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Parliamentary Secretary Lametti discusses the Strategic Innovation Fund with Châteauguay business leaders


The $1.26-billion fund will help Canadian businesses start up, scale up and turn their ideas into reality

SAINTE-MARTINE, QC, Nov. 17, 2017 /CNW/ - The Government of Canada's Strategic Innovation Fund will support the growth and scale-up of high-potential firms across all industries, especially small and medium-sized companies that have the potential to grow into large anchor companies. 

That was the message delivered by David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, to business leaders during a round-table discussion hosted by the Chambre de commerce du Grand Châteauguay (French site).

Parliamentary Secretary Lametti spoke about how the fund will attract and support high-quality business investments across all sectors of the economy, as well as the four types of innovation activities that it will support:

This fund is part of the Government's Innovation and Skills Plan to create well-paying jobs and strengthen the middle class by investing in high-growth sectors where Canada has a globally competitive advantage.

Quote

"Our government is making the smart and responsible investments that have resulted in better jobs and opportunities for businesses in Châteauguay and across Quebec. We want to ensure that the benefits of growth are shared by everyone. That's why our government is investing in the Strategic Innovation Fund. This fund will transition Canada to a high-value economy that competes globally based on the most innovative solutions developed by Canadians with the skills for the well-paying jobs of today and tomorrow."
? David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development

Quick facts

Associated link

Follow the department on Twitter: @ISED_CA

 

SOURCE Innovation, Science and Economic Development Canada


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