Business accelerator Inno-centre gets Quebec subsidy

Announcement made at Terranova WW Corp. in Laval-des-Rapides

Business accelerator Inno-centre gets $15 million subsidy from Quebec
Quebec Minister for Small and Medium Enterprise Stéphane Billette, right, is greeted following his arrival on May 7 at Terranova WW offices where he announced a subsidy to Inno-centre which provides Terranova with guidance and support.

Martin C. Barry

Quebec Liberal Minister for Small and Medium Enterprise Stéphane Billette was at the offices of computer security systems developer Terranova WW Corp. on de l’Avenir Blvd. in Laval on May 7 to announce a $15 million subsidy by the provincial government to Inno-Centre, a business “accelerator” that has helped computer security systems developer Terranova improve its efficiency.

Supporting success

“We are proud to support business accelerators that perform like Inno-centre,” said Billette, who was accompanied by Laval-des-Rapides MNA Saul Polo and Fabre MNA Monique Sauvé.

“They are partners who are essential for the economic development of the regions of Quebec. The assistance they offer to our innovating small and medium enterprises facilitates the acceleration of their growth and expansion internationally.”

“Businesses in Laval, like those elsewhere in Quebec, have an exceptional capacity to innovate and everything that is necessary to expand in foreign markets,” said Polo. “We are therefore happy to offer them, through this important financial support accorded to Inno-centre, customized assistance in order to prepare them to face the various issues involved in export. We are proud at the same time to be able to make this announcement in Laval-des-Rapides and to see that a business here is flourishing.”

Business accelerator Inno-centre gets $15 million subsidy from Quebec
From the left, Fabre Liberal MNA Monique Sauvé, Laval-des-Rapides Liberal MNA Saul Polo, Inno-centre president Claude Martel, Quebec Minister for Small and Medium Enterprise Stéphane Billette and Terranova WW Corp. president Lise Lapointe are seen here at Terranova’s Laval offices following the announcement of a $15 million subsidy by Quebec to Inno-centre.

Facilitating expert advice

“Thanks to this major investment by the government of Quebec, Inno-centre will be able to offer the support of expert advisors of international calibre to hundreds of innovative SMEs in Quebec,” said Claude Martel, president of Inno-centre. “This support, which is being provided during a key moment of their growth, will significantly increase the probabilities that some of them will become future large businesses.”

“For more than 30 years, Inno-centre has been contributing to the growth and the success of businesses in the regional of Laval, such as Terranova WW Corp., and everywhere in Quebec,” Mille-Îles MNA Francine Charbonneau said in a statement.

Helping small business

“It is therefore with great enthusiasm that we help it today to improve its support to innovative SMEs, of which several are active in the innovative manufacturing sector, so that they can stand above their competitors internationally,” she continued.

“This kind of assistance program meets the goals of Investissement Québec’s Manufacturing Initiative, which aims to increasingly support the innovative manufacturing sector in all the regions, but notably here in Laval.”