Backgrounder: Government of Canada invests in innovation ecosystem with support for Quebec’s incubators and accelerators
Backgrounder
Montréal, Quebec, November 12, 2024 – Canada Economic Development for Quebec Regions (CED)
The following information is in addition to the news release issued on November 12, 2024, on CED’s financial assistance, the recipient organizations, and their respective projects.
Summary
- 13 Quebec organizations offering incubation and acceleration services are being supported by CED.
- In total, $16M has been granted in non-repayable contributions for the next four years (2024-2028).
- CED’s support focuses on operating costs.
- The funding being announced is conditional on the signing of a contribution agreement between the organizations and CED.
Details
| Region | Recipient | Activities funded by CED | Contribution |
|---|---|---|---|
|
Québec |
Incubation of clean tech businesses fostering the development and launch of innovative projects with a strong environmental impact. |
$800,000 |
|
|
Estrie |
Accélérateur de création d’entreprises technologiques (ACET) |
Support for the creation and launch of innovative businesses through incubation and acceleration services. |
$2,000,000 |
|
Montréal |
Guidance for new innovative and technological businesses to ensure they succeed and last. |
$800,000 |
|
|
Montréal |
Incubation and acceleration of technological start-ups. |
$2,000,000 |
|
|
Laval |
Establishment of incubation programs to foster the creation and launch of innovative businesses in the life sciences and healthcare technology sector. |
$1,200,000 |
|
|
Montréal |
Incubation and acceleration of impact start-ups in the healthcare technology sector. |
$1,200,000 |
|
|
Montréal |
Establishment of acceleration programs to mentor start-ups in climate technology. |
$800,000 |
|
|
Estrie |
Accelerate the sustainable growth of innovative regional technological businesses in the region through a pan-Quebec mentoring organization. |
$1,600,000 |
|
|
Montréal |
Mentoring of entrepreneurs placing social or environmental impact at the core of their business model and working in climate innovation and environmental protection, food system resilience, and innovative healthcare technology, regardless of the level of maturity of their project. |
$2,000,000 |
|
|
Québec |
Acceleration of promising technological businesses to foster their growth and propel their local and international sales forward. |
$1,200,000 |
|
|
Montréal |
Incubation and acceleration of start-ups connected to the tourism sector to increase their growth potential and the regional economic spin-offs. |
$800,000 |
|
|
Montréal |
Facilitate the commercialization of emerging technologies by creating a network of early adopters in all regions across Quebec. |
$800,000 |
|
|
Montréal |
Mentoring of new businesses developing innovative technologies with the potential to transform the creative and entertainment industries. |
$800,000 |
Information
Media Relations, CED
media@dec-ced.gc.ca