The Government of Canada awards nearly $560,000 in financial assistance to Lumca, WikiNet and Ondia
March 12, 2019 – Québec City, Quebec – Canada Economic Development for Quebec Regions (CED)
Lumca Inc., WikiNet and Ondia Inc. will be able to complete their development projects with the help of a total of $559,500 in repayable contributions from Canada Economic Development for Quebec Regions.
With this financial assistance, Lumca will be able to improve its productivity and roll out its North American marketing strategy, while WikiNet intends to increase its overall sales and export levels. The contribution paid to Ondia will help the company continue improving its product and increase its international market shares.
The funding was announced today by Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Finance. The Government of Canada's assistance under CED's Quebec Economic Development Program and Regional Economic Growth through Innovation program will help the recipient businesses achieve their set objectives. Their respective projects will generate total investments of nearly $1.7M and create 27 jobs in Québec City.
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. In addition to generating growth, initiatives like these contribute to the economic vitality of the regions, the creation of jobs and the improvement of citizens' quality of life.
"These three businesses demonstrate an exceptional ability to develop niche products in promising markets. Their drive, boldness and sense of innovation are sources of invaluable progress. CED's assistance will allow them to take full advantage of future business opportunities and further contribute to the economic vitality of the greater Québec City area."
Joël Lightbound, Member of Parliament for Louis-Hébert and Parliamentary Secretary to the Minister of Finance
"By helping businesses invest in equipment and tools that will make them more productive, and by supporting them in seeking out new markets, the Government of Canada is remaining true to its commitments. Our objectives are to drive expansion, innovation and exports. I am also delighted to know that these projects will contribute to creating 27 quality jobs in Québec City."
The Honourable Navdeep Bains, Minister responsible for CED
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.
