Inc.

International marketing of products developed by Aeponyx.

CED’s assistance will focus on the hiring of marketing resources, participation in trade events, and implementation of a targeted advertising campaign.

$100,000

(repayable)

$215,870

Flexter Inc.

Implementing a marketing strategy for Flexter’s digital platform on international markets.

CED’s assistance will focus on the hiring of a sales director, and a portion of the advertising campaign.

$50,000

(repayable)

$461,417

Geodar Inc.

Increasing a start-up’s production capacity by acquiring equipment that will also be used for test benching and as a technology showcase.

CED’s assistance will focus on overall project costs, including to acquire an excavator needed to calibrate and demonstrate its products.

$50,000

(repayable)

$136,400

AI Into Inc.

Implementing an international marketing strategy for the software developed by AI Into.

CED’s assistance will focus on the use of professional services for international marketing and the business’s participation in trade fairs and exploratory visits.

$50,000

(repayable)

$100,000

Tokidos (9427-5906 Québec inc.)

Implementing an international marketing strategy for the screen-free educational technology products developed by Tokidos.

CED’s assistance will focus on the use of professional services for international marketing and the business’s participation in trade fairs and exploratory visits.

$50,000

(repayable)

$100,000

Information

Media Relations, CED
media@dec-ced.gc.ca

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