Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

Close to $700,000 for five highly innovative businesses in Estrie Français


News provided by

Canada Economic Development for Quebec Regions

Apr 19, 2017, 10:30 ET

Share this article

Share toX

Share this article

Share toX

The funding will be used for start-up and commercialization activities of technology SMEs

SHERBROOKE, QC, April 19, 2017 /CNW/ - Canada Economic Development for Quebec Regions (CED)

Innovation is a true economic driver that helps our businesses grow, thus creating high paying jobs that benefit communities and the middle class. Businesses need to be able to rely on adequate resources to design and manufacture innovative products and commercialize them in Canada and abroad. That is why the Government of Canada is committed to supporting innovative Canadian enterprises.

The Honourable Diane Lebouthillier, Minister of National Revenue, and the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, jointly announced that $675,000 in financial support, in the form of repayable contributions, has been granted to five businesses in the region.

SPI BIO Inc. ($175,000), Imeka Solutions Inc. ($150,000), Agendrix ($150,000), LUMED Inc. ($100,000) and Immune Biosolutions Inc. ($100,000) will now be able to accelerate their development, notably by intensifying their commercialization activities in Canada and abroad.

The region has the good fortune of having an incubator—ACET (Accélérateur de création d'entreprises technologiques)—supporting new entrepreneurs and fostering the start-up of innovative SMEs. These five businesses were able to count on support from ACET, which received nearly $600,000 in financial support from CED. ACET is housed in the building of Université de Sherbrooke's Interdisciplinary Institute for Technological Innovation – 3IT, whose mission is to offer all of the components of a complete innovation chain under one roof. 3IT was recently granted nearly $3,000,000 in financial assistance to help Quebec SMEs accelerate the development of their innovative products and processes.

CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

Quotes

"The Government of Canada is committed to promoting the role of innovation as an important way of encouraging business diversification and growth. That is why we are pleased to support the start-up of five highly innovative SMEs in Estrie."

The Honourable Diane Lebouthilier, Minister of National Revenue

"These five young businesses illustrate Sherbrooke's entrepreneurial vigour, whether in IT, life sciences or clean tech. I am delighted about the Government of Canada's support, which underscores the importance of innovation for the region's economy and for the entire country."

The Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie

"The Government of Canada is committed to supporting Canadian businesses that are focused on innovation. Our goal in supporting these five enterprises is to work with one another to deliver on our commitments and get results for Canadians."

The Honourable Navdeep Bains, Minister responsible for CED

Related products
For more information on the five projects, please consult the attached backgrounder.
To learn more about CED's support for 3IT: 3IT news release

Stay connected
Follow CED on Twitter @CanEconDev 

BACKGROUNDER

Close to $700,000 for start-up and commercialization activities of five highly innovative businesses in Estrie

Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, the Honourable Diane Lebouthillier, Minister of National Revenue, and the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, jointly announced that $675,000 in financial support, in the form of repayable contributions, has been granted to five businesses in the region.

The funding is being granted under the Quebec Economic Development Program (QEDP).

Promoter

Contribution – Investments – Project description

SPI BIO Inc.

Repayable contribution of $175,000 out of a total investment of $1,285,000

 

Founded in 2014 by two young entrepreneurs, this innovative enterprise is developing, manufacturing and commercializing an on-site biosensing technology (Bio-Alerte) initially for the detection of Legionella. The system, which reads the levels of bacterial concentration on site and in real time, was designed to reduce contamination risks in cooling towers.

The project targets the start-up of commercial operations and consists in completing the design of the product, getting it registered and patented, acquiring equipment and software and launching the commercialization strategy.

 

CED's support will go toward part of the production equipment costs (injection mould, a freeze dryer, tooling, etc.) and commercialization costs.

 

The project is expected to create five jobs.

 

Imeka Solutions Inc.

 

Repayable contribution of $150,000 out of a total investment of $730,000

 

Founded in 2011, Imeka develops and markets a technique for diffusion magnetic resonance imaging of the brain. With its software, Imeka extracts additional information than that available through existing imaging technologies to document medical studies and preclinical and clinical research for the development of therapies and drugs used in treating neurodegenerative diseases (e.g. Alzheimer's).

 

The goal of the project is to begin operating an innovative business by developing a marketing strategy targeting the pharmaceutical and biotechnology sectors in Canada and abroad, notably in the United States, Europe and Japan.

 

CED's contribution will go toward a number of commercialization activities, including participation in trade shows and conferences, prospecting visits, promotional materials and the website.

 

The business has seven employees, six of whom are specialized in the sciences.

 

Agendrix (9312-6118
Québec Inc.) [website
in French only]

Repayable contribution of $150,000 out of a total investment of $551,230 

 

Created in 2015, Agendrix  is developing and commercializing an innovative Web-based mobile platform to simplify the planning and communication of work schedules and to manage the distribution of staff movement on the work premises, clocking in or out and employee time sheets.

 

The project is aimed at the commercial start-up of an innovative business abroad by marketing the Web-based mobile platform, notably in Western Europe and the United States.

 

CED's contribution will go toward various commercialization activities, including part of the Web advertising and marketing costs and costs related to patents and trademarks.

 

The business has eight employees, four of whom are computer specialists.

 

LUMED Inc.

Repayable contribution of $100,000 out of a total investment of $800,000

 

Founded in 2012, LUMED develops and markets IT solutions for the life sciences, including its first platform, APSS (antibiotic prescription surveillance system), which optimizes the management of antibiotics prescription. This solution monitors the clinical status of patients, making it possible to adjust prescriptions in real time.

 

The project aim is to continue the development and commercialization of LUMED's products in Canada and the United States.

 

CED is providing assistance for commercialization activities, including the salaries of representatives, promotional materials and travel costs.

 

The SME has seven employees.

 

Immune Biosolutions Inc.

Repayable contribution of $100,000 out of a total investment of $300,000

 

Founded in 2012, Immune Biosolutions develops, manufactures and commercializes innovative egg-based antibodies used by its clients as research tools or to design diagnostic biomedical tests, but mostly, this SME stands out because of the molecules it has developed for therapeutic purposes. Immune Biosolutions quickly produces a variety of top quality antibodies through an innovative process for extracting and purifying antibodies from eggs.

 

The purpose of the project is the commercial start-up of an innovative business. It consists in implementing a commercialization plan targeting the pharmaceutical and biotechnology markets in Canada and abroad, notably in the United States, Europe and Japan.

 

CED's contribution will go toward numerous commercialization activities: trade shows and conferences, advertising, website, business strategy development fees and the acquisition of market research.

 

The business has 12 employees, and the project is expected to create three jobs by 2020.

 

Summary

Total number of projects: 

5

CED contributions:

$675,000

Investments generated by the projects:

$3,666,230

SOURCE Canada Economic Development for Quebec Regions

Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-8818, Email: [email protected]

Modal title

Organization Profile

Canada Economic Development for Quebec Regions

    Also from this source

  • Gaspésie: $2.8M from Government of Canada to stimulate economic growth

  • Supporting economic development in Montréal's East End

  • /R E P E A T -- Invitation to media - Minister Steven Guilbeault to announce Government of Canada support for 42 organizations in Montréal's East End/

Related Organization(s)

Government of Canada

    Also from this source

  • Readout - Prime Minister Carney speaks with Prime Minister of the United Kingdom Sir Keir Starmer

  • Readout - Prime Minister Carney participates in virtual meeting in support of Ukraine

  • Readout - Prime Minister Carney speaks with Prime Minister of Denmark Mette Frederiksen

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.