National Optics Institute: the City of Quebec invests $ 1.4 million in a technology incubator

The City of Quebec is investing $ 1.4 million over three years in the launch of the Quantino technology incubator located in the premises of INO (National Optics Institute), at the Quebec Metropolitan Technology Park.

“I do not consider it to be risky. It is almost not venture capital, because we know that there are so many companies that were born from the spin-off of INO technologies that it will be small, ”assured the mayor. from Quebec, Régis Labeaume, Thursday morning during a virtual press briefing.

According to him, “it will pay off and marketable products will emerge from there. In the medium and long term, we will be winners. There is no doubt”.

For its part, the Quebec government is investing $ 375,000 over three years for this project, the overall budget of which is close to $ 5 million.

High technologies

Quantino is a high-tech business incubator, particularly in optics, photonics, quantum and hardware. It offers infrastructure and services to support entrepreneurs towards the commercial success of their business.

Over 17,000 sq. Ft.2 workspaces, including six new state-of-the-art laboratories, are housed at INO’s head office in Quebec City.

About Victoria Smith

Victoria Smith who hails from Toronto, Canada currently runs this news portofolio who completed Masters in Political science from University of Toronto. She started her career with BBC then relocated to TorontoStar as senior political reporter. She is caring and hardworking.

Check Also

Bell executive leaves for Caisse de dépôt

A vice-president from Bell will move to the Caisse de dépôt et placement du Québec …

Leave a Reply

Your email address will not be published. Required fields are marked *