The Canadian government is investing $1.4 million in the Centre québécois d’innovation en biotechnologie.
Based in Laval, the Centre was founded in 1995 to specializes in biotechnology in Quebec and the first life sciences incubator in Canada. It offers pre-incubation and incubation programs, as well as consulting services in business development, financing, and technical support.
“The Government of Canada is committed to investing in job creation to grow the economy and create wealth for Canadians,” said Navdeep Bains, Minister of Innovation, Science and Economic Development. Bains is also the Minister responsible for Canada Economic Development for Quebec Regions. “That is why we are supporting the CQIB, whose priority is to foster the creation of new innovative businesses.”
The non-repayable contribution will help the Centre cover its operating costs over a three-year period.
“For the City of Laval, the CQIB is the spearhead of the Cité de la Biotech,” said Marc Demers, mayor of Laval. “Thanks to this incubator, 54 companies have been launched, with more to come. I am proud that the City of Laval is world-renowned in the life sciences and health technology sector.”