Organization: Government of Quebec

Forest industry emerging as a leader in Canada’s innovation economy

Canada’s forest industry is tapping innovation with the aim of growing the nation’s GDP while slashing carbon emissions. Federal government funding and policy support for the innovation drive has been strong, say industry executives and innovation leaders. But more effort is needed to improve procurement programs and regulations, especially for biochemicals and biomaterials.

Quebec funds space-based planetary monitoring system

The Montreal-based information services company NorthStar will receive $13 million from the Government of Quebec to develop an advanced environmental and near-space monitoring system. NorthStar is creating a digital platform that will integrate data from 40 satellites to provide Earth Observation and Space Object Tracking services, which are considered to be rapid-growth areas in the…

Ontario and Quebec boost cooperation on artificial intelligence & 5G technologies

The governments of Ontario and Quebec have signed a memorandum of understanding to further cooperation in the field of artificial intelligence (AI) with an emphasis on support for 5G technologies. The MOU builds on two existing bi-lateral initiatives — the Evolution of Networked Services through a Corridor in Québec and Ontario for Research and Innovation…

Allostera raised $17 million in VC financing

Montreal-based Allostera Pharma Inc has raised $17 million in series ‘A’ financing to develop a new class of drugs based on the firm’s proprietary Module X platform technology. So-called allosteramers use modified peptides with highly specific targets that can be developed rapidly and can be taken orally, which may make them more widely accepted than…

QUEBEC INCENTIVES FACE OPPOSITION IN MONTREAL

The Government of Quebec‘s ambitious strategy to boost investment and employment in key technology sectors in the Montreal area has run up against stiff opposition from the region’s real estate sector. A study commissioned by several major real estate owners concludes that the government’s financial incentives for E-Commerce Place and Multimedia City could cost the…