Canada Economic Development

Canada Economic Development

January 20, 2010 11:45 ET

Government of Canada Grants $805,631 in Funding to the Outaouais Technology Business Development Center

GATINEAU, QUEBEC--(Marketwire - Jan. 20, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the awarding of $805,631 in non-repayable funding to the Outaouais-based Technology Business Development Center (TBDC).

Granted through the Business and Regional Growth program, this financial assistance will enable the Center to pursue its guidance activities and continue supporting the pre-startup and startup of technology firms through to June 2011.

"Canada Economic Development is proud to support the startup of new enterprises that are developing innovative products and looking to expand into new markets. With the TBDC firmly rooted in the Outaouais, the region's entrepreneurs can only gain from the organization's extensive expertise and networking capabilities. This region, as we know, enjoys considerable potential in terms of the National Capital region's industrial clusters. There is a clear consensus among regional partners on the need to increase the number of innovative businesses in the area, and we are pleased to play a part in furthering those efforts," explained the Minister of State.

The TBDC's specialized services help newly-created enterprises strengthen their strategic capabilities and consequently increase their chances of success. The Center, which relies on a network of outside experts and works in close collaboration with the National Research Council Canada to ensure coordinated action, expects that this financial assistance will result in the creation of 25 well-paying jobs in the fledgling firms and lead to an overall investment of as much as $5 million.

High technology is a promising growth sector for the Outaouais region, as are agri-food processing, tourism and the transformation of value-added forest products. It is therefore in these priority areas that Canada Economic Development has decided to focus its development efforts in the region.

"Our government adopted Canada's Economic Action Plan in January 2009 to tackle the economic crisis that has hit our country and the rest of the world. This large-scale measure is aimed not only at bringing about our rapid recovery, but also at laying the foundations for solid long-term economic growth and job creation. This Plan will lead to the investment of nearly $62 billion in our economy by 2011," Minister Lebel added.

For more on Canada's Economic Action Plan, visit

Canada Economic Development is online at Subscribe to the Agency's press releases at to keep up with the latest news.

Contact Information