Canada Economic Development

Canada Economic Development

February 12, 2010 14:30 ET

Groupe Nippour Receives $81,912 in Federal Funding to Acquire Equipment and Improve Productivity

MASHTEUIATSH, QUEBEC--(Marketwire - Feb. 12, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced the awarding of $81,912 in repayable funding to Groupe Nippour Inc. for the acquisition of data capture equipment that will enable the firm to develop new visual simulation and 3D land modeling solutions.

Requiring an overall investment of $276,552 and resulting in the creation of three new jobs, this project will enable Groupe Nippour to improve its productivity, become more competitive and thereby strengthen its position as a leader in the high-technology sector of three-dimensional modeling using high-precision data capture.

"Firms that, like Groupe Nippour, build their growth on innovation, high value-added activities and exceptional knowhow have always been a driving force of the Canadian economy. Indeed, these are the very companies that will help Canada emerge from the present economic crisis stronger than ever before. Canada Economic Development sees it as a priority to lend its financial support to Groupe Nippour, an enterprise whose growth can only further the development of the Saguenay aluminum industry," explained the Minister of State.

The new equipment will allow Groupe Nippour to expand the range of services it offers and provide more effective simulation and 3D modeling solutions. This will also give the company an added edge for harnessing any new business opportunities that may arise from environmental studies conducted within the framework of major dam building, engineering or other construction projects.

This contribution has been awarded through Canada Economic Development's Business and Regional Growth program, an initiative designed to help small and medium-sized enterprises engage in more innovation and consequently improve their performance and competitiveness.

To create a climate conducive to innovation, Canada's Economic Action Plan provides for the investment of $5.1 billion in science and technology projects, a measure seen as essential to securing the country's prosperity.

For more on Canada's Economic Action Plan, visit

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