Le Lézard
Classified in: Business
Subjects: ECO, CFG

The Government of Canada invests in the growth of seven innovative Québec-based businesses

Ai?Genetika (BioTwin), Devoray, Femtum, LumIR Lasers, SIMCO Technologies, Medscint and Hector will receive over $1.5M from CED.

QUÉBEC, Oct. 11, 2022 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

Supporting innovation and growth contributes to the economic development of the regions of Quebec. That is why the Honourable Jean-Yves Duclos, Member of Parliament for Québec and Minister of Health, today announced, on behalf of the Honourable Pascale St?Onge, Minister of Sport and Minister responsible for CED, a total of $1,575,000 in repayable financial contributions for seven Québec-region businesses operating in various sectors.

This CED funding will allow them to innovate, increase their production or implement their marketing strategies. Additional information about the seven projects can be found in the related backgrounder.

The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec's economic recovery relies on organizations with deep roots in the regional economy. Innovation is a major contributor to growth and a key asset in rebuilding a stronger, more resilient, greener and more just economy for all.


"Innovation is one of our government's key priorities and we proudly support business growth. By supporting these seven innovative projects, we are investing in the know-how of our entrepreneurs who contribute to the development and commercialization of new technologies. And in helping them adequately equip themselves, we are all working together to rebuild an economy that will be stronger and more resilient and sustainable."

The Honourable Jean-Yves Duclos, Member of Parliament for Québec and Minister of Health

"Helping businesses grow and innovate is one of our key priorities. That is why we are supporting businesses such as BioTwin, Devoray, Femtum, LumIR Lasers, SIMCO Technologies, Medscint and Hector. The success of these seven Québec businesses reflects not only on the region, but on the Canadian economy as a whole. More than ever, we are there to support Quebec and Canadian workers and SMEs."

The Honourable Pascale St-Onge, Member of Parliament for Brome?Missisquoi, Minister of Sport and Minister responsible for CED

Quick facts
Associated links
Stay connected

Follow CED on social media
Consult CED's news

SOURCE Canada Economic Development for Quebec Regions

These press releases may also interest you

at 00:00
FIS Privatbank is a private bank that operates for about 30 years in Luxembourg, one of the main banking jurisdictions in Europe. Its expertise comprises the activities of wealth management, asset management and financing. Main clients are high net...

at 00:00
Oakbrook Solutions, a leading consulting and services firm for the Wealth Management industry, announced that they have launched a new consulting service offering entitled "Jumpstart". This service assists clients desiring to gain control and...

23 mar 2023
In 2022, the number of new technology-based enterprises in Xixian New Area was 1.8 times that of last year, of which the number of new enterprises developed based on sci-tech achievements was 2.5 times that of 2021. The new area identified 490...

23 mar 2023
AM Resources Corporation ("AM" or the "Corporation") is pleased to announce the full revocation of the cease trade order (the "CTO") by the Autorité des marchés financiers (the "AMF") and the reinstatement of its common shares for trading on the...

23 mar 2023
In solidarity with earthquake-hit countries Türkiye and Syria, SM Foundation Inc. (SMFI) of the SM Group, sent aid through the Philippine Red Cross (PRC) last Feb. 27, 2023. Represented by SM Foundation Health and Medical Programs Executive Director...

23 mar 2023
TELUS announced today it has priced $500 million of senior unsecured notes with a 10-year maturity. The notes are offered through a syndicate of agents led by BMO Capital Markets, Scotiabank and TD Securities Inc. Closing of the offering is expected...

News published on 11 october 2022 at 09:30 and distributed by: