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Quebec plans to invest $ 9 million for fintech

by

Justine Montminy

March 28, 2018 10:30

Carlos J. Leitão | Photo : Denis Méthot

The economic Plan of the Québec of march 2018, provides for an additional investment of 9 million us dollars (M$) over the next five years in order to continue the development of new technologies financial (fintech).

The government of Québec announced in its economic Plan of the Québec march 2017, a grant of$ 1.5 Million over two years to Finance Montréal for the creation of a centre of excellence designed to promote the development of the industry in the province. The$ 9 Million extra will be used to promote the development of the project and ensure its sustainability.

Pole technology financial Finance Montréal

The Pole in financial technology aims to support and accompany companies in fintech in start up and development by putting in place a program of incubation and mentoring. It also gives fintech access to data and to the problems of financial institutions. Finally, the cluster aims to organize different events, activities and trainings on many subjects of interest to the community.

“The centre of excellence will have the advantage of bringing together a large number of members of the ecosystem fintech in order to pursue a common goal in a neutral environment,” says the economic Plan of the Québec.

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