$1.7 M+ for manufacturing innovation in Quebec
- March 1, 2017
The Federal government, via the Canada Economic Development for the Quebec Regions (CED), is investing more than $1.7 million in five Quebec manufacturing companies.
The government says up to 38 new jobs in "innovative business" will be created as a result of the investment.
This investment will allow the following five companies, all in the manufacturing sector, to develop the technologies and skills for the workers to bring to market more quickly their next generation products.
- Eddyfi NDT Inc. designs, manufactures and markets inspection instruments, scanners, probes and software for non-destructive testing. The funding of $700,000 will allow the company to acquire production tooling and five axis machining centres to integrate its activities with those of recently acquired businesses; launch its new products on the market; and develop new international markets.
- Optel Vision Inc. manufactures and markets inspection and serialization systems for the packaging and packing lines of businesses in the pharmaceutical, nutraceutical and cosmetic industries, including Lilly, Pfizer, Bayer and GE Healthcare. The funding of $500,000 aimed at supporting Optel Vision's growth by acquiring equipment intended to improve its productivity and by developing the Brazilian market.
- IngeniArts Technologies Inc. is a small clean-tech start-up specializing in energy storage for electric vehicles. The funding of $250,000 helped the business manufacture demonstration units and promote its electromechanical battery for lift trucks.
- Laserax Inc. specializes in the development of systems using laser technology in industrial applications that improve the productivity of manufacturing businesses. The funding of $150,000 will help the business enhance the international marketing of its products.
- Dizal Inc. specializes in the design, production and marketing of premium exterior aluminum siding for the residential, commercial, industrial and institutional sectors. Its exclusive process incorporates a new high speed digital printing technology that reproduces textures such as wood, brick and marble. The funding of $125,000 will allow the business to implement a marketing plan in Canada and the United States.
"Where innovation happens matters because that's where the best jobs are located," states Navdeep Bains, the Minister of Innovation, Science and Economic Development responsible for CED. "And those jobs spin off into even more good middle-class jobs in every community where innovation happens. When companies need to invest, they look for the most innovative economies-those with the most creative and entrepreneurial people who can turn ideas into solutions. That's what creates jobs and drives growth in Quebec's economy."