Canada Economic Development

Canada Economic Development

August 12, 2011 14:37 ET

Institut de Développement de Produits Receives $719,553 in Funding From Government of Canada

MONTRÉAL, QUEBEC--(Marketwire - Aug. 12, 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 Institut de développement de produits has been granted $719,553 in non-repayable funding to continue its efforts to transfer knowledge to manufacturing firms and help these companies adopt best practices in innovation.

"This support from the Government of Canada will allow the institute to pursue its mission among Quebec small and medium-sized enterprises (SMEs) in the industrial sector and give these firms access to the ever-advancing skills of its team of professionals," noted Minister Lebel.

The Institut de développement de produits encourages SMEs to improve their practices, particularly by incorporating green design concepts that reflect the principles and goals of sustainable development into the earliest phases of a product's development. In so doing, the organization helps its clients increase their innovative capabilities and gain market shares.

In addition to supporting the provision of guidance, advice and information services, this funding will give the institute the means it needs to update its knowledge and product development methods and allow a wider range of enterprises to benefit from its expertise.

This contribution from the Government of Canada has been granted through the Business and Regional Growth program.

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