News

News

25 January 2016

The City of Sherbrooke Supports the UdeS’s Creation of an Entrepreneurship Hub

The City of Sherbrooke has continued to pursue its commitment to entrepreneurship by contributing to the creation of Université de Sherbrooke’s entrepreneurship hub, one of the large-scale initiatives in the university’s Promising Futures, Shared Passions fundraising campaign.

The city’s contribution will consist of compensations in lieu of taxes generated by new facilities built on the university’s campus. In addition, the city has committed to allocate a minimum of $350,000 per year in compensations in lieu of taxes for the buildings designated in the previous agreement.

In doing so, the city could contribute up to $6 million over a 10-year period.

It is worth noting again that the Université de Sherbrooke plans to invest $60M in the entrepreneurship hub initiative over a 10-year period. It aims to triple its research partnerships, double the number of inventions in the marketing phase, and double the number of spin-off companies in the Accélérateur de création d’entreprises technologiques (ACET—accelerator for the creation of technological businesses).

Sources: Université de Sherbrooke and La Tribune

———————————–

RELATED ARTICLES

» UdeS Launches Sherbrooke’s Entrepreneurship Hub

Back to the news

Leave a Reply

Your email address will not be published. Required fields are marked *

Filter
Twitter

Sherbrooke Innopole is moving to the Quartier général de l’entrepreneuriat!

As of November 20, 2023, our addresses – physical and mailing – will change. Please consult them here.

Our team will mainly be teleworking during the moving phase, from November 20 to 30. We invite you to contact our professionals by email or telephone before coming to our offices.

We look forward to welcoming you to the QG on December 4!