DEC grants a $227,665 financial contribution to the Magdalen Islands Innovation and Development Corporation

MADELEINE ISLANDS, QC, January 18, 2022 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED)

Business accelerator and incubator La Vague offers a space for acceleration and growth to entrepreneurs who wish to develop innovative and promising projects for the region. To support the organization in the pursuit of its activities, Canada Economic Development for Quebec Regions is granting the Corporation d’innovation et de développement des Îles-de-la-Madeleine a non-repayable contribution of $227,665.

The Honorable Pascale St–Onge, MNA for Brome–Missisquoi, Minister of Sports and Minister responsible for CED, accompanied by the Honorable Diane Lebouthillier, MNA for Gaspésie‒Les Îles-de-la-Madeleine and Minister of National Revenue, announced this funding today. The aid will allow La Vague to continue to provide personalized support to anchor structuring projects and propel forward companies with strong growth potential and impact on the region.

The government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. of Quebec economic recovery relies on organizations that are well anchored in the regional economy. They are major contributors to growth, as well as essential assets for rebuilding a stronger, more resilient and fairer economy for all.

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“Helping companies innovate to grow and increase their competitiveness is at the heart of our priorities. This is why we support La Vague which, thanks to the government of Canada will continue to support entrepreneurs in the launch and growth of their projects. This support for innovative businesses, which is one of the commitments set out in our economic recovery plan, will not only allow the Îles-de-la-Madeleine to diversify its economy, but also the Canadian economy to rebound even stronger than ‘previously. »

The Honorable Pascale St-Onge, MNA for Brome–Missisquoi, Minister of Sports and Minister responsible for CED

“Organizations like La Vague are essential to allow our beautiful region to develop economically and shine. By supporting this business incubator and accelerator, the Government of Canada helps build the next generation of innovative entrepreneurs who will continue to energize the Magdalen Islands economy. »

The Honorable Diane Lebouthillier, MP for Gaspésie‒Les Îles-de-la-Madeleine and Minister of National Revenue

“After a first year of activity in the community, we are proud to note that already more than 50 entrepreneurs have benefited from at least one of our mentoring products. That is to say that we respond to needs and have a tangible impact on the life of our region. economic growth. The contribution granted today is excellent news for the innovation and development of companies that evolve in contact with The Wave.

Gino Thorne, General Manager, Magdalen Islands Innovation and Development Corporation

Fast facts

• The funds were granted under CED’s Regional Economic Growth through Innovation program. This program is aimed at entrepreneurs who rely on innovation to grow their business and increase their competitiveness, as well as regional economic actors contributing to creating an entrepreneurial environment conducive to innovation and growth for all, in all the regions.
• CED is a key federal partner in of Quebec regional economic development. With its 12 regional business offices, CED supports businesses, support organizations and all regions of Quebec in tomorrow’s economy.

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SOURCE Canada Economic Development for Quebec Regions

For further information: Media Relations: Canada Economic Development for Quebec Regions, [email protected]; Ariane Joazard-Bélizaire: Press Attaché, Office of the Minister of Sports and Minister Responsible for Canada Economic Development for Quebec Regions, [email protected]