Backgrounder: Government of Canada supports 12 Montréal organizations to grow and diversify regional economy
Backgrounder
Montréal, Quebec, March 3, 2025 – Canada 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
- 12 projects supported by CED
- $4,379,239 in CED financial contributions, provided under the Regional Economic Growth through Innovation (REGI) program
- $13,914,239 in total investments generated
Details
Funding recipient | Project description | Main activities funded by CED | CED’s contribution | Total project cost |
---|---|---|---|---|
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: 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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
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 |
|
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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