The Government of Canada awards over $930,000 in funding to the Rimouski company
RIMOUSKI, QC, May 23, 2019 /CNW/ - Canada Economic Development for Quebec Regions (CED)
PG Solutions corporatives et forestières Itée (Groupe PG) is a leader in the development of innovative software solutions that improve the productivity and profitability of forest industry companies. An invaluable reference in this cutting-edge sector, the company intends to pass another milestone in this niche market with the help of a $936,437 repayable contribution from Canada Economic Development for Quebec Regions.
The funding was announced today by Rémi Massé, Member of Parliament for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development. The Government of Canada assistance will target the development and marketing of new products on the Canadian market, and will complete a total funding package worth over $3.5 million that will result in the creation of five jobs. Specifically, the goal of this project is to develop cutting-edge technological infrastructure, including artificial intelligence, which will provide tools for the real-time management of the resource—from the forest to the factory, and even among the various factories.
Having undergone several phases in its development since its creation in 2004, Groupe PG is now one of the key players in the development of integrated management solutions for forest sector companies in Eastern Canada. An associate member of the Quebec Forest Industry Council and the Fédération québécoise des coopératives forestières, the company achieved another milestone in 2019 by becoming part of the FORAC consortium.
The Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is key to success because it generates growth that benefits both businesses and communities. This is why it is of utmost importance that businesses be able to rely on adequate resources to create and market innovative products.
"By supporting Groupe PG, the Government of Canada is reaffirming its commitment to support businesses that innovate, create value and strengthen a sector that holds promise for the region and beyond. I am thrilled with our support for this business, which has made a name for itself in a constantly evolving market. Its drive, boldness and sense of innovation most definitely contribute to the economic vitality of the region."
Rémi Massé, MP for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"Our government is giving Canadian businesses the means to become more competitive and to thrive in the global economy. The funding announced today for Groupe PG strengthens Canada's competitive advantages by contributing to the development of the resource and the forest industry as a whole. It will foster the growth of this industry and create good jobs for middle-class Canadians."
The Honourable Navdeep Bains, Minister responsible for CED
"CED's funding will allow us to take another step forward in the development of cutting-edge, high‑performance software technologies that will benefit the entire forest industry. In line with our mission and values, our development prospects look very promising, both within our current markets and as concerns our future development projects."
Pascal Gagné, President and CEO, Groupe PG
Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
The funding was provided under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, and regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-7443, Email: [email protected]