This morning, KPMG released the 2014 edition of Competitive Alternatives, its biennial study, which compares business location costs in 107 metropolitan regions in 10 countries. The Quebec City region scored well, with a 9.3% cost advantage relative to the US average. This is a net improvement since 2012, when this figure stood at 5.8%. The Quebec City region ranks sixth worldwide among the regions studied and ranks #1 among similarly-sized regions (500,000 to 2 million inhabitants). Among the 15 Canadian cities featured, only Moncton and Charlottetown edged out Quebec City. Quebec City now ranks third (up from sixth in 2012), outperforming Montreal, Winnipeg, Toronto, Edmonton and Vancouver.
Quebec International is pleased to announce that it has reached an agreement in principle with BioWin, the healthcare competitiveness cluster based in Wallonia, Belgium. The agreement covers licensing rights under BioWin’s BioPharE program. For BioWin, this is the first time that rights have been licensed under this high-level program. As part of its role in the partnership, the Continuing Education Department at Sainte-Foy CEGEP will administer training activities during the implementation of the program, which is specifically geared towards life science entrepreneurs.
Immune Biosolutions took first place in the grand finale of the Devtech 50 entrepreneurial competition, which was held yesterday with approximately 100 participants. The jury was impressed by the company’s business project, which involves a unique platform for generating high-quality antibodies used as molecular detection, quantification and visualization tools. As a result, Immune Biosolutions wins the BDC Grand Prize, valued at $42,000 in cash and services.
Quebec International and the Board of Trade of Metropolitan Montreal are proud to unveil the names of the 23 companies that will be taking part in the second edition of Passeport PME (Passport SME). This 18-month training and assistance program is geared towards locally based small and medium-sized enterprises with the potential of breaking into foreign markets.
At the inaugural reception for the very first “virtual” recruiting mission involving Brazil, Quebec International issued a call for candidates aimed at recruiting bloggers of foreign origin currently living and working in Quebec City. The blog, set to be launched over the next few months, will feature entertaining anecdotal material based on the authors’ experiences in Quebec. The articles will be written in the bloggers’ native languages (Spanish, Portuguese, English and French) and will be geared towards individuals in their countries of origin considering a move to Quebec.
After taking part in the trade mission to Mexico from June 26 to 29 led by Québec Premier Pauline Marois, the Board of Trade of Metropolitan Montreal and Québec International are pleased to confirm next spring’s Mexico Days in Québec, organized in cooperation with the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE). This announcement, made by Lorenzo Ysasi Martínez, the COMCE’s Director General and Director for North America, during the business luncheon “Mexico-Québec: A North American Alliance,” held in the Premier’s honour on June 27, came on the heels of a meeting in Mexico City between the COMCE, the Board of Trade of Metropolitan Montreal and Québec International.
The Board of Trade of Metropolitan Montreal and Québec International have jointly launched the call for applications for the second edition of SME Passport. This program provides tailor-made support to SMEs that show ambition and strong potential for growth for developing their activities internationally.
We have been reporting on the format of teh "Seeks Solution" conferences before. The idea is both simple and surprisingly effective: turn a scientific conference upside down: Skip the presentation of successful research and undertakings and focus, together, on what is really interesting for everybody: challenges yet unsolved.
This article offers an economic-development perspective on a new method for local companies to find innovative solutions to their most challenging business problems: local open innovation. Quebec International, the economic development agency for the Quebec City area, contributed to the development of the Seeking Solutions approach to local open innovation, which included the hosting of problem-solving conferences with local research centres, economic development actors, and companies. Looking back on our experiences and outcomes since 2010, this article shows how the development and introduction of this new approach to local open innovation has changed the rules of the game in the region.
Two initiatives aiming to support technology entrepreneurship were recently announced in Quebec City.
The French-American Chamber of Commerce, Washington DC, is very pleased to partner with Québec International and Montréal International for the organization of a two-day recruiting event on March 22nd. Mrs. Line Lagacé, Vice-president, Business Growth and Foreign Investment of Québec International and Mr. Louis Arseneault, Vice President, Talent Attraction, Promotion and Communications, Montréal International answer our questions! Interview in English and in French.
Anges Québec is pleased to announce $1M in financing granted to handyem, a Quebec company specializing in life science. The financing comes from 19 Anges Québec members and the Anges Québec Capital Fund. Of this amount, $680K is from Anges Québec members, including Stéphane Pilette, and $320K from the fund. An additional amount in excess of $700K comes from existing shareholders and new private investors, bringing the current round of financing to $1.7M.
Every fiscal quarter, we paint a portrait of the region's economic environment and analyze key economic indicators that help to assess regional performance as well as compare economic variables with those of seven other metropolitan areas in Canada: Montréal, Toronto, Ottawa, Winnipeg, Calgary, Edmonton et Vancouver. The analyses on the economy of the Québec City metropolitan region are based on statistical data published by recognized organizations.
Québec-based IT executives at multinational computer services giants attribute the success and expansion of their enterprises to being located in Québec. An increasingly bilingual and skilled work force, higher education resources, proximity to Europe and the U.S. Northeast and a business climate that encourages capital investment are some of the assets they identify as drivers of their ability to compete. More specifi cally, they compete successfully with other subsidiaries of their parent companies worldwide for capital investment, or they complement those subsidiaries as no other operation can, they maintain.
Quebec City has successfully completed the second round of the prestigious international contest organized by the Intelligent Community Forum (ICF) and has been named one of the Top 7 Intelligent Communities. The announcement was made in Honolulu, Hawaii by Louis Zacharilla, Director of Development for ICF. Last October, Quebec City was ranked among the Smart 21 Communities for the second year in a row. Nearly 400 applications from cities and regions around the world were evaluated.
Canada ranks No. 1 in our annual look at the Best Countries for Business. While the U.S. is paralyzed by fears of a double-dip recession and Europe struggles with sovereign debt issues, Canada’s economy has held up better than most. The $1.6 trillion economy is the ninth biggest in the world and grew 3.1% last year. It is expected to expand 2.4% in 2011, according to the Royal Bank of Canada.
FastTrac® is a top-tier training program for tech firm creation and start-ups. It also gives entrepreneurs access to the local ecosystem’s full range of resources, as well as to all high-level stakeholders. Quebec International is the first organization in Canada to receive FastTrac® Affiliate certification from the Kauffman Foundation. (information page in french only)
On October 22, Quebec City gained another international distinction when it was named one of the Top 21 most intelligent communities (Smart 21 Community 2011) by the Intelligent Community Forum (ICF), a New York-based independent think tank dedicated to developing the digital economy. The announcement was made by Louis Zacharilla, one of the ICF’s founders, at a ceremony in Suwon, South Korea.
Quebec International (QI) and the Quebec City region are shining brightly again thanks to their placement in Site Selection magazine’s Canadian rankings. The Quebec City region placed third in the Top Canadian Metros. This category evaluates the economic performance of Canada’s metropolitan regions. The final result was calculated by compiling major investment projects. The Quebec City region was outpaced by Toronto and Hamilton.
During the ceremony, seven awards were presented, with a total value of nearly $90,000. XpertSea Solutions, a firm specializing in aquaculture, has won the $30,000 Devtech 50 grand prize ($15,000 in cash and $15,000 in services). The prize was bestowed by “Presenter” partner Essor Strategies.
Blog by John Parisella: National unemployment rates often overshadow the work of some communities in transforming their economic profiles. Cities like Raleigh NC have transformed their economy and others like Des Moines IA have significantly lowered their unemployment rates. Another below the radar screen example is Québec City, Canada.
Québec International's mission is to contribute to the economic development of the Québec City metropolitan region and enhance its international status. As a regional economic development agency, Québec International fosters growth and development, supports key business sectors and attracts talent and investment to the region. The agency is supported by public and private partners; particularly with the financial support from the Government of Québec (ministère des Finances et de l'Économie, Emploi-Québec, Bureau de la Capitale-Nationale/National Capital office), Economic Development Canada and the Ville de Québec.