Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

October 15, 2014 10:30 ET

ACET, a Catalyst for the Creation of Technology Businesses

Government of Canada supports innovative entrepreneurship in Estrie

SHERBROOKE, QUEBEC--(Marketwired - Oct. 15, 2014) - Canada Economic Development for Quebec Regions (CED)

The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that the organization ACET (Accélérateur de création d'entreprises technologiques) has been granted funding for the pursuit of its activities.

This assistance has been awarded in the form of a $293,500 non-repayable financial contribution through CED's Quebec Economic Development Program.

Quick facts

  • With this funding, CED is renewing its agreement with ACET to ensure the organization can continue providing guidance to new entrepreneurs and is able to encourage and support the creation and pre-startup of at least 36 innovative small and medium-sized enterprises within the next three years.
  • This project will play a significant part in modernizing the industrial fabric of Estrie and in promoting the retention of highly-skilled labour in the region.
  • The supported startups will contribute to the creation of high-level jobs, notably for young university graduates.

Quotes

"Our government is once again giving new impetus to job creation by lending concrete support to ACET, an organization dedicated to fostering entrepreneurship and innovation."

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

"With the support of our partners, ACET has been able to bring about the emergence of entrepreneurs with the potential to turn technological innovations into marketable products. The funding announced today will ensure the continuation of our operations and, by extension, the creation of a new entrepreneurial generation to invigorate the region."

Roger Noël, President, ACET

Related link

ACET Website: www.accelerateur.ca/en/

Stay connected

Follow CED on Twitter @CanEconDev

Contact Information