Canada Economic Development

Canada Economic Development

March 17, 2010 15:00 ET

Government of Canada Grants $122,920 in Funding for Startup of PME Project Inc.

CHANDLER, QUEBEC--(Marketwire - March 17, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the awarding of $122,920 in repayable funding for the startup of PME Project Inc., an information and communications technology (ICT) firm in Chandler. This financial assistance is granted through the Community Adjustment Fund, a measure provided for under Canada's Economic Action Plan.

The PME Project Inc. startup is the fruit of a partnership between Quebec's Global Média Inc. and the French firm Actinium, a company with extensive experience in the development of business technology solutions. PME Project's mission will be to adapt for sale on the Canadian market the Webagoo Web site creation and management software developed by Actinium. The new firm will use the financial assistance for, among other things, the acquisition of computer equipment and desktop applications and the development of communications and marketing plans. The startup will require an overall investment of $587,400 and result in the creation of 16 permanent jobs in the municipality of Chandler.

"I am delighted about the startup of PME Project in Chandler. In this period of economic slowdown, the project promises to be stimulating for the entire Rocher-Percé RCM in that it is in the constantly-growing ICT sector. Canada Economic Development is pleased to lend its financial support to this new enterprise which, I am sure, will have a positive impact on Gaspésie's economic diversification as well as on the region's ability to retain more of its young people," explained the Minister of State.

Webagoo is an online software package designed to help small and medium-sized businesses increase their visibility on the Internet. It also enables users to create and manage their own Web sites, promote their activities, products and services online, build their image on social networks and ensure search engine optimization of their site. PME Project Inc. will operate out of the ICT Technocentre in Chandler, where it will have access to the facility's computer equipment and other support. 

For more on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

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