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Development of the biotechnology sector

  • Introduction of the Bio-Levier capitalization loan program for growing companies that have progressed beyond the start-up phase. An envelope of $100 million is allocated for biotechnology companies, as of 2002-2003, to support their development and marketing activities.
  • Creation of two new biotechnology development centres in Sherbrooke and Saint-Hyacinthe. These centres will receive the same tax benefits as the Centre de développement des biotechnologies de Laval, which is currently under construction. The government will invest $9.5 million over the next three fiscal years in tax measures to benefit companies that set up business in these centres.

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