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Quebec technology startup fund near-certain of expanded second round

News | 10/18/2001 4:00 am EDT

A successful grant program for Quebec multimedia startups is "99 per cent" certain that it will receive a second round of funding from the federal government that will exceed the previous round by about 30 per cent. Program administrator Susan Harvey says the money, earmarked for the Fonds d’expérimentation en multimédia, should be worth $3 million over three years from Canada Economic Development, tagged for technology startups with commercial potential. It will be another three or four months, however, before full approval for the funding is granted.

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