Laval business receives $200,000 in financial assistance from CED.
Laval – Supporting growth through innovation contributes to economic development in Quebec’s regions. That is why Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, today announced a repayable contribution of $200,000 for RNA Technologies & Therapeutics Inc. (RNA T&T). This CED support has enabled the business to acquire automated equipment to improve its productivity and increase its production capacity.
Founded in July 2022, RNA T&T is an innovative business specializing in the design, production, and purification of intermediate carrier molecules called messenger RNAs (mRNAs). The business, incubated in the Quebec Biotechnology Innovation Centre (CQIB), produces and sells intermediate mRNA molecules in small and large quantities, in addition to implementing a research program for its clients to develop new therapies, obtain regulatory approvals for them, and ensure intellectual property protection. The group consists of experts in the RNA field with combined experience totalling over three decades in in vitro transcription (IVT) therapeutic RNA synthesis.
The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec’s economic vitality relies on organizations with strong roots in the regional economy. They are major contributors to growth, as well as key assets in rebuilding a stronger, more resilient, greener, and more just economy for all.
“Our government is committed to investing to ensure our SMEs remain competitive and innovative. Thanks to CED’s support, RNA T&T has been able to acquire and install automated production equipment to implement its project. We are here to assist workers and Quebec and Canadian SMEs, by helping them equip themselves well so that, together, we can build a stronger, more resilient, more sustainable economy.” – Annie Koutrakis, MP for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED