The City of Circular and Sustainable Innovation (CICD) is officially launching a financing campaign with private companies in the region to support the development of their Shared Circular Economy Innovation Center (CIMEC) project.
This project, estimated at approximately $50 million, aims to “promote Victoriaville as a key player in the circular economy. » It mainly focuses on the priority sectors of wood products, furniture and construction. It has also been submitted to the relevance committee of the Ministry of the Economy, Innovation and Energy in Quebec.
The objectives of this project are numerous and ambitious.
The CICD hopes, in particular, to increase the rate of circularity in Quebec in targeted sectors, attract researchers, investors, academics and businesses who wish to innovate and position Victoriaville as a national and international leader in sustainable development and the circular economy.
The fundraising campaign, which will begin in February and continue until May, aims to raise $5 million from private companies. These funds will complement public support.
“We have worked extremely hard with our partners to reach this pivotal moment. This project represents a unique opportunity for the region and for Quebec to become leaders in circular and sustainable innovation in strategic sectors for our economy,” declares Israel Poulin, general director of the Cité de l’innovation circular et durable.
-CIMEC is based on a collaboration between CIDC, Cégep de Victoriaville, Inovem and Destination Entreprise.
About the CICD
The CICD supports companies in carrying out projects focused on the circular economy and sustainability. Its objective is to make Centre-du-Québec an essential reference in terms of sustainable development and the green economy.
The circular economy is based on the concept of “production, exchange and consumption aimed at optimizing the use of resources at all stages of the life cycle of a good or service while reducing the footprint environmental. »
Sustainable development, for its part, is based on three fundamental values; maintain environmental integrity, ensure social equity and aim for economic efficiency.
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