Organization: Canada Economic Development

The Short Report – Dec. 9, 2020: New funding for pandemic preparedness in LTC homes; a first-of-its-kind biofuel plant for Quebec, and more

Michael Sabia is the new deputy minister of Finance; a consortium of food-based businesses will test new applications for pulse flours; British-based Hg Capital will spend $1.1 billion to assume majority control of Calgary-based Benevity; Canada’s top 50 research universities posted a combined research income of $8 billion in fiscal 2019.

Neptune launches $20-million expansion project

Neptune Technologies & Bioressources has announced a $20-million expansion of its facility in Sherbrooke QC for the production of its phospholipid products for the nutraceutical and pharmaceutical markets. The 3,700-sq-m expansion is being financed with a mix of public and private resources — Investissement Quebec ($3 million grant), Canada Economic Development ($3.5-million interest-free loan), Desjardin…

Ubisoft planning major Montreal expansion

Ubisoft Entertainment Inc is undertaking a $454-million expansion of its Montreal operations with the assistance of the federal the Quebec governments. The France-based developer of interactive entertainment products plans to add 1,000 new jobs in Montreal — its largest R&D centre — boosting its Montreal employment to 3,000 by 2013. The Quebec government is contributing…

MSBi creates subsidiary

MSBi Capital has launched MSBi Valorisation with $4 million in assistance from the regional development agency, Canada Economic Development. MSBi Valorisation will focus on technology projects and early-stage companies and preparing them for further financing….

VisuAide received $4.7M in federal assistance

VisuAide has received $4.7 in federal assistance to undertake a $13.1-million R&D project to develop assistive technologies for the people with visual disabilities. The privately held, Drummondville PQ-based company will develop technology platforms permitting the visually impaired to access print, electronic and directional resources. They include multimedia e-books, orientation aids, braille/graphic displays and low-vision technologies.…