ANNOUNCEMENT 28 Jun 2018
This investment was made through Canada’s Strategic Innovation Fund, which aims to accelerate economic growth, strengthen and expand the role of Canadian firms in regional and global supply chains, support economic strategies, and attract investment.
NUMBER OF INTERVENTIONS
On June 28, 2018 Minister of Innovation, Science and Economic Development, Montréal, Quebec Navdeep Bains announced a Can.$21.1 million (U.S.$16.0 million) subsidy to advanced manufacturing company TEKNA Plasma Systems Inc. The project also received a Can$9.4 million (U.S.$7.1 million) subsidy from the Government of Quebec. The subsidies will help TEKNA produce metallic powders used in additive manufacturing and electronic products. Additive manufacturing, also known as 3D printing, allows for the design of complex metal parts that are lighter and more efficient and environmentally friendly than conventionally manufactured parts.
This investment is being made through the Strategic Innovation Fund, a program that is “designed to attract and support high-quality business investments across all sectors of the economy by encouraging R&D that will accelerate the transfer of technology and the commercialization of innovative products, processes and services and will facilitate the growth of innovative firms.”