Quebec – Supporting business 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 $975,000 for WattByWatt. This CED support will enable the start-up to increase its production capacity.
Created in September 2020, WattByWatt is an innovative business specializing in the production of renewable energy technology solutions. It has developed synthetic perovskite modules whose photovoltaic capacity makes it possible to convert solar and artificial light into electrical energy to recharge or power batteries such as those in electronic devices and smart card readers. The modules function indoors and outdoors and are more efficient and less costly to produce than traditional silicon-based solar cells.
CED’s support will enable the start-up to acquire automated production equipment and develop the capacity to produce at a large scale with more stable manufacturing processes, while also expanding its range of products.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy.
Picture courtesy: Institut National de la Recherche Scientifique (INRS)