Doric Lenses, Développement Solugen, Squeeze Studio Animation, Gentec Electro-Optics and Devoray will be able to step up their innovation and marketing activities

Proponent

Contribution ? Investment ? Description of the project

Doric Lenses Inc.

Repayable contribution of $550,000 out of a total investment of $1,500,000

Founded in 1995 by Dr. Sead Doric (former researcher at the National Optics Institute [INO] in Québec), Doric Lenses is a world-class, highly innovative SME that designs, manufactures and markets specialized optical components and provides fiber-optic R&D services. Doric Lenses is also a global leader in the manufacturing and development of neuroscience equipment.

The goal of the project, which will create four jobs, is to expand the business internationally. The strategy is two-fold and involves improving its productivity and production capacity, and marketing new products.

CED's contribution will go toward all project activities, including the purchase of machinery used to manufacture specialized optical components.

Développement Solugen Inc. 

(website in French only)

Repayable contribution of $250,000 out of a total investment of $1,150,000 

Established in 2015, Développement Solugen is an innovative start-up specializing in the design, manufacturing and marketing of liquid hog manure processing systems.

The purpose of the project, which will create four jobs, is to complete marketing activities and improve the business's innovation capacity.

CED's contribution will go toward the cost of manufacturing, installing and operating a first production unit that will serve as a technological showcase for the development and marketing of the product, and the protection of all developed intellectual property.

Squeeze Studio Animation Inc. 

Repayable contribution of $200,000 out of a total investment of $650,000

Founded in 2011 by Denis Doré and Patrick Beaulieu, Squeeze is a world-renowned 3D animation studio boasting a team of talented and passionate creators who develop larger?than-life characters through the magic of 3D animation. Owing to its outstanding production quality, the business works with some of the most prestigious local and international partners and stands out by designing original creations that leave their mark.

For example, the television series Cracké is aired by major television broadcasters in 210 countries and territories and has garnered more than 200 million views on digital platforms worldwide.

The project aims to improve the productivity of the business, which specializes in high?quality 3D animation. Key project activities include enhancing the production platform's performance and carrying out leasehold improvement work.

CED's contribution will go toward the purchase of software and equipment and support the hiring of a technology director. The project will create five jobs.

Gentec Electro-Optics Inc. 

Repayable contribution of $100,000 out of a total investment of $270,000

Founded in 2000, Gentec Electro-Optics (Gentec-EO) is a highly innovative exporting SME that designs, manufactures and markets laser measurement products. It is the only Canadian business operating in the niche laser energy, laser power and laser beam intensity profile measurement products market.

The goal of the project is to support the business's exports and marketing capacity by updating and integrating a product selection application into its website. CED's contribution will cover all project costs.

In addition to maintaining one short-term job, the project will help the business increase its exports, resulting in the creation of many new jobs.

Devoray

9328-8082 Québec Inc.

Repayable contribution of $75,000 out of a total investment of $335,000

Founded in 2015, Devoray is an innovative business that designs, manufactures and markets 3D-printed food products. 3D printing technology is best known for its use in the plastic and metal industries, but its use is also growing in the food sector.

The purpose of the project, which will create one job, is to increase the start-up's marketing efforts and productivity. CED's contribution will cover all project costs, namely, the completion of marketing activities, including the hiring of one resource, and the purchase, adaptation and installation of specialized equipment to optimize Devoray's production.