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A new bioproducts processing and conversion centre to open in Saguenay

The Government of Canada awards $4,000,000 in financial assistance to the Université du Québec à Chicoutimi’s Centre d’entrepreneuriat et d’essaimage (CEE-UQAC) to implement one-of-a-kind infrastructure
Saguenay, Quebec – Canada Economic Development for Quebec Regions (CED) - Innovations in biosourced products, bioprocesses and other by-products offer tremendous potential by encouraging the adoption of clean technologies that will be used to design and manufacture innovative products in new and different ways.
Opting for a collaborative approach with industry, the Université du Québec à Chicoutimi's Centre d’entrepreneuriat et d’essaimage (CEE-UQAC) will receive $4,000,000 in financial assistance from Canada Economic Development for Quebec Regions to develop its new bioproducts processing and conversion centre (CTVB) in Saguenay.
The funding was announced today by Richard Hébert, Member of Parliament for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion. The Government of Canada’s assistance will help this non-profit organization implement advanced technological and industrial infrastructure that will benefit companies and organizations.
With investments of over $5.2 million, the CTVB will contribute, through its technology transfer capabilities, to diversifying and strengthening entrepreneurship in the clean technology, natural products, forestry, agri‑food, pharmaceutical, cosmetics and nutraceutical industries.
Active for more than 20 years, CEE-UQAC’s goal is to promote entrepreneurship and support business creation in the university and college communities of Saguenay–Lac-Saint-Jean. In addition to its primary mission, it also aims to contribute to the emergence of innovative projects through its four specialized centres: two in the aluminum sector, one in video and computer game technology development, and, most recently, one in bioproducts.
The Government of Canada is committed to stimulating innovation to increase the productivity and long‑term competitiveness of Canadian businesses. Breakthroughs in the development of new manufacturing processes and clean technologies are catalysts for progress and generate growth that benefits businesses and communities.
Source : Government Of Canada

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