CED provides $250,000 in financial support to Technologies Boralife. This contribution is part of the nearly $40 million Canadian government support for innovative projects in Quebec for a green and resilient economy.

Rachel Bendayan, MNA for Outremont and Parliamentary Secretary to the Secretary of Tourism and Deputy Treasury Secretary, on behalf of the Honorable Pascale St-Onge, Secretary of State for Sport and Secretary of State for IBD, announced financial support from the Canadian Government to Boralife Technologies to stimulate the growth of SME Sorel-Tracy .

Boralife Technologies specializes in the development and commercialization of a new ecological and sustainable wood treatment technique based on sodium borate, aimed at making it fireproof and protecting it from insects and mould. The start-up company is supported by the Inkubator-Beschleuniger AG Biocentre based in Lévis.

To help Boralife Technologies get started, CED gave it a repayable grant of $250,000. The Canadian government’s support will allow the company’s exclusive certified refractory wood (boraflame) treatment process to be improved and expanded this know-how is marketed. In the near term, Boralife Technologies’ implementation of this technology will help grow its sales and profitability.

More specifically, CED’s contribution will enable Boralife Technologies to acquire and install automated production equipment, including a stamping line. The project will lead to the creation of four jobs.

“The Canadian government has made concrete commitments to show that a strong economy and a healthy environment go hand in hand. Among other things, we are making strategic investments in clean technologies, which are part of our economic stimulus package. By helping companies like Technologies Boralife de la Montérégie become more innovative and competitive, and by supporting innovation to create greener technologies and products, we are preparing Canadians for the jobs of today and tomorrow. », Rachel Bendayan, MP for Outremont and Parliamentary Secretary to the Minister for Tourism and Deputy Treasury Secretary

“Our government has taken action to help businesses by focusing on innovation, new technology and environmental protection. Today, by supporting Boralife Technologies, we are doing just that. Our support of a new SME developing green and sustainable technology is a compelling example of a project that will reduce Canada’s environmental footprint and promote a green and resilient economy. », The Honorable Pascale St-Onge, MNA for Brome-Missisquoi, Secretary of Sport and Minister responsible for IBD

“This financing will enable Boralife to acquire state-of-the-art industrial equipment used to condition its Boraflame brand refractory wood in accordance with United States building codes. This funding is directly tied to the export of our product to the United States. », Stephane Rompré, President, Boralife Technologies

Canada Economic development for the regions of Quebec