The Government of Canada supports projects by NMX Research and Solutions, Produits Plastitel and IniXium
LAVAL, QC, April 17, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
NMX Research and Solutions Inc., Les Produits Plastitel Inc. and IniXium Inc. will be able to pursue their activities more effectively with the help of a total of $563,000 in repayable contributions from Canada Economic Development for Quebec Regions.
The funding will allow NMX Research and Solutions to purchase new science instruments in order to increase its production capacity and grow the business. Les Produits Plastitel will acquire and install a CNC machining centre to improve the company's competitiveness. Finally, IniXium will be able to undertake new market prospecting activities and bolster its current markets; acquire research and analysis equipment for its drug discovery services; and increase its international sales and its revenue.
The funding was announced today by Eva Nassif, Member of Parliament for Vimy. The Government of Canada assistance will allow the recipient businesses to achieve their set objectives. The companies' respective projects will generate a total investment of $1,874,474 and will create 18 jobs in Laval.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and to contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
"I am thrilled with this funding from the Government of Canada, which has chosen to focus on the innovative capacity and commitment to growth of these Laval businesses that have made a name for themselves in a constantly evolving market. Their know-how, drive and audacity will generate growth, and I encourage them to continue along the same path."
Eva Nassif, MP for Vimy
"As Minister of Innovation, Science and Economic Development, my goal is to help businesses prosper and innovate so that they can increase their competitiveness and create good-quality jobs and wealth for Canadians. This support for these three Laval businesses will unquestionably contribute to the achievement of these objectives and to the economic vitality of the region."
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.
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.
For more information about the projects, please refer to the related backgrounder.
Contribution — Investments – Project Description
Repayable contribution of $350,000 out of a total investment of $1,108,474
NMX Research and Solutions, a start-up company in Laval, specializes in basic research in medicinal chemistry and is being incubated at the Centre québécois d'innovation en biotechnologie. It carries out and supports drug development programs, thereby helping to speed up the discovery of molecules with high therapeutic potential and the starting of clinical trials.
The project aims to increase NMX's production capacity and competitiveness through the purchase of research equipment that should lead to the discovery of new medicines.
CED's contribution will enable the SME to purchase and install scientific instruments including a liquid-handling system, a protein purification system, and two instruments for protein characterization.
Through this project, NMX will more than double its staff from 9 to 19 employees.
Repayable contribution of $163,000 out of a total investment of $666,000
Founded in 1987, the company specializes in the design and manufacture of plastic parts for thermoforming. Plastitel is integrated into large value chains, and its main clients are manufacturers in the medical and transportation industries.
The project aims to improve the company's competitiveness and help it expand. To carry out the project, Plastitel has purchased digital production equipment for manufacturing thermoformed plastic parts.
CED's contribution enabled the company to purchase and install the digitally controlled machining centre.
The project resulted in four jobs being created.
Repayable contribution of $50,000 out of a total investment of $100,000
IniXium is a fast-growing innovative start-up company that has managed to quickly position itself in the life sciences value chain. Being on the cutting edge, it specializes in the research and discovery of medicines and protein chemistry. Through its expertise, the Laval SME is helping to speed up the discovery of molecules with high therapeutic potential.
The project aims to implement an initial strategy for marketing IniXium's research and analysis services in medicine discovery in the United States. It also aims to increase the company's competitiveness and growth through the purchase of new laboratory equipment for precision analysis of molecular interactions and proteins.
The assistance from CED will be used for such things as prospecting activities in the target markets, attending trade shows, developing promotional and advertising tools, updating IniXium's website and its applications for marketing purposes. The contribution will also enable the purchase and installation of new research and analysis equipment.
The project will create four jobs.
Number of projects: 3
Number of jobs created: 18
CED's contributions: $563,000
Total investments generated by these projects: $1,874,474
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-7443, Email: firstname.lastname@example.org