Aéro Montréal receives $3M from Feds
By Wings Staff
Aéro Montréal, a think tank created in 2006 to represent the interests of Québec's aerospace sector, received $2.977 million in funding to support the development of the StartAero360° initiative. The funds, announced in in Gaspé by Navdeep Bains, Minister of Innovation, Science and Economic Development, are part of a federal strategy for innovation and growth of Québec regions.
By Wings Staff
The StartAero360° initiative aims to support Québec aerospace technology SMEs in the pre-commercialization phase of their innovative products, collaboratively responding to a business opportunity that requires the development of an industrial proof of concept. The initiative, according to Aéro Montréal, aims to support 30 SMEs over three years with a total budget of $4.385 million, of which $1.4 million will be provided by the private sector.
The initiative aims to promote and accelerate the adoption of breakthrough innovations on the market; support entrepreneurship and job creation in Canada by enabling SMEs to grow through the commercialization of new products; and boost the presence of Canadian industry internationally through the adoption and export of new and innovative technologies.
Aéro Montréal points to helping with breakthrough products like digital technologies, metadata, artificial intelligence and additive manufacturing. “Our technology SMEs are still struggling to get past the pre-commercialization phase, which is necessary to ensure their commercial success,” said Suzanne Benoît, president of Aéro Montréal. “The StartAero360° initiative has been developed to give our SMEs the support they need to pre-commercialize their most innovative products.”