The Government of Canada awards $150,000 in funding to this startup SME
MONTRÉAL, April 16, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Mindset Innovation Inc. (Mindset) is a startup company that has designed highly innovative headphones that help improve the concentration of employees, especially those working in open spaces. To support its international marketing efforts, Mindset will benefit from a $150,000 repayable contribution from Canada Economic Development for Quebec Regions. The funding will allow the SME to organize various marketing support activities.
Rachel Bendayan, Member of Parliament for Outremont, took advantage of her meeting with Jacob Flood, one of the co‑founders of Mindset, to announce the funding. Specifically, the Government of Canada assistance will help expedite the commercialization of the headphones developed by Mindset. The company's goal is to offer solutions aimed at increasing office employee productivity.
Mindset was founded in 2016 by three young engineering graduates. Besides being in line with the Government of Canada's priorities, notably those relating to the commercialization of innovation, the project will also create 13 quality high-tech jobs and generate a total investment of over $450,000.
The Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities. This is why we are committed to ensuring that businesses are able to rely on adequate resources to create and market innovative products.
"By investing in this startup SME's project, the Government of Canada is standing by its commitment to help businesses grow, innovate and export their products and services, thus creating quality jobs and ensuring the prosperity of the Canadian economy."
Rachel Bendayan, MP for Outremont
"With its Innovation and Skills Plan, the Government of Canada has introduced an ambitious approach to supporting innovative Canadian businesses that are coming up with new ways of creating value, and which are looking to capture new markets. This represents a firm commitment to the creation of sustainable jobs and to the prosperity of the community."
The Honourable Navdeep Bains, Minister responsible for CED
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. To find out more about CED and its priorities, see the 2018–2019 Departmental Plan or visit www.dec-ced.gc.ca.
The Regional Economic Growth through Innovation 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.
For 50 years now, the Government of Canada has been actively involved in regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec's regions and businesses.
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]