Government of Canada to provide over $100,000 in funding for innovative Abitibi–Témiscamingue business
ROUYN-NORANDA, QC, Dec. 15, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
H2Lab will be able to improve the efficiency of its operations and expand and improve its productivity thanks to $107,914 in funding from Canada Economic Development for Quebec Regions.
The repayable contribution was announced today by Stéphane Lauzon, MP for Argenteuil–La Petite‑Nation and Parliamentary Secretary for Sport and Persons with Disabilities, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
Granted under CED's Quebec Economic Development Program, the funding will enable H2Lab, recognized for its expertise in complex environmental analyses, to acquire new specialized analysis equipment for mining companies.
In order to create and market innovative products, businesses need to be able to rely on adequate resources. To this end, the Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is the key to success, generating growth that benefits both businesses and communities.
"By supporting H2Lab, the Government of Canada is enabling the SME to acquire the equipment needed for developing innovative technologies and processes for the benefit of Canadian companies in the mining sector. Businesses will thus be able to focus on innovation, a true economic driver and source of growth that benefits communities."
Stéphane Lauzon, MP for Argenteuil—La Petite‑Nation, Quebec and Parliamentary Secretary for Sport and Persons with Disabilities
"Our commitment to taking steps to strengthen the economy by helping businesses in the mining sector value chain become more innovative, competitive and successful is demonstrated by our support for innovation in the development of advanced technologies. These investments will allow this key economic sector to remain a key source for jobs, trade and innovation in Canada."
The Honourable Navdeep Bains, Minister responsible for CED
"This project will help us consolidate our position as an expert in environmental analysis. Our entrepreneurial leadership and recent commercialization efforts, along with the acquisition of new equipment, will help us expand our services and increase our analytical capacity to meet demand from a growing clientele."
Roger Turmel, Director of Operations, H2Lab
- CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
- For more information on CED's key directions until 2021, consult Strategic Plan 2021 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, 514-283-7443, [email protected]