QUÉBEC, QUEBEC--(Marketwired - Aug. 30, 2016) - Canada Economic Development for Quebec Regions (CED)
Businesses have to be able to rely on adequate resources to develop and commercialize their innovative products. To that end, the Government of Canada is committed to supporting Canadian companies that are investing in innovation to sustain their growth and, in so doing, are creating quality jobs and generating positive spinoffs for Canadian communities.
Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, took the opportunity on the launch of the television series Cracked to announce that the firm Squeeze Studio Animation has been granted $150,000 in new funding to improve its productivity and capacity for innovation. This repayable contribution has been awarded through CED's Quebec Economic Development Program (QEDP).
The financial assistance will enable the enterprise to acquire specialized computer equipment and software to spur its growth. The company's project will translate into an improved 3D animation service offering that will help consolidate Quebec's pool of businesses operating in the multimedia creation and video gaming sector.
By providing high-quality animation services and facilitating the creation of world-class original works through Squeeze Productions, Squeeze Studio serves a wide market of creators, producers and distributors of animated films, television series and advertisements.
"By granting financial assistance to Squeeze Studio Animation, the Government of Canada is helping sustain the growth of an innovative greater Québec company whose expertise is well known in the Canadian and international 3D animation industry."
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
"By supporting this Squeeze Studio Animation project, the Government of Canada is keeping to its commitment of helping businesses expand, innovate and export their products in order to ensure the growth of the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED
"This investment in the growth of an innovative company is excellent news for Squeeze Studio Animation in Québec City. It will allow us to continue developing our expertise and setting ourselves apart by virtue of the quality and creativity of our original productions, like the Cracked television series."
Denis Doré, President and Co-founder, Squeeze Studio Animation
CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
To learn more about the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html
Squeeze Studio Animation Website: http://www.squeezestudio.com/
Follow CED on Twitter @CanEconDev