Canada Economic Development

Canada Economic Development

November 08, 2010 14:30 ET

Government of Canada Grants $276,375 in Funding to the Biopterre Bioproducts Development Center

LA POCATIÈRE, QUEBEC--(Marketwire - Nov. 8, 2010) - Acting on behalf of the Honourable Denis Lebel, Minister of State for Canada Economic Development, Bernard Généreux, Member of Parliament for Montmagny–L'Islet–Kamouraska–Rivière-du-Loup, today announced the awarding of $276,375 in non-repayable funding to the Biopterre Bioproducts Development Center.

The non-profit organization will use this assistance, granted through Canada Economic Development's Business and Regional Growth program, for the acquisition of laboratory and research equipment for biofuels. Requiring an overall investment of $383,500, this project will result in the maintenance of two permanent jobs and improve the service offering to companies operating in the green energy sector.

The mission of the Biopterre Bioproducts Development Center is to foster the competitiveness of enterprises specializing in green energy and to build greater synergy among stakeholders operating in the agroforestry and biofood bioproducts sector. In order to better fulfil its mission and meet the growing demand for biofuel derived from biomass, the organization needs to upgrade its stock of research equipment.

"It is through projects like this one that the Bas-Saint-Laurent region, with its impressive natural resources, will succeed in adapting its economy to the principles of sustainable development," explained Mr. Généreux.

The Biopterre Bioproducts Development Center, which received accreditation as a college technology transfer center in June 2007, was created through an integration of the technological innovation activities of the Institut de technologie agroalimentaire, the Centre d'expertise sur les produits agroforestiers and part of the operations of the Centre de développement bioalimentaire du Québec.

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