Announcement by Minister Raymond Bachand for ITC sector - $6.15 million in financial aid to PROMPT for industry-university partnerships

    MONTREAL, Feb. 7 /CNW Telbec/ - In the presence of numerous
representatives of the information technologies and communications (ITC), from
both the academic and the private sector, Raymond Bachand, Minister of
Economic Development, Innovation and Export, announced financial aid of
$6.15 million so that PROMPT can increase the number and the scope of its
industry-university research partnerships.
    "We're delighted with this announcement by the Quebec government, which
is a tangible response to the strong demand by ITC companies for what PROMPT
has to offer. The model of industry-university research partnerships we have
developed is innovative and unique in its category," said Charles Despins, CEO

    Themes with a promising future

    The research projects for the 2008-2010 round will target themes defined
by the companies, in particular, major vertical markets for the ITC
industries, i.e. security, health and the media.
    "Since PROMPT was created in 2003, we have been able to act as an agent
of economic development thanks to our partnership with the Quebec government,
enabling many promising projects to be realized at a cost that is well below
than the benefits they generate," concluded Mr. Despins.

    Industry-university partnerships

    PROMPT has sectorial and industrial governance, and works with all Quebec
universities and public research centres that conduct ITC research. PROMPT has
fostered the emergence of a novel form of industry-university partnership to
boost the competitive advantage of its industrial partners and encourage them
to capitalize on emerging opportunities, as evidenced by the themes chosen for
the 2008-2010 round of projects.

    PROMPT is a private corporation and non-profit organization whose
activities receive financial support from the Quebec government and ITC
companies. Its aim is to reinforce the system of innovation in Quebec and
increase the benefits produced by public investments in research. PROMPT
therefore has a mission to offer companies in the ITC sector a competitive
edge through research partnerships with universities and public research
centres in Quebec. These research partnerships are jointly funded by the
private sector, the Quebec government and the government of Canada.

For further information:

For further information: Josée Dagenais, PROMPT, (514) 875-0032; Nadia
Paquet, (514) 843-2351, cell.: (514) 713-1350; Source: PROMPT

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