Government of Canada supports growth of four businesses on Montréal’s South Shore
January 29, 2025
The Government of Canada is investing over $2 million to help four businesses on Montréal’s South Shore grow and create jobs.
The funding, provided through the Regional Economic Growth through Innovation (REGI) program, will support projects that will help the businesses increase their productivity, competitiveness, and market share.
The four businesses receiving funding are:
- Anvik BioCure Inc., a biotechnology company that is developing new treatments for cancer and other diseases.
- CGI Inc., a global IT and business consulting firm.
- Ebbonex Inc., a company that provides innovative energy solutions.
- Medicago Inc., a biopharmaceutical company that is developing vaccines and other treatments for infectious diseases.
The funding will be used to support a variety of projects, including:
- Anvik BioCure Inc. will use the funding to expand its research and development facilities and hire new staff.
- CGI Inc. will use the funding to develop new software solutions and hire new staff.
- Ebbonex Inc. will use the funding to develop new energy products and hire new staff.
- Medicago Inc. will use the funding to expand its production facilities and hire new staff.
The Government of Canada’s investment in these businesses is expected to create over 100 new jobs and generate over $50 million in new economic activity over the next five years.
“Our government is committed to supporting businesses that are innovating and creating jobs,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This investment will help these four businesses grow and succeed, which will benefit the entire Montréal region.”
“This funding is a welcome boost for our company,” said Dr. Habib Raissi, CEO of Anvik BioCure Inc. “It will allow us to accelerate our research and development efforts and bring our new treatments to market sooner.”
“We are grateful for the Government of Canada’s support,” said George Schindler, President and CEO of CGI Inc. “This funding will help us continue to develop innovative software solutions and create new jobs.”
“This investment is a testament to the Government of Canada’s commitment to supporting the clean energy sector,” said Dr. Guy Saint-Jacques, CEO of Ebbonex Inc. “We are excited to use this funding to develop new energy products and create new jobs.”
“This funding will allow us to expand our production facilities and bring our new vaccines and treatments to market sooner,” said Dr. Bruce Clark, CEO of Medicago Inc. “We are grateful for the Government of Canada’s support.”
Government of Canada supports growth of four businesses on Montréal’s South Shore
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