Montréal – Supporting organizations, including business incubators and accelerators, play a key role in creating and developing innovative start-ups in Quebec. They assist these businesses through all stages of their development and act as drivers of innovation enabling them to generate concrete economic impacts across Quebec.
Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, today announced $16M in non-repayable contributions for 13 organizations selected following a call for proposals.
CED is thereby renewing its funding approach to ensure the success of start-ups in Quebec’s different regions, whether they be in technology or the result of efforts to innovate, including impact businesses. To better meet the needs of these Quebec start-ups, 2 Degrés, ACET (Accélérateur de création d’entreprises technologiques), CEIM (Centre d’entreprises et d’innovation de Montréal), Centech, CQIB (Quebec Biotechnology Innovation Centre), CTS – Catalyseur technologie santé, Cycle Momentum, Espace-Inc, Esplanade Québec, LE CAMP, MT Lab, Québec Tech and Zú will receive funding from CED.
By boosting these Quebec organizations offering incubation and acceleration services, CED aims to maximize the scope of its support by fostering concrete impacts in all regions, including by strengthening networking in the ecosystem and by improving access to services for innovative businesses starting up across Quebec. The chosen organizations have also committed to working with other regional players to meet local needs.
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.
“Our government has always been committed to boosting regional economic development through innovation. That is why I am delighted with this new support from CED for 13 Quebec organizations offering incubation and acceleration services. Initiatives such as this one generate major economic spin-offs in the different regions and have a direct impact on communities, while also focusing on a greener economy. Emerging businesses are key assets in building an economy that is stronger, more resilient, more sustainable and more inclusive. By mobilizing together, we will enable them to reach their full potential.” – Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED