CED focuses on regional economic development through innovation by investing $16M over four years to ensure start‑ups succeed.
Business incubators and accelerators play a key role in the creation and development of young innovative businesses in Quebec. They support them at all stages of their development and act as levers for innovation to enable them to generate concrete economic impacts across Quebec.
That is why the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, is today announcing the launch of a call for proposals that will enable CED to support these organizations with up to $16M over the next four years (2024‑2028). This investment aligns with CED's regular programs.
A new approach to better meet the needs of Quebec's start‑ups
CED aims to maximize the regional scope of its support for business incubators and accelerators by fostering concrete spin-offs in the regions, including through better accessibility to their services and improved capacity among innovative start-ups to meet local needs. CED will therefore proceed with a call for proposals targeting non-profit organizations (NPOs) whose primary mission it is to offer incubation and acceleration services to a clientele composed mainly of start‑ups and impact businesses. The organizations will have to demonstrate that they generate concrete impacts in Quebec's different regions.
CED is now accepting, up to May 8, 2024, applications under this call for proposals. Quebec's incubators and accelerators are invited to participate to receive funding under CED's regular programs starting on August 1, 2024, when this new approach will be implemented.
