Turning ideas into results
February 26, 2013

Quebec Government Recognizes Economic Impact and Relevance of SOVAR Activities

SOVAR received a high rating from Quebec’s Ministère de Développement économique, de l’Innovation et de l’Exportation (now Ministère de l’Enseignement supérieur, de la Recherche, de la Science et de la Technologie) following the triennial performance evaluation conducted at the end of 2012. This evaluation revealed that SOVAR fulfilled Quebec Government expectations in terms of the organization’s relevance, efficiency and impacts.

During the 2009-2012 period, SOVAR activities produced an economic impact of $93M, which is nearly 15 times the financial support it received from the Government.

SOVAR also contributed to the creation of several new high-level jobs and to the addition of $70M in new wealth enhancement to the economy brought upon by attraction of new investments and growth in sales figures and business revenues.