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Brigitte Labelle recipient of the Women Entrepreneurship Strategy (WES) Fund

Posted on 10/09/2019 · Posted in Awards, General, Products

Linda Lapointe, MP for Rivière-des-Mille-Îles, announces that Shockform Aeronautique Inc. is one of the recipients of the WES Ecosystem Fund, a subsidize of the Women Entrepreneurship Strategy (WES) in Rivière-des-Mille-Îles

BOISBRIAND, August 30, 2019 – In the 2018 federal budget, the government created the Women Entrepreneurship Strategy (WES), a significant investment of $2 billion. The goal of these new funds is to double the number of businesses owned by women by 2025. Considering that only 16% of Canadian businesses are owned or ran by women, the government wants to facilitate participation of women in the Canadian economy.

“Being an entrepreneur for more than 30 years made me very aware of the challenges women face in the business world. I am therefore extremely proud of the measures taken by my government that have the purpose of promoting the empowerment of women. We believe that when women succeed, we all succeed,” explains Linda Lapointe.

Some studies have concluded that more active participation of women in the Canadian economy could add up to $150 billion to the country’s GDP. To help the WES work in this direction, the Ecosystem Fund was created will invest $85 million over five years to improve the capabilities of the entrepreneurial ecosystem and to close gaps in services for women entrepreneurs.

Linda Lapointe, Member of Parliament for Rivière-des-Mille-Îles, is very pleased to announce that Shockform Aeronautique Inc., a business in her riding, is one of the recipients of $100,000 from the Ecosystem Fund. Founded in 2006, Shockform Aeronautique Inc. is a world leader in world leader in portable peening equipment and an partner to Original Equipment Manufacturers (OEM) in the Aerospace Industry.

«This financial help is a significant recognition for all women that have started a business in non-traditional fields. It is a great source of motivation to continue our innovation and our expansion to international markets» declared Brigitte Labelle co-owner of Shockform Aeronautique Inc. «This initiative will help us accelerate our growth and the development of our new patented product, the E-Strip®, that will that will soon revolutionize the calibration of shot peening equipment».