Plan for a Green Economy 2023 – Collaborative Innovation Projects to Reduce GHG Emissions: The Ministry of Economy, Innovation and Energy of Quebec (MEIE) Grants $19.3 M to CRIBIQ 5th April 2023

Quebec City, April 5, 2023 – The Government of Quebec is granting, through the Plan for a Green Economy 2030, a maximum amount of $19.3 million to the Consortium for Research and Innovation in Industrial Bioprocesses in Quebec (CRIBIQ). The organization will thus be able to provide financial support, as part of the INNOV-R initiative, for collaborative projects between the industrial and research communities aimed at reducing greenhouse gas (GHG) emissions.

Pierre fitzgibbon, Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development and Minister responsible for Greater Montreal and the Region of Montreal, and Benoit Charette, Minister of Environment, Climate Change Control, Wildlife and Parks and Minister responsible for the Laurentian region, made the announcement today.

The projets carried out under the INNOV-R initiative are the result of collaborations between businesses and public research institutions. The new funding will allow the CRIBIQ to continue supporting collaborative research, but also to add a complementary component to future calls for proposals. This new component will make it possible to directly support companies in implementing their GHG reduction innovation projects. Finally, government assistance will also support the coordination of concerted activites to mobilize the concerned stakeholders and will continue to foster the emergence of projects with a high potential for economic and environmental benefits.

Quotes:

"To decarbonize the province of Quebec, we need more initiatives like the CRIBIQ's. Collaboration between research institutions and the private sector stimulates innovation and its deployment. It is by combining innovation and environment that we will succeed in reaching our objectives of GHG reduction while creating wealth across the province."

Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development and Minister responsible for Greater Montreal and the Region of Montreal

"New technologies resulting from industrial research have the potential to contribute significantly to the reduction of GHG emissions in Quebec. By supporting the CRIBIQ and the realization of collaborative projects, our government continues to take concrete actions to decarbonize Quebec's economy."

Benoit Charette, Minister of Environment, Climate Change Control, Wildlife and Parks and Minister responsible for the Laurentian region

"The CRIBIQ encourages innovation to create solutions that are both commercially viable and aligned with the strategies of the Quebec government. Through the INNOV-R initiative, the CRIBIQ, in collaboration with six of the nine industrial research clusters, will support research and development projects with a strong potential to reduce GHG emissions. It will also encourage the promotion of innovation and the transfer of knowledge towards a more decarbonized and economically competitive Quebec industry."

Mohammed Benyagoub, President and CEO of the CRIBIQ

Highlights:

This financial assistance is part of action 2.3.1 of the Plan for a Green Economy 2030, which aims to support innovation, in a structuring way, to stimulate the development of solutions to reduce GHG emissions.
The CRIBIQ is a sectorial industrial research cluster whose objective is to promote and support the realization of innovative industrial projects in the industrial sectors of the bioeconomy in Quebec.
In recent years, financial assistance totaling $34.9 million has enabled intermediation organizations to launch five calls for projects under the INNOV-R initiative.
The projects supported from 2017 to 2021 have a potential to reduce GHG emissions by 4.6 million tons of CO₂ equivalent per year in Quebec.

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