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Canada Economic Development announces new funding in Quebec for multimedia projects

News | 11/14/2002 5:00 am EST

Even as the Alliance numériQC rushes to defend state intervention by the province in the multimedia industry, the Canadian government has stepped up to the plate by adding a second round of $2.4 million to an experimental multimedia fund. On November 12, Canada Economic Development (CED) announced it would pump the additional money into the fund to renew it through 2005. The fund targets pre-start-up assistance with the goal of helping young firms win additional investment. The announcement was made at the Alliance NumériQC’s Financing and Entrepreneurship Forum.

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