“How to fight labor shortages?” Investment Quebec has responded to the question by funding “innovative projects” through SMEs.
Investment technology Quebec makes a number of investments in Quebec companies in order to provide new technologies and revive the economy.
“Liggo seeks to accelerate the digital transformation and increase the productivity of manufacturing SMEs in Quebec,” explained Antoine Proto, CEO of Liggo, one of the companies receiving the grants.
This investment, which was determined last year, was assigned to a variety of loans with variable durations.
“APN Ligo is part of the Investment Productivity Innovation Initiative Program, set up in September 2020 to encourage companies to invest in innovative projects,” said Bicha Ngo, senior vice president of private placements at Investment Quebec.
“We want to see Quebec companies become more competitive, and this competitiveness is based on innovation, so robotization, automation, digitization and artificial intelligence,” Ms Engo continued.
The choice of Quebec raises the question of how to manage labor shortages, because if robotization can reduce the burden on employers, it will also close job opportunities.
“This will help ease the burden of labor shortages, with automation displacing some jobs, making it possible to replace previously unfilled positions,” said Antoine Proto.