TANGIBLE FINANCIAL ASSISTANCE FOR THE INNOVATIVE MANUFACTURING SECTOR
Aéro Montréal welcomes the Québec government’s commitment to support innovation
Montréal, April 14, 2016 — Aéro Montréal, Québec’s aerospace cluster, is delighted with an initiative of the Ministry of the Economy, Science and Innovation regarding the allocation of $500 million over three years from the funds of Investissement Québec (IQ) and the Economic Development Fund to support the innovative manufacturing sector across the province. This announcement was made today by Dominique Anglade, Minister of Economy, Science and Innovation and Minister Responsible for the Digital Strategy.
“Innovation is central to the development strategies of Québec companies in the aerospace sector, for prime contractors as well as for equipment manufacturers and SMEs,” says Suzanne M. Benoît, President of Aéro Montreal. “By supporting manufacturers who choose to invest in innovation, the Québec government is acting directly on the factors that will boost the productivity of Québec companies and, by extension, the growth of Québec as a whole.”
By supporting our sector and setting up a special fund for innovative companies, the Québec government is effectively helping companies to carry out their projects and thereby ensuring the prosperity of the entire province in the short, medium and long term.
“More than ever, the competitiveness of our companies is a priority for our government,” said Ms. Benoît. “By harmonizing the actions of the Ministry of Economy, Science and Innovation with government corporations such as the CRIQ and IQ, the government is ensuring the real growth of our innovative companies, our flagships of the future. This strategy will contribute actively to the development of the high value-added aerospace sector which is generating increasing revenues every year. In 2015, they totalled $15.5 billion, an increase of more than 12% compared to 2014.”
About Aéro Montréal
Created in 2006, Aéro Montréal is a strategic think tank that groups all major decision makers in Québec's aerospace sector, including companies, educational and research institutions, as well as associations and unions.
Aéro Montréal’s mission is to engage Québec's aerospace cluster with a view to increasing its growth and expansion on the global scene. Its vision is to become a benchmark in global aerospace. To this end, it champions the following values: excellence, engagement, collaboration, versatility and innovation.
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Gwenaël Brisé
Manager, Communications
Aéro Montréal
Off. : 514 987-9395 | cell. : 438 497-3857
gwenael.brise@aeromontreal.ca