Canada Economic Development

Canada Economic Development

June 09, 2010 14:00 ET

Thermoscience Enercoatings Inc. Receives $817,000 in Funding from Government of Canada for Startup

BOUCHERVILLE, QUEBEC--(Marketwire - June 9, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, announced the awarding of $817,000 in repayable funding to Thermoscience Enercoatings Inc. for the completion of research and development work, acquisition of leading-edge manufacturing equipment for pilot testing and subsequent creation of a commercial prototype in order to launch its operations. 

The startup firm, which requires access to laboratory and manufacturing facilities for its activities, will set up shop at National Research Council Canada's Industrial Materials Institute (NRC-IMI) incubator in Boucherville. The company will specialize in the development of electricity-conducting, heat-generating coatings, technology that has the dual advantage of combining even energy distribution with high energy efficiency.

Execution of this promising project will enable Thermoscience Enercoatings Inc. to create and maintain 40 high-skilled jobs for technicians, engineers and scientific researchers who will form a world-class multidisciplinary team.

"Canada Economic Development is committed to supporting small and medium-sized enterprises (SMEs) that contribute to the social and economic growth of Quebec's regions. This Thermoscience Enercoatings project could well revolutionize certain applications in the field of energy and advanced materials. I have every confidence that this investment will achieve its objectives and create a ripple effect within the greater Montréal industrial materials sector," noted the Minister of State.

This financial assistance from the Government of Canada has been granted through the Business and Regional Growth program, an initiative designed to help businesses improve their performance, become more competitive and engage in increased innovation to facilitate their sustainable growth.

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at http://www.dec-ced.gc.ca/eng/media-room/mailing-list/list.html to keep up with the latest news.

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