Four innovative Greater Montreal high-tech businesses to expand opportunities with Government of Canada funding Français
Canada Economic Development for Quebec Regions is providing over $450,000 in funding for Unito Inc., TrackTik Software Inc., Heyday Inc. and NeoSynergix Inc.
MONTREAL, Oct. 15, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Quebec businesses need to innovate in order to grow and remain competitive. Investment in innovative businesses not only allows the businesses to grow their productivity, but also helps them boost their trade opportunities to create well-paying middle-class jobs.
As part of Small Business Week, today the Honourable Mary Ng, Minister of Small Business and Export Promotion, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced repayable contributions totalling $451,250 to four Greater Montreal high-tech businesses. TrackTik Software Inc., Heyday Inc., Unito Inc. and NeoSynergix Inc. will be able to count on financial assistance from Canada Economic Development for Quebec Regions to support their growth and apply their marketing strategies.
The financial assistance granted by the Government of Canada through CED's Quebec Economic Development Program will help the recipient businesses to achieve their established objectives. Their respective projects will generate total spending of over $1.4 million and will result in the creation of approximately 10 new jobs in the Greater Montreal region.
Quotes
"I am thrilled with this support from the Government of Canada, which has chosen to focus on small businesses that want to grow, while helping large global players simplify their management and increase their efficiency. By supporting the ecosystem of small, creative businesses such as Unito, TrackTik Software, Heyday and NeoSynergix, we are helping to strengthen Canada's innovation economy. The Government of Canada is committed to helping our small businesses open their doors, grow and capture new markets."
The Honourable Mary Ng, Minister of Small Business and Export Promotion
"By supporting investment in productivity enhancement, business creation, community development and the pursuit of new markets, the Government of Canada is standing by its commitment to foster expansion and innovation and to grow exports."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
- Small businesses account for the vast majority of businesses in Canada—more than 98% per cent. They employ just under 70 percent of the private sector workforce (8 million Canadians).
- Our government is lowering the Small Business Tax Rate to 9 per cent in 2019, putting up to $7,500 back into Canadian small business owners' pockets annually. This small business tax rate is the lowest of all G7 countries.
- To help small businesses find funding, advice and information, the Government launched Innovation Canada, a one-stop shop online destination for business owners.
- Small businesses account for almost 18% of Canadian goods exported.
- The Government is helping small businesses expand into new markets abroad—and reach over 1 billion new customers—by promoting export through the negotiation and implementation of free trade agreements. They include the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
- For more information on CED and its priorities, consult the 2018–2019 Departmental Plan or visit www.dec-ced.gc.ca.
- For more details about the projects, see the related backgrounder.
Backgrounder
Proponent |
Contribution – Project Description |
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Repayable contribution of $201,250 TrackTik Software is an innovative company that has developed an operational resource management platform that it offers to companies specializing in the security of goods and people. The company has developed and is marketing the TrackTik application, an integrated management platform that makes it possible to manage a team of security officers doing real-time patrols at multiple locations, including through geolocation. Tracktik's clients already include the giants Garda World and Securitas plus a number of other security companies in 30 countries. Carrying out the project, which just finished, created two jobs. The SME currently employs 113 people. |
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Repayable contribution of $50,000 Heyday is an innovative start-up SME specializing in the chatbot field. Chatbots are conversation robots, i.e. a powerful marketing tool that helps businesses enhance and customize the client experience through platforms such as Facebook Messenger, using artificial intelligence (AI). Heyday has great ambitions in US and European markets. CED's financial contribution will enable the company to hire a sales agent, participate in trade shows, do client prospecting, and produce and disseminate promotional tools. The project will help create three jobs. |
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Repayable contribution of $150,000 Unito is start-up company in the field of information technology. It develops and markets collaborative solutions that enable users to share information through various software platforms by synchronizing them. Unito's mission is to facilitate interaction between various departments or subsidiaries of a single company or two different companies. The project is aiming to implement a marketing strategy for the company in the United States and exploratory missions in Europe. The activities that will be funded by CED will include: hiring of marketing resources, running an advertising campaign, developing and producing promotional content, participating in trade shows, conducting prospecting visits and using professional services in connection with marketing in the United States and Europe. The project will help create three jobs. |
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Repayable contribution of $50,000 Founded in 2002, NeoSynergix operates in the field of digital technologies and specializes in developing customized management solutions and web-mobile applications. Offering an array of powerful computing solutions, the company recently designed nSpek, new software program for creating intelligent and customizable electronic forms. It is intended for teams conducting compliance inspections or audits. To increase and diversify its client base, NeoSynergix is focusing its growth strategy on market development in France and the United States. The aim of the project is, on the one hand, to deploy an international marketing strategy for nSpek by hiring a resource specializing in market development and conducting marketing activities in France and the United States and, on the other hand, to increase the company's production capacity by purchasing the IT infrastructure needed for adapting its new software to multiple platforms. The project will help create three jobs. |
Summary |
Number of projects: 4 Number of jobs created: 11 CED's contributions: $451,250 Total investments generated by these projects: $1 407 807 |
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SOURCE Canada Economic Development for Quebec Regions
Media Relations, Canada Economic Development for Quebec Regions, 514-283-7443, [email protected]
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