Backgrounder: Government of Canada invests in innovation ecosystem with support for Quebec’s incubators and accelerators
The Government of Canada is investing $6.5 million in Quebec’s incubators and accelerators to support the growth of innovative businesses and create jobs. This investment will help these organizations provide essential services to entrepreneurs, such as mentorship, training, and access to financing.
The funding will be distributed through the Regional Economic Growth through Innovation (REGI) program, which supports projects that promote economic growth and job creation in all regions of Canada.
The following incubators and accelerators will receive funding:
- Accelerateur de croissance des entreprises technologiques (ACET): $1.5 million
- Centech : $1.5 million
- Centre d’entrepreneuriat Poly-UdeM : $1.5 million
- École des entrepreneurs du Québec : $1 million
- Fondation Inovia : $1 million
These organizations play a vital role in the innovation ecosystem in Quebec. They provide entrepreneurs with the support they need to develop and grow their businesses. This investment will help them continue to provide these essential services and contribute to the economic growth of the province.
The Government of Canada is committed to supporting innovation and entrepreneurship in all regions of the country. This investment in Quebec’s incubators and accelerators is part of that commitment.
Quotes
“Our government is committed to supporting innovation and entrepreneurship in all regions of Canada,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This investment in Quebec’s incubators and accelerators will help these organizations continue to provide essential services to entrepreneurs and contribute to the economic growth of the province.”
“This investment is a testament to the Government of Canada’s commitment to supporting the growth of innovative businesses in Quebec,” said the Honourable Mélanie Joly, Minister of Economic Development and Official Languages. “These incubators and accelerators play a vital role in the innovation ecosystem in the province, and this funding will help them continue to provide the support that entrepreneurs need to succeed.”
Quick facts
- The REGI program supports projects that promote economic growth and job creation in all regions of Canada.
- The program is delivered through four streams: Business Innovation, Community Economic Development, Tourism, and Innovation Ecosystems.
- This investment in Quebec’s incubators and accelerators is part of the Innovation Ecosystems stream.
- The Government of Canada has invested over $1 billion in the REGI program since 2018.
Associated links
- Regional Economic Growth through Innovation program
- Accelerateur de croissance des entreprises technologiques
- Centech
- Centre d’entrepreneuriat Poly-UdeM
- École des entrepreneurs du Québec
- Fondation Inovia
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