Monday, 11 February 2019

Expansion of Centech: Inauguration of innovation spaces open to major companies. Centech to receive $625,000 from the Ministere de l’Economie et de l’Innovation

Expansion of Centech: Inauguration of innovation spaces open to major companies

Centech to receive $625,000 from the Ministere de l’Economie et de l’Innovation

 MONTREAL, February 11, 2019. Earlier today Centech, the technology company accelerator of the École de Technologie Supérieure (ÉTS) inaugurated its new corporate spaces dedicated to open innovation. The event took place in the presence of Pierre Fitzgibbon, Minister of Economy and Innovation, before a room filled with dignitaries, entrepreneurs and representatives of major companies.

“The purpose of this program is to use major company drivers to generate high-impact tech innovations using the creativity and genius of students, experts and innovative young companies,” explained Richard Chénier, Centech CEO. “The goal is to create marketable products and design concrete solutions for the company.” It has become important for Quebec’s entrepreneurial ecosystem to create an environment in Montreal especially for open innovation catering to major organizations.

“In artificial intelligence, robotics, agricultural and life science technologies, Quebec has become one of the primary innovation ecosystems in the world. The program created by Centech will promote exchanges among the preeminent players in the public and private sectors, technology entrepreneurs and the research community,” mentioned Minister Pierre Fitzgibbon.

The ten new innovation spaces offer organizations special access to experts and researchers of all kinds to complete projects related to technological innovation, they will also benefit from support from the Centech team with regard to intern recruitment, innovation processes, R&D programs, etc. Major companies will be able to participate in various activities, conferences and workshops offered by Centech to stimulate the environment and promote fruitful exchange. Several major organizations have already confirmed their presence, including CAE, Port de Montréal, Siemens, Thales, Ultra and several others.

“I would like to take the opportunity provided by today’s event to confirm the awarding of two financial grants as part of the entrepreneurship aid program’s Startup Québec competition. The ministère de l’Économie et de l’Innovation [Ministry of the economy and innovation] is granting $225,000 for the project to add Industry 4.0 cohorts specialized in construction technology and agrotechnology. The aim of the project is to create more than 15 high-tech SMEs (small and medium enterprises) by 2021,” announced Pierre Fitzgibbon. “As well, I am confirming that Centech will also receive $400,000 for the implementation of the Collision Centech – Excubation project, whose goal is to have major companies work more closely with startups,” added Minister Fitzgibbon.