Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

July 06, 2015 14:30 ET

Government of Canada Supports Outaouais Enterprises' Commercialization Efforts

Two innovative Gatineau firms, Foko Inc. and DBx Geomatics Inc., receive funding from Government of Canada to embark on commercialization of their products on external markets

GATINEAU, QUEBEC--(Marketwired - July 6, 2015) - Canada Economic Development for Quebec Regions (CED)

Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec, 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 two Outaouais firms have been awarded financial support to increase their commercialization activities.

This assistance is being provided in the form of two repayable contributions totalling $462,500 through CED's Quebec Economic Development Program.

Quick facts

  • The two recipients of this financial assistance from the Government of Canada are Foko Inc. and DBx Geomatics Inc.
  • The $300,000 contribution to Foko Inc. will enable this innovative company to start up, and will lead to development of the Canadian and U.S. markets.
  • DBx Geomatics Inc. has been awarded $162,500 in financial assistance in order to increase commercialization activities for its new product, CartoVista5, in Canada, the United States and France.

Quote

"To help the Canadian economy remain competitive, our Government is committed to doing all it can to support enterprises that, like Foko and DBx Geomatics, are developing new products that are not only innovative but competitive on external markets as well."

Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec

Related links

For further information on the QEDP: www.dec-ced.gc.ca/eng/programs/qedp/index.html

Foko Inc. Web site: foko.co/index.html

DBx Geomatics Inc. Web site: www.cartovista.com/about

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