QUÉBEC, March 4, 2020 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Information technology start-up Suite 125 has developed a novel IT solution that automates measurement-taking for clothing design. The Québec SME wants to break into the U.S. market by marketing its MTM.DESIGN platform in the U.S. thanks to a recent Government of Canada investment.
An innovative, promising product
MTM.DESIGN was initially designed by Surmesur Inc.'s team of internal programmers, who received a repayable contribution of $50,000 from CED to begin developing the platform. In light of the enthusiasm the technology generated, Surmesur founded Suite 125 in 2018 to continue to develop and market it.
This unique platform integrates the company's business intelligence and is founded on exclusive partnerships established around the world. It uses a database (big data) to collect information compiled over eight years from among 70,000 clients, gathering their measurements and preferences, as well as a range of 65,000 types of cloth. It is available to businesses working in the made-to-measure clothing industry, in particular traditional tailors and retailers also offering this type of design.
The business will continue to develop its novel web platform, adapting it more to the U.S. market with the help of a repayable contribution of $132,500 announced today by Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Public Safety and Emergency Preparedness. This announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the six regional development agencies (RDAs), including CED.
"It is a source of pride to have the Canadian government as a partner on our project. The financial assistance we have received is enabling us to accelerate our development and thus draw closer to our objective of revolutionizing the retail industry."
Vincent Thériault, President, Suite 125
"We are supporting the growth of homegrown businesses bringing Canadian know-how to the world, just as Suite 125 is doing so well with its innovative platform. We must leverage our competitiveness and maximize our knowledge by boosting innovation. If our entrepreneurs are among the first to adopt certain technologies and the solutions they generate, this enhances the competitiveness of our industries and economic growth."
Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Public Safety and Emergency Preparedness
"Enhancing the development and growth of innovative projects such as the one by Suite 125 is at the heart of our priorities. We will continue to help our entrepreneurs to develop new markets so that local expertise can radiate around the world. We are here to support projects that drive start-ups and foster the creation and marketing of innovative projects."
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED
- With its seven employees, Suite 125 has developed innovative functionalities with the assistance of the Centre en imagerie numérique et médias interactifs (CIMMI).
- CIMMI is a technology transfer centre specializing in the development of digital image processing technologies.
- Funds have been granted to Suite 125 under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all.
- CED is a key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED is accompanying Quebec businesses, supporting organizations and regions into tomorrow's economy.
SOURCE Canada Economic Development for Quebec Regions
Renseignements: Media Relations, Canada Economic Development for Quebec Regions, [email protected]; Alexander Cohen, Press Secretary, Office of the Minister of Economic Development and Official Languages, [email protected]