Anthony Housefather, member of Canada's parliament for Mount Royal and parliamentary secretary to the Minister of Labour, has announced $150,000 in financial support to Elkimia Inc. on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Canada Economic Development.
Elkimia Inc. is a nature-inspired company that develops and markets products used in sun protection, cosmetics and textile products. It recently succeeded in developing a chemical process that facilitates the scaling up and industrialization of these products for different industrial applications.
This repayable contribution allowed the company to begin producing more effective active ingredients to provide UV protection, with access to new manufacturing installations within the NRC facilities, and to acquire new production equipment.
Housefather said: "By investing in Elkimia's process improvements, the Government of Canada is following through on its commitments and helping businesses to expand, innovate and export their products so they can create quality jobs and thereby ensure a prosperous Canadian economy."
"We are helping businesses equip themselves with what they need to remain competitive, prosper and create good jobs," added Joly. "Thanks to Government of Canada financial assistance, Elkimia has been able to continue to innovate in a cutting-edge field and strengthen its position in the industry and on the markets, which is also helping to stimulate the regional economy. This support will thus benefit the entire Greater Montréal region and enable the Canadian economy to come back even stronger."
"We greatly appreciate the financial support received from CED for equipment purchases," said Elie A. Khalil, president and CEO, Elkimia Inc. "This equipment has allowed us to overcome a number of major technological and economic obstacles for scaling up and industrializing our chemical process. Thank you to the whole CED team."