Information and Communication Technology

Information and communication technology (ICT) is an industry that is experiencing rapid growth everywhere in the world, and Québec is no exception. Investissement Québec is involved in all segments of ICT and also seeks to stimulate the development of certain promising niche markets. Investissement Québec offers tailor-made financing for Québec ICT companies looking to consolidate their operations, expand into global markets or develop large-scale technological projects.

 

What we do

 

We support companies active in market segments that are important for Québec's economic development.

Investissement Québec provides customized financing for Québec ICT companies that want to expand. We also provide assistance for major technological projects and for foreign companies that want to undertake such projects in Québec.

 

The Information and Communications Technology Industry

 

ICT is one of the largest industrial clusters in Canada. Québec is the ideal location in North America for the development of ICT companies. Many Québec companies are noted for the high calibre of their manpower and their ability to innovate.

A few figures on ICT in Québec:

 

Number of businesses1 7,440
Jobs2 146,000
R&D spending2 $1 billion
Revenues2 $34 billion
Exports3 $3.5 billion

Données pour l'année 2008 sauf Nombre d'entreprises et Exportations qui sont pour l'année 2010

1 Source : Statistics Canada's Business register

2 Source : Ministère du Développement économique, de l'Innovation et de l'Exportation

3 Source : Institut de la Statistique du Québec, Commerce international en ligne 2010

 

ICT in Québec: A Highly Fragmented Sector

 

Québec's ICT industry is made up of many small companies that offer little leverage. According to Statistics Canada's Business register, almost 80% of Québec's ICT companies have no more than 25 employees.