Provincial Budget - The Fondation du maire : le Montréal inc. de demain welcomes the actions of the Québec government fostering the growth of entrepreneurship in Montréal

MONTREAL, March 22, 2012 /CNW Telbec/ - The Fondation du maire : le Montréal inc. de demain is very pleased to announce that the provincial government has created a $15 million endowment fund to support its activities. As stated by Andrew Molson, Chairman of the Board of the Foundation: "By creating this fund, the Government of Québec recognizes that the Foundation is a key player in the deployment of the 2011-2014 Québec Entrepreneurship Strategy".

The fund, which involves the participation of the Government of Québec and the Fonds de solidarité FTQ, will help sustain the Foundation and its mission: investing in the start-up of businesses and providing expertise and services to young Montreal entrepreneurs.

"This matching fund will also become a new and very attractive tool when we solicit the business community to take part in our fundraising campaigns" added Liette Lamonde, Executive Director of the Foundation, which is 80% financed by the private sector.

Through its concrete actions on behalf of young Montreal entrepreneurs and its mobilized network of partners, volunteers and business people, the Foundation is helping build the Montreal Inc. of tomorrow.

About the Fondation du maire : le Montréal inc. de demain

The Foundation invests in the creation, growth and continued support of promising businesses to help build the Montreal Inc. Since 1996, it has awarded over $5 million in grants for the start-up of 751 Montreal businesses that have, in turn, created close to 2,200 jobs. The Foundation has also contributed to the creation of investments of over $39 million in Montreal.

Fondation du maire: le Montréal inc. de demain
Andrée Lemay
Communications director
514-872-5768