Québec International is celebrating the announcement today by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, that the Government of Canada is funding an AI-driven supply chain supercluster.
Québec International has released the results of its 8th annual Conjoncture survey (Conjoncture 2018), a business confidence survey of CEOs in the greater Québec City area. The survey, which was conducted by Léger from January 8–19 and questioned 175 business leaders in the area, indicated that it’s all systems go when it comes to 2018’s economic prospects.
Today, during a meeting at Frima Studio between Québec City area independent video game studios and industry leaders, program partners launched the 2018 edition of CATAPULTE. The highly successful and teamwork-oriented initiative has fuelled the growth of the video game industry and the Québec City area’s economy.
Montréal International and Québec International have joined forces to promote Québec’s advantages and its Life Sciences and Health Technologies (LSHT) industry to foreign investors around the world. With Dominique Anglade, Deputy Premier of Québec and Minister of Economy, Science and Innovation, and Gaétan Barrette, Minister of Health and Social Services, in attendance, a new video highlighting the appeal of the sector was launched before 150 partners and key players from the LSHT ecosystem.
Presented by Québec International in collaboration with BIOQuébec, Génome Québec, Norton Rose Fulbright, Innovative Medicines Canada and AmorChem, the Québec City Healthcare Industry Forum will take place on December 5 and 6, 2017. With more than 250 key players in the field—researchers, managers, industrialists and decision-makers alike—the Forum is Québec City’s largest annual meeting for the life sciences sector.
Carl Viel, Québec International (QI)’s Chief Executive Officer, is proud to announce that the region and its Economic Development Agency have received a record 12 prizes over the past few weeks. Several QI initiatives dedicated to promoting the region, attracting foreign talent and supporting key regional clusters were deemed to be among the best in the world.
New Global Talent Stream to help Quebec businesses innovate and grow
Marking the grand finale of the third edition of the CATAPULTE program, Carl Viel, CEO of Quebec International, Denis Laforest, general manager of Caisse Desjardins Quebec City and the various partners are pleased to announce that the independent video game studio Polymorph Games is this year's grand prizewinner.
As part of an international outlook event (Perspectives internationales 2017), Carl Viel, President and CEO of Québec International, and Caroline Roy, Vice-President of Léger's Quebec City office, released the results of the annual business confidence survey of CEOs in the Greater Quebec City region (Conjoncture 2017).
The Chamber of Commerce of Metropolitan Montreal (CCMM) and Quebec International are pleased to announce the names of the 23 companies that will be taking part in the fourth edition of the SME Passport program (Passeport PME). Over the next 18 months, these companies will benefit from a comprehensive training and guidance structure overseen by the CCMM's ACCLR international trade experts and by Québec International.
Québec International would like to take this opportunity to express its solidarity with all of Quebec City's Muslim community in the wake of last night's tragic events at the local Islamic cultural centre (Centre culturel islamique de Québec).
The CEO of Quebec International, Carl Viel, and the General Manager of Quebec City Caisse Desjardins, Denis Laforest, are proud to announce the launch of the third edition of Catapult, a unique accelerator program for independent video game studios in Quebec City. After two successful editions, Catapulte, initiated by the digital arts and interactive entertainment sub-sector (ANDI), is back in force for a third year with a new and improved format.
Ushering in 2017, Quebec City's Economic New Year (Rentrée Économique) will bring together a roster of renowned experts who will discuss the economic outlook and related issues for 2017. Organized by Québec International, the Quebec City Chamber of Commerce and Industry (CCIQ), the Lévis Chamber of Commerce (CCL), the Quebec Association of Economists (ASDEQ/Quebec City chapter) and the Quebec Financial Circle (CFQ), the program of activities for the seventh edition of this event will run from January 17 to February 2.
The Québec City region is outperforming its rivals when it comes to business operating costs. The 2016 edition of KPMG's Competitive Alternatives confirms that Québec City continues to be ranked #1 worldwide among comparably sized urban areas (i.e. over 500,000 inhabitants in mature markets) in terms of its competitive cost advantages. According to this biennial study, it is 16.1% cheaper to set up a company and do business in Québec City, compared with the US average — a marked improvement over the 2014 result (9.3% cheaper).
Opsens Inc. is pleased to announce receipt of orders worth over $1.2 millionfor its products to measure Fractional Flow Reserve ("FFR") from the Japanese market. Opsens' FFR products are designed to optimize the diagnostic and guide treatment in patients with coronary heart disease. The orders placed by Opsens' Japanese distributor, a player in interventional cardiology at the head of a well-organized distribution network, more than double Opsens' FFR revenues from fiscal year 2015.
H2O Innovation Inc. announced that it was recently awarded three new contracts in an aggregate amount of $8.9 million for the design of potable water treatment systems. These new contracts bring the sales backlog to a high level of $44.3 million as at November 5, 2015, excluding the sales backlog from its Specialty Products and Services business lines (PWT, Piedmont and H2O Innovation Maple). H2O Innovation is proud to have been selected by three different water authorities for the design, manufacture and commissioning of ultrafiltration (UF) systems to service municipal clients. These systems are located in Oregon, Texas and Virginia.
Coveo, a recognized leader in intelligent search, has secured $35 million in Series D financing to fund the company's aggressive growth. The round was led by IQ Venture Capital with participation from existing investors, including Tandem Expansion Fund, BDC Capital, Propulsion Ventures SEC, Fonds de solidarité FTQ, and Coveo CEO Louis Tetu. Coveo has raised $75 million in financing to date.
ABB, a world leader in energy and automation technologies, celebrated the official inauguration of its new high-tech Measurement & Analytics facility in Quebec City today in the presence of Jacques Daoust, Minister of the Economy, Innovation and Exports, Régis Labeaume, Mayor of Quebec City, and Nathalie Pilon, the newly appointed President and Chief Executive Officer of ABB Canada. The new 85,000-square-foot facility is located in the Espace d'innovation Michelet, a next-generation technological park in Quebec City, and represents a $20-million investment. The building is LEED-certified, aligning with ABB's commitment to sustainable development. This project was executed in cooperation with Groupe Commercial AMT and Quebec City.
Medicago, a leading Canadian company in the development and production of plant-based therapeutics and vaccines, has been awarded a contract by the Public Health Agency of Canada (PHAC) to develop two antibodies to fight the Sudan strain of the Ebola virus. Medicago will produce these antibodies at its facility in Quebec City.
Olympus NDT Canada Inc. announces the purchase of 33,000 m2 of land in Québec City’s Michelet Innovation Zone and the start of construction on a new office and manufacturing complex. Olympus NDT Canada currently leases space in three locations in the Québec City area. Purchasing this land demonstrates Olympus’ commitment to the region and enables business and manufacturing operations to be consolidated in a single location.
The scientist who led the work to develop the Ebola drug ZMapp is going to be leaving the National Microbiology Laboratory in Winnipeg. Dr. Gary Kobinger is the lab's chief of special pathogens, heading a team that works on some of the world's worst disease threats. Kobinger will be vacating that position next June to become the director of the Centre for Research in Infectious Diseases at Laval University in Quebec City.
EXFO Inc. announced it has obtained a multi-million dollar order from a government entity in the Asia-Pacific region for a fiber monitoring system that will monitor a mission-critical, high-speed, IP/MPLS network spanning over nearly 3,000 kilometers.
Québec International (QI) released the 2014 highlights from its annual report earlier this spring. In the coming weeks we will examine QI’s results and the kind of work our professionals perform as part of our six mandates. Discover the talents of our foreign investment experts.
Université Laval has obtained the largest research grant in its history for the massive Sentinelle Nord research program: a $98 million award from the federal government’s $350 million Canada First Research Excellence Fund.
Opsens Inc. announced it has received Health Canada's approval to commercialize the OptoWire and OptoMonitor, its products developed to measure Fractional Flow Reserve ("FFR"). FFR is used to optimize the diagnosis and guide the treatment of patients with coronary heart disease.
INO is pleased to announce that it has earned a Gold Canada Awards for Excellence under the Quality category. The prize will be officially presented on October 29, 2015, at the Sheraton Centre Toronto Hotel, on the occasion of the Excellence Summit & Canada Awards for Excellence.
Medicago, a major Canadian biotech company and an international leader in the development and production of plant-based vaccines and therapeutics, is proud to announce that Quebec City will be home to its new production complex. The $245 million project will create 200 new high-skilled jobs by 2019, adding to the team of 180 employees already working at Medicago’s Quebec City office and laboratories. The project is expected to generate more than $461 million in direct and indirect economic benefits over the next five years.
B-TEMIA Inc., a market leader in human augmentation, announced the closing of a private placement with a group of Canadian private investors and the Toronto-based private healthcare fund, Epic Capital Management Inc., a boutique investment firm focused on Canadian small and mid-cap securities. This new financing confirms a 60% increase in B-TEMIA's value creation over the last year.
French multinational OVH, a backronym for “On vous héberge” or “We Host You,” announced on Thursday, April 16, that it had chosen Québec City as the home for its North American R&D centre. The centre will specialize in, among other things, customer experience, and will hire 50 highly skilled employees.
Université Laval and ABB announce today the final phase of a major development project for an astronomical measurement instrument offering unsurpassed precision. Named SITELLE (Wide-field Imaging Fourier Transform Spectrometer), this instrument integrates several advanced technologies that will be installed at the Canada-France-Hawaii Telescope (CFHT), one of the most productive telescopes in the world, located at the summit of Mauna Kea on Hawaii's Big Island. SITELLE will analyze the characteristics of the light emitted by each component of large astronomical objects such as nebulae and galaxies, making it possible to analyze these celestial objects as never before.
A new chapter has opened in the history of Frima, Canada’s biggest independent videogame company, with the arrival of two new investors and partners, Fonds de solidarité FTQ and European entertainment powerhouse Média-Participations. The $7.5 million investment will equip the Quebec City studio to pursue its mission as a leader in the development and sale of entertainment products and brands.
Larian Studios, the award-winning Belgian developer of hits like Divinity: Original Sin and Divinity: Dragon Commander, officially announced its plans to establish a studio in Quebec City. Larian Québec, a subsidiary of the acclaimed developer, will begin work on new games and take advantage of the talent and creativity that abound in Quebec City. The company is currently in hiring mode and aims to employ 40 people in Quebec City over the next three years.
According to the 2015-2016 American Cities of the Future rankings compiled by UK-based fDi Magazine, which is published by the Financial Times Group, Quebec City placed in the Top 10 in two categories (Business Friendliness and Best fDi Strategy). A total of 421 cities in the Americas were evaluated by fDi Intelligence, a division of the Financial Times, and divided into five groups based on population size. Quebec City is in the mid-sized cities group, which includes urban areas with populations of more than 200,000 inhabitants and metropolitan regions with more than 750,000 inhabitants.
Nordic Life Science Pipeline is proud to launch the recruitment and testing of volunteers for the double-blind, randomized clinical study (phase II) of SQIN™, the first dermatologic product of its new biocosmeceutical division called NORBIODERM. NORDIC intends to be first in specializing on dermatological products for chronic dry skin conditions (xerosis) typically experienced by individuals with paralysis and/or mobility impairment. Pending upon these results, commercialization of SQIN™ may be announced as early as Q3-2015.
Creaform, worldwide leader in portable 3D measurement solutions and 3D engineering services, announced the opening of its US-based corporation and offices in Costa Mesa, California. The opening of this new office is the result of the growing demand for Creaform’s portable measurement solutions as well as its dedication to better support its ever-expanding US customer base. Moreover, it complements Creaform’s current American presence.
EXFO Inc. (NASDAQ: EXFO, TSX: EXF) announced the addition of the FIP-435B Fully Automated Wireless Fiber Inspection Probe to its market-leading portfolio of portable fiber-optic test equipment. EXFO now allows connector testing to reach new heights by swapping the standard wire for a Wi-Fi connection to Android(TM) smart devices.
Videotron is pleased to announce that it has acquired 4Degrees Colocation and its data centre, the largest in Québec City. The amount of the transaction is $31.5 million, which could increase to $35.5 million if certain targets are reached. Acquisition of the data centre will give Videotron Business Solutions a significant advantage when it comes to offering bundled services to Québec businesses, which are increasingly interested in digitizing and decentralizing their data servers. 4Degrees is one of the few data centres in Québec to be Tier III certified by the Uptime Institute. Tier III is an international standard that ensures maximum reliability and operational sustainability.
Québec International's mission is to contribute to the economic development of the Québec City metropolitan region and enhance its international status. As a regional economic development agency, Québec International fosters growth and development, supports key business sectors and attracts talent and investment to the region. The agency is supported by public and private partners; particularly with the financial support from the Government of Québec (ministère de l'Économie, de la Science et de l'Innovation, Emploi-Québec, Secrétariat à la Capitale-Nationale/National Capital office), Economic Development Canada and the Ville de Québec.