Aéro Montréal's mission is to mobilize stakeholders in Quebec's aerospace ecosystem to support its global reach, innovation capacity and growth.
// MESSAGE FROM THE PRESIDENT
Dear members, dear partners,
We are fully aware of the obstacles our aerospace SMEs have to overcome to integrate into global supply chains. Growing, becoming stronger and improving competitiveness are imperatives we take to heart. Our Accelerator 360° program has been designed with this in mind.
Much more than an initiative, the Accelerator 360° program is an opportunity for our SMEs to use a flexible lever that’s tailored to the needs of the market. Our goal is to help company leaders revise their strategic planning and find partners. We want to support the development of SMEs in international markets and encourage strategic alliances. I am pleased to announce that we will be continuing our efforts next year and are extending this program until 2025.
So companies still have an opportunity to take advantage of this team-based, partnership service. Through the Accelerator360° program, we offer personalized support and direct access to seasoned experts, and we facilitate the various steps involved in promoting the development of SMEs. There’s still time to get on board!
We know the formula works, and we’re using this special newsletter to share some of the many successes of the initiative. If you’d like to find out more, please contact Yannick Michaux, Project Manager, Business Support and Competitiveness (email@example.com; 438 226-2100).
I’m convinced that with Accelerator 360° and the extension we’re announcing today, we have the right tools to further speed up the growth of SMEs in our ecosystem.
CAN YOU EXPLAIN THE PURPOSE OF ACCELERATOR 360°?
Accelerator 360° is an initiative launched in 2018 and extended until March 2025. The objectives of this initiative are to:
➤ Support 30 Québec aerospace SMEs over a 5-year period;
➤ Help executives review their international strategic planning;
➤ Support their development on international markets by encouraging consolidation;
➤ Promote strategic alliances and partnerships;
➤ Train teams to meet the needs of the industry.
WHAT ARE THE ELIGIBILITY CRITERIA FOR ACCELERATOR 360°?
The program provides funding envelopes to enable SMEs to form strategic partnerships and to support them in their acquisition or divestment process. Funding is available up to CAD $75,000 for a team and CAD $100,000 for a consolidation.
Eligible expenses are:
➤ The support of an externamoil firm to meet legal and tax requirements in a context of internationalization and consolidation;
➤ The training you need to enter a specific market;
➤ Consultancy to help you respond to a business opportunity;
➤ Costs associated with the consolidation process (if not covered by other existing programs).
WHICH COMPANIES IS THE PROGRAM PRIMARILY AIMED AT?
The Accelerator 360° program has a number of eligibility criteria to help us target companies as effectively as possible, thereby maximizing and optimizing the assistance and support the initiative can provide.
More specifically, the program targets:
➤ Companies in the manufacturing and/or engineering services and/or MRO (aerospace maintenance, repair and overhaul) sectors;
➤ Companies that generate at least 30% of their sales in the aerospace sector;
➤ Companies deemed to be SMEs, i.e. with fewer than 500 employees;
➤ Companies with a Québec Enterprise Number (NEQ) and with the main decision-making centre in Québec;
➤ Companies with strong potential in terms of technology, production capacity or operating in a niche market;
➤ Companies seeking to develop collaborations, partnerships and/or undergoing a consolidation process;
➤ Companies where the CEO and a member of management are effectively involved in the program.
FUNDING APPLICATIONS CAN SOMETIMES BE COMPLEX TO PUT TOGETHER. WHAT ABOUT THIS PROGRAM?
Having the opportunity to be funded is great, but getting to the end of the funding application process and getting money is even better. And often in this area, an SME business owner can quickly become discouraged by the administrative procedures and miss out on the financial support that would enable them to grow. As a result, the application process for Accelerator funding has been reduced to a minimum. What’s more, Aéro Montréal supports companies throughout the process and is always available to answer any questions.
BEYOND FINANCING, WHAT VALUE DOES AÉRO MONTRÉAL BRING TO PARTICIPANTS?
The Accelerator 360° program provides personalized support from three expert consultants. This support can take the form of training, formal information sessions or contacts with experts (lawyers, tax specialists, legal experts).
Four times a year we organize face-to-face meetings on topics of interest to participating companies. In addition, we send out weekly “Aerospace Briefs” to Accelerator members. This concise document summarizes all the important new and updated information published during the previous week and provides a quick overview of current industry issues.
In December 2022, Groupe Meloche, based in Salaberry-de-Valleyfield, a Quebec leader in the development and manufacture of aerostructure and aeroengine components for the aerospace sector, announced the acquisition of Aérospatiale Hemmingford, a company specializing in the machining of aircraft engine parts. This acquisition was part of Groupe Meloche's growth strategy, which aims to reach $200 million in sales by 2026.
This consolidation achieved through the 360° Accelerator program was a success, thanks to the following key elements:
➤ A real work of alignment of "family" values upstream
➤ Tailor-made support that allows companies that do not necessarily have all the resources and knowledge in-house to complete this type of transaction
// INDUSTRY NEWS
:: The latest news about the Québec aerospace industry.
THE TRADE MISSION AT THE DUBAI AIRSHOW 2023 IS IN FULL RUN!
» From November 13 to 17
We are delighted to announce the start of the Aéro Montréal Mission to Dubai, as part of the Dubai Airshow 2023, co-organized with the Chamber of Commerce of Metropolitan Montreal.
Aéro Montréal is proud to be an exhibitor and to be accompanied by a great delegation of Quebec SMEs: AAA Canada, Advanced Flight Controls, CEL Aerospace Test Equipment Ltd., C3RiOS Systèmes, DRAKKAR Aerospace & Ground Transportation, Limosa Inc., Reaction Dynamics, Solutions Astratix Inc. and Vports.
A big thank you to all the partners who made this mission possible, starting with Canada Economic Development for Quebec Regions. Followed by our official carrier Air Canada and highlighting the remarkable cooperation of the Canadian Embassy in the United Arab Emirates.
➤ Don't miss the highlights of this mission:
+ SUIVRE AÉRO MONTRÉAL SUR LINKEDIN
OPEN HOUSE ÉCOLE NATIONALE D'AÉROTECHNIQUE
» Come discover three unique technical programs in Quebec in the sectors of Aircraft Maintenance, Avionics and Aerospace Engineering.
THIS EVENT WILL ALSO ALLOW YOU TO:
- see the fleet of 27 planes and 11 helicopters;
- visit the Airbus A220, the School’s star acquisition;
- explore the facility’s many specialized laboratories;
- chat with professors and students;
- meet different resource people serving students;
- discover the richness of student life at ÉNA;
- exchange with more than 20 companies about the career and stimulating internship opportunities available to you.
Fundamentally focused on the future, the aerospace industry has great labor needs and is looking for qualified workers. Come learn more!
➤ When: Saturday November 18 from 10 a.m. to 3 p.m.
➤ Where: École nationale d’aérotechnique, 5555 rue de l’ÉNA in Longueuil.
CYLAD APPOINTS PHILIPPE MARCOTTE AS
PARTNER IN THE MONTREAL OFFICE
» On November 10th, 2023, Philippe Marcotte starting as CYLAD's new partner in the Montreal office in Canada.
In addition to his experience in the Health, Life sciences and Aerospace industries, Mr. Marcotte has a recognized expertise in analytics and Artificial Intelligence and will work with CYLAD's dedicated Data team to help clients leverage data capabilities to improve their performance.
+ READ THE FULL PRESS RELEASE
CAMAQ | TWO EVENTS TO EXPAND YOUR HORIZONS ON DECEMBER 7
» The Comité sectoriel de main-d'œuvre en aérospatiale (CAMAQ) invites you to broaden your horizons by attending its two events on December 7 at the École des métiers de l'aérospatiale.
These action-packed events are intended to highlight critical themes such as equity, inclusion and diversity (DEI) within the aerospace industry. This will be an opportunity to meet key players in the industry as well as representatives and members of the advisory committees with which CAMAQ collaborates. In addition, the evening will be dedicated to the celebration of 40 years of CAMAQ.
EVENT 1 : HORIZON
December 7, 2023, 8:30 a.m. - 5:00 p.m.
➤ Join CAMAQ for a day dedicated to DEI full of inspiring conferences, enriching workshops, stimulating discussion panels, captivating podcasts and more. An opportunity to become an actor of change in the aerospace sector.
EVENT 2 : DESTINATION
December 7, 2023, 6:00 p.m. - 10:00 p.m.
➤ A special evening to mark CAMAQ’s 40th anniversary, an opportunity to celebrate their past and future successes. Join them for a friendly and retrospective moment in the company of their partners.
MIAE AEROFAIR 2023 : RECRUITER REGISTRATION
» Ready to propel your company into the future with fresh talent?
Dive into a talent pool of the aerospace industry's brightest at our exclusive networking event. Connect with future interns and professionals in an evening designed for discovery and engagement.
Complete your registration to ensure your company is part of this dynamic encounter. Your next great hire is here.
➤ When: November 21, 2023, 6:00 p.m. - 9:00 p.m.
➤ Where: Trottier Mezzanine - 3630, University Street, Montreal, QC H3A 2B3
➤ Rate: Free participation and registration; food and drinks provided to all professionals participants.
Reserve your company's spot swiftly — opportunities take off quickly!
+ INFORMATION AND REGISTRATION FORM
LES AILES DE NEBASCA : a comic to inspire the next generation of aviation professionals
» A creative and ambitious project in search of financial partners.
Discover a new comic strip created for high school students to stimulate their interest in aviation professions. The comic features a courageous forest firefighter, plunged into the heart of the flames to protect our environment, while promoting the aeronautics world from a unique angle.
BENEFITS OF THIS PROJECT:
- puts forward content carefully adapted to the industry;
- presents the positive facets of aviation in terms of public and civil security;
- promotes education through art;
- will have a wide scope: paper and web distribution agreement with a partner already sealed;
- allows the emergence of new vocations in the aeronautics field.
Would you like to participate in the realization and success of this initiative?
Do not hesitate to contact the authors of the project to contribute!
BESLOGIC is a Montreal company founded in 2008 that specializes in the development of digital solutions, custom software and artificial intelligence for businesses of all sizes. BESLOGIC’s open culture promotes the free flow of ideas and encourages creativity and innovation. The company's mission is to change the world by raising the bar for technological innovation through collective intelligence and a process-driven approach. Through their unique co-creation approach and in collaboration with their clients, they transform ideas, visions and concepts into personalized solutions that solve their clients' unique challenges.
AERO MONTREAL VISIT AT BESLOGIC
During their visit to Beslogic, representatives of Aéro Montréal, Martin Hamel (left), Consultant, Program Management, MACH Initiative and Damien Pereira (middle), Director, Growth and International Affairs, were welcomed by Yannick Bessette (right), President of Beslogic.
+ BESLOGIC HAS CHOSEN TO PARTICIPATE IN THE FOLLOWING AÉRO MONTRÉAL VALUE-ADDED INITIATIVES TO CONTINUE ITS GROWTH
StartAéro 360°, an initiative to promote the integration and commercialization of disruptive technologies in the supply chain. In order to support innovative companies in their deployment, StarAéro 360° acts as an integrated lever in the pre-commercialization phase of technological developments of startups and SMEs.
Inclusive Succession Planning, a multi-sector initiative that deploys an action plan to respond to workforce challenges, as part of the establishment of an inclusive succession planning strategy. The objective? Equip companies with a view to recruiting and developing best practices in managing equity, diversity and inclusion.
» WOULD YOU LIKE TO PLAN A VISIT FROM AÉRO MONTRÉAL TO YOUR COMPANY?
+ BOOK A VISIT
7TH BENEFIT EVENING FOR THE COSMODOME FOUNDATION
CIRQUE SOUS LES ÉTOILES
➤ When? Wednesday November 22, 2023 at 6 p.m.
➤ Where? Cosmodôme
THE GILLES-DEMERS AWARDS
➤ When? Decembre 8, 2023
➤ Where? Four Seasons Hotel, Montreal
+ BOOK YOUR TICKETS
INTERNATIONAL AEROSPACE INNOVATION FORUM
ORGANIZED BY AÉRO MONTRÉAL
➤ When? May 21-22, 2024
380, Saint-Antoine street West
Montreal, Quebec H2Y 3X7
T : 514 987-9330