The Corporation for Innovation and Development Alma-Lac-Saint-Jean-Est (CIDAL) receives a $ 225,000 grant from the Government of Quebec to start the entrepreneurial incubator Alma-Lac-Saint-Jean-Est . The $ 737,100 project is expected to accommodate five businesses by the end of this year.
The Quebec government awarded close to $ 8.3 million to 34 projects selected during the Startup Quebec and Quebec-France Digital Parcours program calls launched in the fall of 2018. Sixteen projects, including CIDAL, were selected for the incubator, accelerator and university entrepreneurship support category.
Five companies will be selected for the first cycle of this incubator project that could be renamed. “We want to welcome companies focused on innovation. We are not targeting a particular niche sector. We open the bigger doors. We want companies that have an innovation component […] We want people involved who want to live and build an entrepreneurial ecosystem that we want to build, “says the Senior Development Coordinator – Development and Investment Division at the CIDAL and project manager, Martin Belzile, who reminds the importance of choosing quality companies rather than a large quantity.
For a period ranging from two to three years, CIDAL will offer, through this project, multiple support for incubated companies. This will include access to shared services, support and shared costs. At the end of the incubation period, entrepreneurs will continue to benefit from the services and support of CIDAL. “We will continue to follow them to grow on the territory of the MRC Lac-Saint-Jean-Est. It’s a lever for regional development, “adds Belzile.
The incubator will be located in a different location than CIDAL in the vicinity of the Alma Blueberry Box. The 2,500 square foot space will provide enough space for contractors. An official announcement as to the location will be made shortly.
Last September, CIDAL received $ 340,000 from the Desjardins Regional Development Fund. The corporation is waiting for funding responses to complete the financial package for the first years of operation of the incubator.
The new CIDAL service will create two jobs, one coordinator and one administrative support.