Three Quebec SMEs Get Federal Funding
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), announced over $1.9 million in non-repayable contributions to three Quebec companies: Comptoir Agricole Ste-Anne Inc. (CASA), Mécadémic Inc., and Groupe Somac Inc.
"By introducing a strategy to support businesses in the steel and aluminum sector, the Government of Canada has chosen to support innovative Canadian businesses that are coming up with new ways of creating value and are looking to capture new markets,” said Bains. “The financial assistance awarded to CASA, Mécadémic and Groupe Somac is intended to provide concrete support for SMEs that have demonstrated their expertise and their commitment to ensuring their growth by capitalizing on innovation, while also creating well-paid jobs for the middle class."
CASA, a Repentigny SME that specializes in the sale and installation of agricultural equipment used for grain handling, will receive $1 million in funding. This will allow it to acquire and install production equipment, including a laser cutting machine and a device for optimizing the management of raw material and product flows, and to automate its production lines to ensure its growth.
Montréal company Mécadémic, which designs, manufactures and markets some of the most compact and high-precision industrial robotic arms on the market, gets $656,251 in funding. Tthe company will be able to set up an electronic board assembly line, automate its assembly process using, its own robots, and carry out marketing activities for its innovative products.
Groupe Somac, based in Mirabel and specializes in the production of aluminum shelters, will purchase a five-axis machining centre and will upgrade its products. The $250,000 in funding will allow the company to streamline the shelter installation process and make the shelters accessible to a broader clientele.