The Government of Canada supports projects by Plastiques G Plus, Géliko and Innovscan
March 27, 2019 – Rouyn-Noranda, Quebec – Canada Economic Development for Quebec Regions (CED)
Plastiques G Plus Inc., Géliko Inc. and Innovscan Inc. will be better placed to pursue their growth thanks to a total of $579,400 in repayable contributions from Canada Economic Development for Quebec Regions.
The funding will allow Plastiques G Plus Inc. to support its growth and improve its productivity, and Géliko Inc. to acquire and install specialized equipment in a plant in Nunavut. The contribution awarded to Innovscan Inc. will enable this startup business to acquire state-of-the-art equipment.
The financial assistance was announced today by Rémi Massé, MP for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development. The Government of Canada funding will enable the recipient businesses to achieve their established objectives. Their respective projects will generate a total investment of over $1.5 million.
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 contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
"These three businesses have demonstrated an exceptional ability to develop niche products in promising markets. Their drive, boldness and sense of innovation are invaluable sources of progress. CED's financial assistance will help them take full advantage of the business opportunities available to them, and to further contribute to the economic vitality of Rouyn-Noranda and Nunavut."
Rémi Massé, MP for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"By helping businesses invest in equipment and devices to enhance their performance, and supporting them in their efforts to seek out new markets, the Government of Canada is standing by its commitments. Our objectives are to foster expansion, innovation and exports. I am pleased to learn that these projects will lead to the creation of 10 high-quality jobs."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
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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.
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The funding for Plastiques G Plus was provided under CED's Quebec Economic Development Program, whereas the contributions for Géliko Inc. and Innovscan Inc. come from the Regional Economic Growth through Innovation (REGI) program.
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The Regional Economic Growth through Innovation (REGI) 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.
