Canada Economic Development

Canada Economic Development

May 12, 2014 11:00 ET

Government of Canada Invests in the Centre d'entreprises et d'innovation de Montreal

Contribution supports high-tech companies in the Greater Montreal region

MONTRÉAL, QUEBEC--(Marketwired - May 12, 2014) - Canada Economic Development

Industry Minister James Moore, acting on behalf of 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, today announced that the Centre d'entreprises et d'innovation de Montréal (CEIM) has been granted funding to ensure the creation and development of technology companies through business incubation.

This investment will enable the CEIM to continue serving innovative businesses operating in such sectors as information and communication technology, new media, clean and industrial technology and life sciences.

Quick facts

- The assistance has been awarded in the form of $1,740,000 in non-repayable funding through Canada Economic Development's Quebec Economic Development Program.

- The CEIM's activities include identifying business projects with strong growth potential, offering a range of specialized services, facilitating access to financing, increasing the likelihood of business success, promoting entrepreneurship, innovation and the economic development of Quebec.

- Canada Economic Development has been supporting the organization since its establishment in 1996.

- The Government of Canada recently launched Digital Canada 150, a plan for Canada to take full advantage of the economic opportunities of the digital age.

Quotes

"Our Government's top priority is to create jobs and sustainable economic growth in Canada. We are pleased to invest in organizations like the Centre d'entreprises et d'innovation de Montréal, that support the creation and development of innovative businesses that strengthen Canada's economy."

James Moore, Minister of Industry

"Thanks to the determining support of Canada Economic Development, the CEIM is able to pursue its mission with success and continue playing a key role in Quebec's entrepreneurial and innovation ecosystem. We are deeply grateful to the Government of Canada for its confidence and collaboration."

Hélène Desmarais, CEIM Chair of the Board and CEO

Related link

CEIM Web site: http://www.ceim.org/index.html?lang=EN-CA

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