Technology Evaluation Centers Inc. will be able to acquire artificial intelligence technology infrastructure

The Government of Canada awards $200,000 in financial assistance to this business recently relocated to Longueuil 

LONGUEUIL, QC, Jan. 9, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

Technology Evaluation Centers Inc. (TEC) is a global firm that helps businesses select management software that best aligns with their needs. TEC completely redefines the software identification cycle through its platform, which supports organizations in selecting artificial intelligence-enabled solutions.  

To support its growth efforts, Canada Economic Development for Quebec Regions will provide TEC with a repayable contribution of $200,000. This financial assistance will allow TEC to enhance its service offerings specialized in the development and marketing of web-based decision support solutions.

The funding was announced today by Sherry Romanado, Member of Parliament for Longueuil—Charles-LeMoyne. The Government of Canada's assistance will allow the business to acquire new computer equipment, including specialized artificial intelligence software.

Since 1993, TEC's mission has been to help organizations reduce the cost, risk and time associated with selecting software. It has achieved this by developing an effective computer-based decision support system. TEC's patented platform can be used to evaluate more than 25,000 features and functions and, ultimately, to rationally and objectively select software that best meets businesses' needs.

TEC's relocation and technology infrastructure renewal in 2017 marked a turning point in the firm's development and laid the necessary groundwork for unprecedented growth. Its forward-thinking vision has made it a top analyst in the web-based software industry, boasting over 400,000 users of its technology evaluation tools and information services.

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.

Quotes

"Digital technology is changing how business is being done worldwide. These changes provide significant development and growth opportunities for Canadian businesses like Technology Evaluation Centers that are looking to expand."

Sherry Romanado, Member of Parliament for Longueuil—Charles-LeMoyne

"By supporting TEC, the Government of Canada is helping the business acquire the equipment it needs to develop innovative processes and technology that will benefit businesses both at home and abroad. These businesses will then be able to build on innovation—a significant economic driver and a pillar of growth that benefits communities."

The Honourable Navdeep Bains, Minister responsible for CED

"Our focus is on optimizing decision-making, democratizing access for the market as a whole, extending human capabilities through artificial intelligence, and ensuring the impartiality, visibility and credibility of information. Thanks to CED's financial assistance, our infrastructure investments in establishing a smart marketplace are secure."

Yves Payette, President, Technology Evaluation Centers Inc.

Quick facts

• 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 awarded under CED's Quebec Economic Development Program. For more information on CED and its priorities, consult the 2018–2019 Departmental Plan or visit www.dec-ced.gc.ca.
• For 50 years now, the Government of Canada has been actively participating in regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.

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SOURCE Canada Economic Development for Quebec Regions

For further information: Media Relations, Canada Economic Development for Quebec Regions, 514-283-7443, [e-mail]