Canada Economic Development

Canada Economic Development

September 15, 2011 08:00 ET

Government of Canada Helps Montreal InVivo Pursue its Efforts to Maintain Montreal's Competitive Edge

MONTREAL, QUEBEC--(Marketwire - Sept. 15, 2011) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that the Greater Montréal cluster secretariat for life sciences and health technologies (Montréal InVivo) will receive $600,000 in non repayable funding to continue implementation of its action plan to maintain Montréal's international competitiveness in life sciences and health technologies.

"The Government of Canada is proud to contribute to the development of a sector that is an important economic engine for Greater Montréal, a sector in which Canada is famous for its unique know-how," said Minister Lebel.

In developing its action plan, in consultation with Greater Montréal life sciences and health technologies stakeholders, InVivo focussed on five key themes: strengthening interchanges between academia and the private sector; creating the right environment for investment; fostering the commercialisation of products developed by the cluster; ensuring workforce and succession training and, lastly, furthering the cluster's recognition abroad.

This financial assistance is awarded over a three-year period through Canada Economic Development's Business and Regional Growth program.

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