National Research Council Canada-NRC

National Research Council Canada-NRC

November 10, 2014 10:12 ET

Minister Bernier Announces Support to Help Innovative Canadian Businesses Grow and Prosper in Quebec

MONTRÉAL, QUÉBEC--(Marketwired - Nov. 10, 2014) - The Honourable Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture), on behalf of the Honourable Ed Holder, Minister of State (Science and Technology), today announced the Government of Canada's investment in the Centre d'entreprises et d'innovation de Montréal (CEIM), which will help Canada's innovative businesses to grow, prosper and create jobs.

Through the Canada Accelerator and Incubator Program (CAIP), CEIM will receive a significant investment over the next five years, providing local entrepreneurs with the resources and expertise needed to develop their business plan, seek follow-on financing and access new international markets for products and services. This organization plays an important role in the venture capital system, serving as an invaluable resource for entrepreneurs to make headway in a competitive global marketplace.

Quick Facts

  • On June 20, 2014, Prime Minister Stephen Harper announced fifteen incubators and accelerators chosen to advance in the selection process for CAIP, which is designed to help outstanding small and medium-sized Canadian enterprises to grow, prosper and create jobs.
  • Delivered by the National Research Council of Canada's Industrial Research Assistance Program (NRC-IRAP), CAIP provides support in the form of non-repayable contributions to a small and select number of best-in-class accelerators and incubators. Recipients will be required to demonstrate matching contributions on at least a 1:1 basis during the period of the contribution funding.
  • CEIM is a not-for-profit business incubator. It offers specialized consulting and coaching services, office space and related services for the start-up and development of companies in the fields of information technology, new media, industrial and "clean" technologies, and life sciences.

Quotes

"Our government is committed to creating the best business environment possible for Canadian small and start-up businesses to grow and prosper. Today's investment in the Centre d'entreprises et d'innovation de Montréal will help ensure Quebec's promising innovative businesses have the services, guidance and resources to become internationally competitive while creating jobs in Montreal and across Quebec."

Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture)

"With the assistance of the federal government's Canada Accelerator and Incubator Program, CEIM will not only build an incubation platform in the Quartier de l'innovation for McGill researchers and students, but also help a new clientele of Quebec SMEs innovate and prosper."

Hélène Desmarais, Chairman of the Board and Chief Executive Officer, CEIM

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Additional Links

Prime Minister Stephen Harper helps Canadian start-up companies to grow and prosper

Centre d'entreprises et d'innovation de Montréal

Contact Information

  • Media Relations Team
    National Research Council of Canada
    613-991-1431
    1-855-282-1637 (24/7)
    media@nrc-cnrc.gc.ca
    Twitter: @nrc_cnrc

    Laurence Gagnon d'Entremont
    Press Secretary
    Office of the Minister of State
    (Small Business and Tourism) (Agriculture)
    613-943-6183