Montreal, April 6th, 2020 – Ecofuel Accelerator, a specialized and personalized accelerator in the cleantech sector, announces the five companies of the Spring 2020 Cohort. Selected amongst thirty applicants, they’re the participants of the eleventh cohort of the Ecofuel Accelerator.

Over the next three months, the entrepreneurs and executive teams from B3D Performance, Extergy, GRAD4, Planetary Hydrogen and Rithmik Solutions will experience an acceleration program tailored to their needs, which was already a success factor for many companies in the past years. They will receive mentorship and advice from about forty mentors who are references in the cleantech sector, business, global markets and entrepreneurship.

• B3D Performance: additive manufacturing (3D printing) using metal powders – b3dperformance.com.
• Extergy: building energy consumption and optimization model based on AI-platform. – extergy.com
• GRAD4: platform that connects buyers and suppliers in the manufacturing industry. – grad4.com
• Planetary Hydrogen: produces ultra-clean hydrogen while capturing and storing carbon dioxide. – planetaryhydrogen.com
• Rithmik Solutions: advanced analytics that help optimize maintenance and extend equipment life in the mining industry. – rithmik.com
On top of the companies taking part in our eleventh cohort, an initiation cohort takes place this Spring and will consist of three companies: Coop Boomerang, NeoCtech and Rival Lab.

« 5 years since the Ecofuel Accelerator began, more than 50 alumni have attended 500 workshops! While Ecofuel just started its eleventh cohort, the cleantech industry is a booming and growing sector. The entrepreneurs are talented and the innovations continues to amaze us! » says Richard Cloutier, President and CEO of the Ecofuel Accelerator.

About Ecofuel
Ecofuel is a $40M venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercializes clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, an experienced mentor ecosystem.

In addition to the funding provided by the Government of Quebec, the Ecofuel Accelerator, founded by Cycle Capital, benefits from the collaboration of Transition énergétique Québec, Fonds Vert, Écotech Québec and Innovacorp.

Information:

Morgan Guitton
Director of operations

mguitton@ecofuelaccelerate.com

+1 514 409-2173

Web site: ecofuelaccelerate.com

Twitter: @ecofuelstartups

LinkedIn: Ecofuel

Montreal, October 16th, 2019 – Ecofuel, a venture capital fund and specialized and personalized accelerator in the cleantech sector, announces the four companies of the Ecofuel Accelerator Fall 2019 Cohort. Selected amongst many applicants, they’re the participants of the tenth cohort of the Ecofuel Accelerator, which will continue until January 2020.

Over the next three months, the entrepreneurs and executive teams from Calogy Solutions, Chrysalabs, Axipolymer and Pyrocycle will experience an acceleration program tailored to their needs, which was already a success factor for many companies in the past five years. They will receive mentorship and advice from about forty mentors who are references in the cleantech sector, business, global markets and entrepreneurship.

• • Calogy Solutions: Innovative thermal management for Li-ion batteries in electric transportation applications. – calogysolutions.com
  • Chrysalabs : Reliable real-time soil data. – chrysalabs.com
  • Axipolymer : GrinLoop™, technology allowing new recyclable high oxygen barrier packaging applications. – axipolymer.com
  • Pyrocycle : Novel thermochemical process to recycle end-of-life electronic waste. – www.pyrocycle.com

On top of the companies taking part in our tenth cohort, a new initiation cohort takes place this Fall and will consist of three companies : Nesting Safe, Aeronyx and Dispersa. 

About Ecofuel

Ecofuel is a $40M venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercializes clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, an experienced mentor ecosystem.

In addition to the funding provided by the Government of Quebec, the Ecofuel Accelerator, founded by Cycle Capital, benefits from the collaboration of Transition énergétique Québec, Fonds Vert, Écotech Québec and Innovacorp.

Information:
Olivier Gagnon-Gordillo
Director of operations
oggordillo@ecofuelaccelerate.com
+1 514 409-2173
Web site: ecofuelaccelerate.com
Twitter: @ecofuelstartups
LinkedIn: Ecofuel

Montreal, June 26^th, 2019 – The Ecofuel Accelerator is launching the recruitment for its Fall 2019 cohort. Pre-seed/seed stage cleantech companies have until August 31^th, 2019 to submit their application for the accelerator’s 9^thcohort that starts in October 2019.

The 4-month Ecofuel acceleration program offers access to training workshops, strategic business intelligence, networking sessions, over 40 mentors who are a reference in cleantech and/or their respective fields of expertise and the possibility to obtain a seed investment of up to $75,000.Ecofuel’s goal is to help entrepreneurs build a sustainable and profitable business plan in an environment stimulated by the other companies in the cohort, the mentors, and the broader clean technology ecosystem. In short, Ecofuel prepares the entrepreneur to refine their business plan and to raise the required financing to execute it. Ecofuel is looking for determined, goal oriented teams that want to change the world through cleantech based innovations with sound business models. To apply, please submit your application at Candidature or contact Olivier Gagnon-Gordillo, Director of Operations at oggordillo@ecofuelaccelerate.com.

About Ecofuel

Ecofuel is a venture capital fund and a specialized and personalized accelerator dedicated to seed stage cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build seed and early stage companies that develop and commercialize clean technologies and are globally competitive. The Ecofuel Fund invests “smart money” in seed and early stage companies that develop and commercialize clean technologies, while the Ecofuel Accelerator offers entrepreneurs training workshops, networking sessions and an experienced mentor ecosystem.

In addition to the support from the government of Quebec, the Ecofuel Accelerator, powered by Cycle Capital, benefits from the collaboration of Fonds vert, Écotech Québec and Innovacorp.

Information :
Olivier Gagnon-Gordillo
Directeur des opérations, oggordillo@ecofuelaccelerate.com
+1 514 409-2173, 312
Site web : ecofuelaccelerate.com
Twitter : @ecofuelstartups
LinkedIn : Ecofuel

 

Montreal, March 25th, 2019 – Ecofuel, a venture capital fund and specialized and personalized accelerator in the cleantech sector, announces the five companies of the Ecofuel Accelerator spring 2019 Cohort. Selected amongst many applicants, they’re the participants of the ninth cohort of the Ecofuel Accelerator, which will continue until June 2019.

Over the next three months, the entrepreneurs and executive teams from Bosk Bioproducts, ADCT, Impactful Health R&D, OPA Technologies and SG2B will experience an acceleration program tailored to their needs, which was already a success factor for many companies in the past five years. They will receive mentorship and advice from about forty mentors who are references in the cleantech sector, business, global markets and entrepreneurship.

• Bosk: Develops REGEN : a new generation of compostable bioplastics – bosk-bioproducts.com
• ADCT: Thermal Rail™a high-efficiency cooling technology – adct.ca
• Impactful Health R&D: Compostable active packaging to prolong shelf life of fresh foods – Impactfulhrd.com
• OPA Technologies: software for managing traffic obstructions and road mobility with a single click – opatech.ca
• SG2B: smart power system planning enabling greener energy – sg2b.com

About Ecofuel
Ecofuel is a venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercializes clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, an experienced mentor ecosystem.

In addition to the funding provided by the Government of Quebec, the Ecofuel Accelerator, founded by Cycle Capital, benefits from the collaboration of Transition énergétique Québec, Écotech Québec and Innovacorp.

Information:
Catherine Bérubé
Vice President, Sustainability, Investor Relations and Public Affairs
cberube@ecofuelaccelerate.com
+1 514 629-1022
Web site: ecofuelaccelerate.com
Twitter: @ecofuelstartups
LinkedIn: Ecofuel

Six  Canadian Venture Funds have already pledged as part of the global campaign to mobilize $1B

February 20th, 2019 (Toronto and Montreal) – The Billion Dollar Fund For Women launches its Canadian campaign to mobilize a consortium of Canadian venture funds to pledge to increase their investment in women-founded companies. While the gender pay gap is well documented in Canada, what is not is the gender funding gap of venture capital in companies. To address this, The Billion Dollar Fund for Women (“TBDF”) was established to tackle the gender funding gap. A founding group of Canadian venture capital funds are proud to bring the TBDF to the country and to receive an initial set of pledges from Canadian venture capital firms as part of a global $650M pledged toward a $1B goal.

“The Billion Dollar Fund for Women is a simple and elegant way for venture capital firms to show their support for female-founded companies.  If you say that you support female entrepreneurs, you make a pledge and join the consortium. We are mobilizing existing funds to work together towards a common global goal – to empower female entrepreneurs.  We are thrilled with the support and commitment given by the first set of Canadian funds and we look forward to continuing the conversation with other funds to support this initiative and meet our $1B global goal,” Lally Rementilla, Canada Lead of TBDF and President of Quantius Inc.

The fund was inspired by a desire to mobilize and connect these venture funds with institutional and other investors to create larger pools of capital for venture investments into women founded companies. TBDF’s Co-Founders are eager to expand their global reach of venture funds. As importantly, they hope to inspire larger investors to see these funds as a key opportunity to gender diversify their portfolios and to meet the growing push for ESG (environment/social/governance) requirements.

“We are thrilled to welcome our Canadian partners pledged to increasing their investments in women. Nothing has excited us more than our partnership with some of Canada’s leading venture funds. And no country has shown more commitment to its female founders than Canada. It is clear that Canada is on the threshold of major breakthroughs in innovation led by some of its great women entrepreneurs.  With Canada’s goal of doubling the number of women entrepreneurs by 2025, the investments made by our partner funds will be more important than ever to ensure the success of these early-stage ventures,” said Shelly Porges, Co-Founder and Managing Partner of TBDF.

According to Pitchbook, women-founded companies have received just 2% of the total of venture capital investment last year[1]. Beyond this, venture funds committed to investing in women founded companies often struggle to expand their capital base and to increase their capacity to invest. Yet, research shows that companies with women founders bring in 20% more revenue with 50% less invested. [2]

For venture funds that make a pledge, TBDF provides greater exposure to institutional funders, sovereign funds, wealth managers, family offices and high net worth investors. While more city leads will be announced soon, the current city Leads of TBDF Canada are Cycle Capital (Montreal) and Marigold Capital (Toronto).

Interested individuals who would like to learn more about The Billion Dollar Fund for Women are welcome to head to http://thebilliondollarfund.org/ for participation opportunities.

About The Billion Dollar Fund For Women

The Billion Dollar Fund (“TBDF”) is a global consortium of venture funds that pledged to increase their investment in women-founded companies. Kicking off with a global offline and online campaign, TBDF seeks to change the paradigm and catalyze a larger game of funding women who are leading the pack in entrepreneurship.

More information: http://thebilliondollarfund.org

The Billion Dollar Fund For Women™/Canada

Canada Lead: Lally Rementilla, President, Quantius

lrementilla@quantius.ca

Montreal Lead: Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital Management

amethot@cyclecapital.com

Toronto Lead:

Jonathan Hera, Founder and Managing Partner, Marigold Capital

jonathan.hera@marigold-capital.com

List of TBDF’s Canadian Supporters:

Cycle Capital

Ecofuel Fund

Marigold Capital

Pique Ventures

Quantius

StandUp Ventures

 

Information :

Canada Lead

Lally Rementilla

416.272.8819

lrementilla@quantius.ca 

[1] https://techcrunch.com/2018/11/04/female-founders-have-brought-in-just-2-2-of-us-vc-this-year-yes-again/

[2] https://hbr.org/2012/12/a-wave-of-angel-investing-orga

Montreal, January 25th, 2019 – Ecofuel Fund – one of Canada’s largest seed stage cleantech venture capital funds – is pleased to announce its second closing for total investor commitments of $40.6 million. The Fund collected additional $10.6M in equity to support cleantech seed stage companies from Quebec and Eastern Canada. As part of this closing, the Fund welcomes Desjardins Capital and a number of high net worth investors and receives increased commitment from Investissement Québec, acting as mandatory of the Government of Québec. The other initial investors in the Fund are BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Fonds de solidarité FTQ, Fondaction and the CRIBIQ.

“We’re happy to welcome Desjardins Capital as a new investor and receive increased commitment from the Government of Quebec, one of our initial investors. It is a clear demonstration of our investors’ confidence in our model and the collaborative synergies developed with the Ecofuel Accelerator. My co-Managing Partner Johanne and I are also grateful for their support to innovative seed stage companies,” said Richard Cloutier, Managing Partner of the Ecofuel Fund.

Launched in July 2017, the Ecofuel Fund invests seed stage capital in innovative cleantech companies from Quebec and Eastern Canada. To this day, the Fund has completed investments in 12 companies including 7 pre-seed investments as part of the Ecofuel Accelerator.

About Ecofuel

Ecofuel is a venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercialize clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of workshops, networking sessions and access to experienced mentors.

Information:
Catherine Bérubé
Vice President, Sustainability, Investors Relations and Public Affairs cberube@ecofuelaccelerate.com
+1 514 629-1022
Web site: ecofuelaccelerate.com
Twitter: @ecofuelstartups
LinkedIn: Ecofuel

Montreal, October 23rd, 2018 – Ecofuel, a venture capital fund and specialized and personalized accelerator in the cleantech sector, announces the six companies of the Ecofuel Accelerator Fall 2018 Cohort. Selected amongst 33 applicants, they’re the participants of the eight cohort of the Ecofuel Accelerator.

Entrepreneurs from Tero, Lekla, Nexus Robotics, SPI Bio, BluWave-aiand Concept GEEBEE will experience in the last three months an acceleration program tailored to their needs, which was already a success factor for many companies in the past four years. They will receive mentorship and advice from about forty mentors who are references in cleantech, business, global markets and entrepreneurship.

• Tero: small household composting solution teroproducts.com
• Lekla: solar optical filters and power stations for remote locations – lekla.ca
• Nexus Robotics: Autonomous robotic solution solutions for Agriculture using machine learning – Nexusrobotics
• SPI Bio: Detection equipment to prevent legionella contamination – spibio.ca
• BluWave-ai: AI-based platform that optimizes the operation of smart grids and microgrids – bluwave-ai.com
• Concept GEEBEE: Innovative electric scooter – conceptgeebee.com/

About Ecofuel
Ecofuel is a venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercializes clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, an experienced mentor ecosystem.

In addition to the funding provided by the Government of Quebec, the Ecofuel Accelerator, founded by Cycle Capital, benefits from the collaboration of Transition énergétique Québec, Écotech Québec and Innovacorp.

Information:
Catherine Bérubé
Head of Communications and Public Relations
cberube@ecofuelaccelerate.com
+1 514 629-1022
Web site: ecofuelaccelerate.com
Twitter: @ecofuelstartups
LinkedIn: Ecofuel

Montreal, June 12, 2018– The Ecofuel Accelerator is launching the recruitment for its Fall 2018 cohort. Seed stage cleantech companies have until August 31st to submit their application. The accelerator’s seventh cohort will start in October 2018.

The four months Ecofuel acceleration program offers a seed investment of up to $75,000 and an access to training workshops, networking sessions and mentors who are a reference in cleantech and/or their respective fields of expertise. Ecofuel’s objective is to help entrepreneurs build a sustainable and profitable business plan in an environment stimulated by the other companies in the cohort, the mentors, and the broader clean technology ecosystem. In short, Ecofuel prepares the entrepreneur to refine his business plan and to raise the required financing to execute it.

We are looking for determined, goal oriented teams that want to change the world through delivering clean technologies based on sound economic models. To apply, please submit your project online at www.ecofuelaccelerate.com/apply or contact Olivier Gagnon-Gordillo, Operations Director at oggordillo@ecofuelaccelerate.com.

About Ecofuel
Ecofuel is a venture capital fund and a specialized and personalized accelerator dedicated to the cleantech startups. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build globally competitive companies. Ecofuel Fund invests smart money in seed stage startups that develop and commercializes clean technologies while the Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, an experienced mentor ecosystem.

In addition to the funding provided by the Government of Quebec, the Ecofuel Accelerator, founded by Cycle Capital, benefits from the collaboration of Transition énergétique Québec, Écotech Québec and Innovacorp.Ecofuel is a specialized and personalized accelerator dedicated to cleantech companies. Ecofuel, powered by Cycle Capital, works with entrepreneurs to help build seed and early stage companies that develop and commercialize clean technologies and are globally competitive. The Ecofuel Accelerator offers entrepreneurs training workshops, networking sessions, an experienced mentor ecosystem.

Information:
Catherine Bérubé
Head of Communications and Public Relations
cberube@ecofuelaccelerate.com
+1 514 629-1022
Web site: ecofuelaccelerate.com
Twitter: @ecofuelstartups
LinkedIn: Ecofuel