Cdn. government supporting projects at OLA Bamboo and Secure Exchanges
by CM Staff
OLA Bamboo, which specializes primarily in the manufacture of personal hygiene products made of bamboo and recycled wood, including toothbrushes, cotton swabs, and reusable make‑up removal pads, is receiving a repayable contribution of $150,000 from CED.
DRUMMONDVILLE — Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, announced CED support for OLA Bamboo and Secure Exchanges.
OLA Bamboo, which specializes primarily in the manufacture of personal hygiene products made of bamboo and recycled wood, including toothbrushes, cotton swabs, and reusable make‑up removal pads, is receiving a repayable contribution of $150,000 from CED. This support will enable the business to pursue its growth and remain competitive by acquiring and installing production equipment. This equipment includes, among other things, a laser, a dust collector, a saw, and a wood cutter with a view to automating the business’s facilities to thereby develop a marketing and market expansion strategy and increase its production capacity. CED’s assistance also covers a portion of the cost of implementing the marketing strategy in major Canadian cities such as Vancouver, Calgary and Toronto.
For its part, Secure Exchanges, which works on secure data transfer solutions integrated directly into Microsoft Outlook, Gmail, or its online platform, is receiving a repayable contribution of $250,000. This financial assistance will enable this innovative SME specializing in cybersecurity to develop a marketing and market expansion strategy to boost its growth. Among other things, Secure Exchanges will be able to create online content and advertising, add a certification, and hire specialized resources.
“Manufacturing businesses play a key role in Quebec’s economy and in the green transition. That is why our government is committed to supporting them so they can remain competitive and innovative, and also equip themselves with what they need to carve a place out for themselves in tomorrow’s economy. Hence CED is assisting OLA Bamboo and Secure Exchanges, for whom preserving the environment is just as important as ensuring their growth in complete security,” said Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED.
“Thanks to the Government of Canada’s financial support, OLA Bamboo is proud to continue as a pioneer in the industry and the uncontested leader in toothbrushes in the country. We are delighted to announce the expansion of our production lines, with a particular focus on ecological innovation. Our latest achievement—a toothbrush that is one of a kind around the world, made entirely of Canadian maple from the circular economy—reflects our commitment to sustainability and excellence. We are grateful for this productive collaboration that is helping to build a greener future for all,” said Simon-Pier Ouellet, Vice-President and Co-founder, OLA Bamboo.
