The Government of Canada is allocating $100,000 in funding to this innovative company from Greater Montréal that specializes in the development and design of advanced lasers
LACHINE, QC, July 11, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Cemar Electro is a leader in North America, Europe, South America and Asia and a highly innovative company in the field of laser technology. In order to develop new markets abroad, it will receive a repayable contribution of $100,000 from Canada Economic Development for Quebec Regions. With this funding, the company will be able to implement a marketing strategy to position its brand new technology developed for the industrial and medical sectors in the United States and Europe.
Anju Dhillon, Member of Parliament for Dorval–Lachine–LaSalle, announced the funding during a visit of the company's facilities today. Specifically, the Government of Canada's support will enable Cemar Electro's team to hire a sales representative, attend trade shows in targeted markets, visit potential customers and distributors and establish new business partnerships.
Cemar Electro Inc. has been offering a variety of laser solutions used in the wood, stone, textile, metal and medical application industries since 1983. Thanks to its expertise in research and development, the company has also developed a laser adapted to extreme environments and specific lasers for radiation oncology treatments.
The Government of Canada is committed to supporting innovative Canadian companies. A true economic driver, innovation is the key to success because it generates the growth that businesses and communities benefit from. That is why we are ensuring that businesses have adequate resources to create and market innovative products.
"I'm proud to see the scope of the knowledge and expertise being developed here and showcased all around the world. The Government of Canada has put in place an ambitious approach to support businesses that invest in developing new markets. The financial support granted to Cemar Electro is intended to provide concrete support to a company that has demonstrated its know-how and that is also ready to operate in new markets."
Anju Dhillon, Member of Parliament for Dorval–Lachine–LaSalle
"Our government is empowering Canadians to become more competitive and to prosper in the global economy. The investment in Cemar Electro announced today aligns with Canada's competitive advantages through the organization's innovative project and will stimulate economic growth."
The Honourable Navdeep Bains, Minister responsible for CED
"We at Cemar Electro Inc. are greatly encouraged by the involvement of the Canadian Government in helping us get our innovative products out to the global markets. As a small independent business with limited resources which are devoted to product development, this is a major game changer as we can now reach out to potential clients worldwide and demonstrate our state-of-the-art technology directly to the end users."
Walter Spirig, President, Cemar Electro
- Today's announcement is made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which comprises 17 federal departments and agencies, including CED and the other five regional development agencies.
- The funding was awarded under CED's Regional Economic Growth through Innovation program. This program is intended for entrepreneurs who focus on innovation for growing their company and making it more competitive, and for regional economic players that help create an entrepreneurial environment conducive to innovation and to growth for all, in all regions.
- To find out more about CED and its priorities, see the 2019-2020 Departmental Plan or visit www.dec-ced.gc.ca.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Phone: 514-283-7443, Email: firstname.lastname@example.org