C2MI's mobilizing strategic project - Premier of Québec announces investment of $26.75 million for a project that could generate more than 700 paying jobs

BROMONT, QC, March 15, 2019 /CNW Telbec/ - The Premier of Québec, François Legault, announced on Friday that the new Québec government would allocate financial aid of $26.75 million to the MiQro Innovation Collaborative Centre (C2MI), in support of investment and innovation projects valued at $160.5 million.

C2MI's initiative was selected following a public call, in May 2018, for strategic mobilizing projects. Their initiative aims to create a centre of innovation in the electronic systems industry that will forge solid ties between players in this field and those in other sectors such as transportation, health care, energy and digital technology. These partnerships will bolster the capacity for innovation and marketing of promising companies, thereby accelerating their growth and helping them to become global industry leaders.

The Premier pointed out that the projects resulting from these partnerships could generate more than 700 paying jobs in Québec in the next five years. The initiative is fully in line with his economic vision, which aims to create more wealth for Québec so it can catch up with the rest of Canada.

Quotes:

"I am particularly proud to see that our new government is supporting projects that will create paying jobs boosting the average wage in Québec. We boast a number of companies that are brimming with ideas for designing and developing innovative technologies and electronic systems. With this strategic mobilizing project, C2MI will help Québec strengthen and promote its expertise. I am therefore thrilled to support this dynamic organization in this initiative, which will bring considerable benefits all across the province."

François Legault, Premier of Québec

"This strategic mobilizing initiative is an ideal opportunity for Québec's electronic systems industry to join forces with other industrial sectors in order to fuel innovation and generate major investment projects. It is a great example of collaboration, and the Québec government is proud to support its success."

Marie-Eve Proulx, Minister for Regional Economic Development

"Thanks to its skilled and experienced team, I am confident that C2MI will expertly lead these partnership projects, which will combine resources and know-how to create synergy in our region's industrial sector and throughout Québec. I applaud the local stakeholders who have taken on this strategic and promising initiative."

Isabelle Charest, Minister for Education, Minister Responsible for the Status of Women and Member for Brome-Missisquoi

"We are delighted that the new Québec government recognizes the benefits our industry brings in every economic sphere. By investing in this strategic mobilizing project, it has clearly shown that it recognizes the key role of the electronic systems industry in the economy, and it values our ability as an innovative company to make our mark on the global stage."

Normand Bourbonnais, Chief Executive Officer of C2MI

SOURCE Cabinet du premier ministre

For further information: Sources: Valérie Noël-Létourneau, Press Secretary, Office of the Premier, Tel.: [phone]; Antoine de la Durantaye, Press Secretary, Office of the Minister for Regional Economic Development, Mobile: [phone]; Maryse Dubois, Press Secretary, Cabinet Office of the Minister for Education, Minister Responsible for the Status of Women and Member for Brome-Missisquoi, Tel.: [phone]; Maryse Demers, Coordinator, Corporate Affairs and Communications, C2MI, Tel.: [phone], ext. 1000; Information: Jean-Pierre D'Auteuil, Media Relations Officer, Direction des communications, Ministère de l'Économie et de l'Innovation, Tel.: [phone], ext. 4868, Mobile: [phone]