By providing financial support to organizations that help start up businesses, the Government of Canada provides resources for initiatives that will have the greatest positive impact on the lives of Canadians.
Eva Nassif, Member of Parliament for Vimy, on behalf of the Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced the funding of $1,425,000 to the Quebec Center for Biotechnology Innovation (CQIB) to support the creation and start-up of innovative companies in the life sciences sector.
Founded in 1995 by the National Institute for Scientific Research and the City of Laval, this incubator is located in the heart of the Laval Science and High Technology Park. It is the only business incubator specialized in biotechnology in Quebec and the first incubator in life sciences in Canada. In addition to pre-incubation and incubation programs, QBIC offers consulting services in business development, financing and technical support.
It also provides companies with a large fleet of specialized equipment and rental space. The funds, granted under CED’s Quebec Economic Development Program (PDEQ), will enable CQIB to cover its operating costs for a period of three years.
“By supporting QBIC, the Government of Canada is reaffirming its commitment to supporting the creation of companies that innovate, create value and consolidate growth sectors for Greater Montréal, particularly the life sciences sector. I am proud to see this organization continue to take root, grow and contribute to the health of the Canadian economy. ”
Eva Nassif, Member of Parliament for Vimy
“The Government of Canada is committed to investing in job creation to grow the economy and prosperity of Canadians. That’s why we support the QBIC, whose priority is to encourage the creation of new innovative companies. ”
The Honorable Navdeep Bains, Minister Responsible for CED
“For the City of Laval, the CQIB is the spearhead of the Cité de la Biotech. Thanks to this incubator, 54 companies have been launched, with more to come. I am proud that the City of Laval is world-renowned in the life sciences and health technology sector.”
Marc Demers, Mayor of Laval
• CED is one of six regional development agencies under the responsibility of the Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development.
• The year 2018 marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete actions dedicated to the development of regions and businesses here.