Canadian Cleantech Innovation Leaders Partner to Drive Capital Investment into Quebec Cleantech Ventures

Four cleantech innovation leaders have teamed up to tackle cleantech’s access to capital problem. The Quebec Cleantech Investment Challenge, powered by HSBC Bank Canada, aims to increase the flow of capital investment into Quebec-based cleantech ventures, while preparing up-and-coming investors to invest.

The Challenge, delivered by SI Canada, Foresight Canada, Cycle Momentum, and Spring Activator, supports 15 cleantech ventures through investor readiness to address funding needs, while simultaneously developing 20+ early-stage climate solutions investors from Quebec and across Canada. By the end of the program in June 2023, at least one cleantech venture will raise $100,000 in investments from the investor stream to further develop their climate solution.

Canada has an ample supply of promising cleantech startups, and Quebec is no exception. However, there are several factors that are hampering the growth of Canadian cleantech ventures, and high among these is a lack of capital investment. In a survey taken in 2020 by Foresight, cleantech companies identified accessing private sources of investment as their number one barrier to growth.

The collaborative, cohort-based model of this Challenge works to address this issue by simultaneously developing more qualified investors through cleantech investor training, and developing more qualified deal flow by providing investor readiness training to ventures.

Canadian cleantech startups have the potential to generate significant jobs, economic impact, and export growth for Quebec and the country — this Challenge seeks to ensure these ventures have the support and capital they need to see their critical solutions come to fruition.

This model has been proven to drive cleantech investment in other Canadian markets. A goal of this Challenge is to ensure a diverse group of investors and cleantech startups, including at least half of participants identifying as women and/or members of the BIPOC community.

Interested Quebec-based ventures can learn more and apply here and Canadian investors can learn more and apply here.

Quotes

“On a per capita basis, Canadian cleantech venture capital investments represent half of what is seen in the United States. The amazing cleantech startups emerging across Canada, and in Quebec in particular, need capital to bring their solutions to market — solutions that can help Quebec, Canada and the world get to net zero. We’re pleased to be working alongside our partners to catalyze greater investment into promising cleantech ventures.” – Barnabe Geis, Senior Director of Cleantech, SI Canada

“Canada has no shortage of inspiring innovators developing ground-breaking solutions to global climate issues. But what we’re seeing is a lack of capital investment to support these ventures. That’s why we’re thrilled to be partnering with this forward-thinking group of cleantech leaders to address this issue and drive capital investment into Quebec to help us move the needle to net zero.” – Jeanette Jackson, CEO of Foresight Canada

“HSBC Bank Canada is proud to support the Quebec Cleantech Investment Challenge as part of our commitment to advance the adoption and scaling of climate innovation from coast-to-coast,” said Valerie Lemieux, Managing Director, Global Banking at HSBC Bank Canada. “This challenge will provide early-stage climate ventures with the capital and expertise they need to generate job, economic and export growth for Quebec.”

“The cleantech investment challenge is a unique opportunity for startups to build relationships and collaborate with impact investors in developing their solutions to address climate change. There is a growing demand to adopt cleantech solutions and partnering with the right investors and exchanging ideas with a thriving ecosystem will facilitate  startups and entrepreneur to gain a competitive edge in Canada” – Patrick Gagné, CEO at Cycle Momentum

We are seeing an abundance of exciting Cleantech innovation from companies across the country, yet many lack early stage capital and support to grow. The program allows founders and investors to work alongside each other to foster trust, collaboration and investment. We look forward to working with our partners to support new technology across Quebec. – Graham Day, Investment Director at Spring Activator

About HSBC

HSBC Bank Canada, a subsidiary of HSBC Holdings plc (‘HSBC Group’), is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances here and internationally through four businesses: Commercial Banking, Global Banking, Markets and Securities Services, and Wealth and Personal Banking.

HSBC Holdings plc, the parent company of HSBC Bank Canada, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,992bn as at 30 September 2022, HSBC is one of the world’s largest banking and financial services organizations.

For more information visit www.hsbc.ca or follow us on Twitter: @HSBC_CA or Facebook: @HSBCCanada

About the SI Canada

SI Canada is a pan-Canadian network of social innovators: people and organizations with a focus on social and environmental change. We work to connect innovators with the resources and opportunities they need to solve complex problems and create transformative change.

About Foresight Canada

Foresight is Canada’s cleantech accelerator. Foresight supports the identification and validation of cleantech opportunities and the successful commercialization of solutions. We bring together industry, government, academia, investors, and innovators to address today’s most urgent climate issues and support a global transition to a green economy. Find out more at www.foresightcac.com. Follow on Twitter @ForesightCAC.

About Cycle Momentum

Cycle Momentum is an accelerator and open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Our mission is to find innovative solutions to the major ecological challenges facing humanity. Member of the Cycle Capital Platform, Cycle Momentum provides entrepreneurs with training workshops, networking sessions and mentoring, and works with leading companies to stimulate technology acquisition and integration. In order to increase the impact of its programs, Cycle Momentum has brought together several local and international investment funds as part of its Circle of Partner Funds, whose members are involved with participating startups.

Cycle Momentum can count on the financial support of the Gouvernement du Quebec, the Fonds Vert, Cycle Capital, Canada Economic Development for Quebec Regions, Investissement Québec, the TELUS Pollinator Fund for Good, Scale AI, Fasken and the City of Montreal. Cycle Momenum also benefits from the collaboration of Écotech Québec and the Zone Agtech.

For more info: https://cyclemomentum.com/

About Spring Activator

Spring Activator is a global incubator, accelerator, and advisory firm that empowers entrepreneurs, investors, and entrepreneurial ecosystem builders to change the world through innovation. Its impact investing development work includes the Impact Investor Challenge, a program that has trained 130+ impact investors since 2019, with participating companies raising over $5M.

Learn more: https://spring.is/

ClimateTech Expert Gerd Goette Joins Cycle Capital as Venture Partner

Montreal, November 7, 2022 — Cycle Capital, a leading ClimateTech venture capital firm, welcomes Gerd Goette – former Managing Partner of Siemens Venture Capital – to the investment team as a Venture Partner. Gerd Goette will draw upon his deep domain expertise in energy, transportation and the built environment to identify the next breakthrough ClimateTech companies and grow Cycle Capital’s presence in the United States. Gerd will also continue mentoring high-growth startups at Cycle Momentum, a startup accelerator + innovation engine.

Through leadership roles at Lupine Growth Advisors, Sunverge Energy, BuildingIQ (ASX:BIQ) and, more recently, Rhombus Energy Solutions, a Cycle Capital portfolio company which BorgWarner acquired in July 2022, and his experience as head of the Energy Practice at Siemens Venture Capital, Gerd has developed a strong understanding of the ClimateTech sector and the impact emerging technologies can have in accelerating the transition to a net-zero economy.

Alongside his three decades of professional experience, Gerd has held various strategic advisory positions at 60 Hertz, Arukona, ClimateCapex, EPRAS, NeoCTech, ReWatt Power and SkyCentrics and serves on the Investor Advisory Board of the National Renewable Energy Laboratory (NREL), and the Investment Committees of the Clean Energy Finance Corporation’s Innovation Fund (CEFC) and Evergreen Climate Innovations (f.k.a. Clean Energy Trust, CET).

“Gerd is well known for his extensive leadership and executive experience in scaling innovative startups and positioning companies for success,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Goette’s background will help advance our team’s work to identify high-quality ClimateTech investment opportunities and provide our portfolio companies with additional resources to develop long-term sustainable business models, notably in the United States.”

Gerd is based in the San Francisco Bay area and received a master’s degree in electrical engineering (Dipl. Ing.) from Technical University in Darmstadt, Germany.

ZONE AGTECH AND CYCLE MOMENTUM, IN COLLABORATION WITH BIOENTERPRISE CORPORATION, ANNOUNCE THE 3rd EDITION OF THE QUEBEC ACCELERATION PROGRAM 100% DEDICATED TO AGTECH

Montreal, October 20, 2022 – In partnership with Zone Agtech and Bioenterprise Corporation, Cycle Momentum is currently recruiting for the Cycle Momentum Agtech Acceleration Program – powered by Zone Agtech. This acceleration program is 100% dedicated to commercializing innovative agricultural technologies in Quebec. This initiative aims to advance the development of concrete solutions that reduce the Agtech sector’s environmental footprint, help agricultural producers adapt to climate change and support food autonomy in Quebec in order to accelerate the province’s transition towards a greener, more efficient, and sustainable economy.

As part of the Cycle Momentum Agtech Acceleration Program – powered by Zone Agtech, five seed-stage enterprises with innovative agricultural technologies will benefit from various forms of support, including access to agricultural resources required to commercialize their technology. This immersive program will support the commercialization of Agtech by focusing on the quality of innovation, demonstration in an operational environment with pilot partners, and financing opportunities.

Companies are invited to apply to the Cycle Momentum Agtech Acceleration Program – powered by Zone Agtech starting today, until December 12th, 2022. Activities for this second cohort will begin at the end of January 2023. Powered by Zone Agtech, this program is designed for innovative agricultural companies with solutions to reduce GHGs, increase food autonomy and/or promote agricultural adaptation to climate change.

Prospective applicants must also be located in the Zone Agtech or must commit to relocating there by the end of the program.

This initiative is part of a three-year partnership (2020-2023) between Zone Agtech, Bioenterprise Corporation, and Cycle Momentum. Thanks to an investment of $570,000, this alliance is working to accelerate the development of innovative agricultural technologies in Quebec along with  supporting the mission of Zone Agtech.

“We are delighted to renew, for a 3rd consecutive year, the Cycle Momentum Agtech Accelerator Program, powered by the Zone Agtech. Together with the Cycle Momentum team, we have had the opportunity to support promising impact companies that are committed to reducing the environmental impact and adapting to climate change in the agricultural sector,” explains Marilou Cyr, Executive Director of the Zone Agtech. The agtech sector is booming and we are pleased with this collaboration with Cycle Momentum, which allows us to offer a robust program to our companies.”

“We are delighted to help accelerate the development of clean technologies in the agricultural sector. We are looking for entrepreneurs who are committed to both the development of the agricultural sector and the reduction of greenhouse gases”, emphasizes Patrick Gagné, President and CEO of Cycle Momentum. “We want to help these entrepreneurs better commercialize their technological solutions and partner with industrial groups to scale-up and drive innovation in the agriculture sector.”

“Our continued partnership with Zone Agtech and Cycle Momentum represents a considerable expansion of Canada’s Food and Agri-Tech Engine. It also allows us to make our expertise and resources further available to companies and organizations in Quebec,” explains Bioenterprise CEO Dave Smardon. “At the same time, we will have the opportunity to contribute to the export of promising food and agri-tech innovations from Quebec to the rest of Canada and to continue establishing funding partnerships as well as regional and national collaborations.”

About Zone Agtech

An incubator for know-how, entrepreneurship and innovation, Zone Agtech is located in the regional county municipality of L’Assomption, Quebec. It is a dedicated geolocated zone that brings together the entire local ecosystem to propel new agriculture, enabling both SMEs and large companies associated with it to successfully position themselves and reap unique competitive advantages. Strategically situated on the North Shore of Greater Montréal, the Zone provides direct access to a metropolitan logistics hub with research teams, a business network, advisors, training, research facilities, and visibility platforms all within a single location.

Since its launch by the L’Assomption RCM in 2020, Zone Agtech has distinguished itself as a key player in the development of the agtech and plant bioproducts industry in Quebec. Zone Agtech has already established several networks, developed international partnerships, created four consortiums, and, through its organized events, reached more than a thousand vital actors in the sector. Some forty companies are also setting up in the geolocated zone. In less than two years, Zone Agtech has brought together more than 200 Quebec companies and organizations within the agtech community, more than 1,600 scientists representing 24 complementary areas of expertise, 10 financial partners, and 3 acceleration partners.

For more info: www.zoneagtech.ca

About Cycle Momentum

Cycle Momentum is an accelerator and open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Our mission is to find innovative solutions to the major ecological challenges facing humanity. Member of the Cycle Capital Platform, Cycle Momentum provides entrepreneurs with training workshops, networking sessions and mentoring, and works with leading companies to stimulate technology acquisition and integration. In order to increase the impact of its programs, Cycle Momentum has brought together several local and international investment funds as part of its Circle of Partner Funds, whose members are involved with participating startups.

Cycle Momentum can count on the financial support of the Gouvernement du Quebec, the Fonds Vert, Cycle Capital, Canada Economic Development for Quebec Regions, Investissement Québec, the TELUS Pollinator Fund for Good, Scale AI, Fasken and the City of Montreal. Cycle Momenum also benefits from the collaboration of Écotech Québec and the Zone Agtech.

For more info: www.cyclemomentum.com

About Bioenterprise Corporation

Bioenterprise is Canada’s Food and Agri-Tech Engine, bringing more than 15 years of industry experience and a national and international network of research institutions, academia, mentors, experts, government, and industry players nationwide to help small and medium-sized businesses in the sector to connect, innovate, and grow. Through its experienced service partner network, Bioenterprise offers a wide range of expertise and support to its clients. In partnership with other industries, Bioenterprise opens doors to new technologies and platforms to help food and agri-tech businesses innovate and grow.

For more info: www.bioenterprise.ca

Contacts

Zone Agtech

Bryce Nagels

bnagels@zoneagtech.ca

Cycle Momentum

Morgan Guitton

mguitton@cyclemomentum.com

Introducing Cycle Momentum’s 6 New Cleantech Startups

Cycle Momentum kicked off its Fall Cleantech Accelerator cohort on October 4, 2022. As part of the cohort, six new teams began collaborating with Cycle Momentum’s 30+ mentors, entrepreneurs-in-residence and industry experts to develop their business model, marketing strategy, and financing plans.

About Cycle Momentum’s Accelerator Program 

The five startups are the newest members of Cycle Momentum’s accelerator program that compasses of more than 90 companies across 6+ sub-sectors. Cycle Momentum is an accelerator + open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Since 2015, Cycle Momentum’s accelerated companies have raised more than CA$320M and created 650+ jobs.

Patrick Gagné, CEO at Cycle Momentum, adds: “The five newest startups represent a unique mix of experienced and talented founders from diverse backgrounds that are tackling critical energy transition issues in our economy and driving innovation. Cycle Momentum’s team and mentors are excited to collaborate with the upcoming cohort and support founders by sharing their extensive technical and business expertise.”

Who are the new Cycle Momentum’s startups?

Gamotech – Renewable Energy

Gamotech designs, manufactures and distributes portable power units with zero carbon emissions. Their core product, Gamo-X, a trailer truck, provides municipal and commercial work truck managers with clean and low-cost power to help eliminate the need for diesel engines and generators for maintenance work. In recent months. Gamotech has partnered with municipal governments, such as the cities of Levis, Sainte-Julie and l’Assomption, to streamline their efforts to decarbonise construction and maintenance work.

Green Graphite Tech  – Green Chemistry 

Green Graphite Technologies aims to commercialize the most cost-effective and environmentally friendly sustainable process to transform natural flake graphite into high purity lithium-ion battery (LiB) grade graphite. Their team has developed GraphPure™ to remove impurities from NFG and bring to market high purity graphite. To develop GraphPure™, Green Graphite Technologies has partnered with leading NFG Mining End users, carbon manufacturers and technical collaborators and is receiving support from both Sustainable Development Technology Canada and Investissement Québec.

Aeroport AI – Industry 4.0 

Aeroport AI uses computer vision and deep learning to monitor and analyze aircraft ground operations through ramp and aerobridge cameras to optimize and automate apron management. Based in Montreal, Aeroport AI aims to leverage real-time and structured data to build tools that decrease airside operation delays, improve safety and reduce CO2 emissions.

LATYS Intelligence – Industry 4.0 

LATYS Intelligence uses cutting-edge technology to change how wireless networks are designed. By using space as a resource in the network architecture, LATYS builds robust and efficient wireless infrastructure to enable the deployment of the Industrial Internet of Things and 5G communication systems. In April 2022, LATYS Intelligence received Sustainable Development Technology Canada’s seed grant to develop the LATYS Autonomous Intelligent Repeater (AIR). LATYS Intelligence has also partnered with TandemLaunch Inc., University of Toronto, and Institut National de la Recherche Scientifique to develop their technology.

RegenEAU – Urban Tech 

RegenEAU improves energy efficiency and decarbonization solutions for the multi-dwelling and commercial building sectors. By leveraging existing technologies and best business practices, RegenEAU’s technology recuperates heat from wastewater to reduce the building’s energy consumption and produce hot water at a lower cost.

Oxia Initiative – Industry 4.0 

Oxia Initiative is a SaaS-based carbon accounting platform that helps companies and investors calculate and disclose their carbon footprint. By using Oxia Initiative’s flagship product, Carboscope, companies and investors can automate GHG reporting and showcase their results in accordance with international standards to stakeholders.

Ankit Mishra Joins Cycle Capital as Project Manager, Communication and Marketing

Ankit Mishra

Cycle Capital, an impact investor and leading cleantech venture capital investment platform, welcomes Ankit Mishra to the team. As Project Manager, Communications & Marketing, he will lead Communication and Marketing efforts across the Cycle Capital platform and report to the VP of Sustainability, Investor Relations and Public Affairs.

Before joining Cycle Capital, Ankit spent over ten years working for various early-stage startups in the San Francisco Bay Area, the Ontario Government and the OECD, specialising in economic growth, energy transition, and the future of work. . Ankit is also an Energy Contributor at Forbes. In 2022, he was named a Fellow at the Energy Futures Lab.

“We are thrilled to welcome Ankit to Cycle Capital,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “His unique experience in entrepreneurship, marketing and research is a perfect fit for Cycle Capital as we look to scale our Cycle Momentum and Cycle Central initiatives.”

Ankit studied a Master’s degree in International Economics from Sciences Po Paris and a Bachelor’s degree in Mathematics with French from York University (Glendon College).

 

 

Government of Canada helps major industrial players reduce ecological footprint with support for Cycle Momentum

DEC accorde une aide financière d’un million de dollars à l’organisme montréalais.

MONTRÉAL, June 14, 2022 /CNW Telbec/ – Canada Economic Development for Quebec Regions(CED)

Supporting the clean tech sector contributes to economic development in Quebec’s regions. That is why the Honourable Pascale St-Onge, Minister of Sport and Minister responsible for CED, today announced a non‑repayable contribution of $1 million for Cycle Momentum. This CED support will enable it to boost the development and adoption of technologies from start-ups in order to make the activities of businesses and traditional sectors greener.

In concrete terms, Cycle Momentum will be able to launch five open innovation challenges with well‑known industrial partners in order to reduce the ecological footprint of their operations. It will also be able to generate business opportunities for the local ecosystem of clean tech start-ups. In addition, the contribution announced today will enable it to continue to provide personalized mentoring to anchor structural projects and propel businesses forward that have the potential for high growth and significant impact through open innovation programs in collaboration with corporate partners.

Cycle Momentum is a business accelerator and open innovation platform specializing in the clean tech sector. Its project will support the long-term recovery of the Canadian, Quebec, and local economies through a forward-looking perspective and inclusive growth. It will lead to the creation of eight direct jobs and promote the green economy.

The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic recovery relies on the adoption of green technologies and the fight against climate change. Businesses that leverage clean technologies are major contributors to growth with a smaller ecological footprint, as well as key assets in rebuilding a greener, stronger, more resilient, and more just economy for all.

Quotes

“Our government supports entrepreneurial spirit, most especially when the ingenuity and know‑how of our entrepreneurs lead to the development of green technologies. Innovation is a core priority for us, and we are proud to support innovative projects such as those by Cycle Momentum, which help create a less polluting environment. By leveraging these innovative projects, we are also investing in the well-being of future generations.”

The Honourable Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED

“We are delighted with this support from CED, which enables us to bring Quebec’s big businesses more in line with open innovation by collaborating with start-ups in the clean tech sector. It is a win‑win situation. On the one hand, established businesses will have the ability to identify and adopt technologies more quickly to reduce their carbon footprint. On the other hand, start-ups will have the potential to accelerate their commercial growth and increase the impact their technologies will have on the environment.”

Patrick Gagné, President and CEO, Cycle Momentum

Quick facts
  • This contribution has been granted under the Jobs and Growth Fund, which provides funding to businesses and organizations to help create jobs and position local economies for long‑term growth.

  • SMEs represent 99.7% of Quebec businesses and contribute to 50% of the province’s GDP.

  • Today’s announcement is part of a series of CED announcements that have been taking place since the winter confirming a total of nearly $40 million in investments in over 20 innovative projects by Quebec businesses and organizations that will contribute to the economy of tomorrow. These are strategic investments in projects that will make it possible to reduce Canada‘s environmental impact and foster a green, resilient economy.

  • CED is a key federal partner in Quebec’s regional economic development. CED is a key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
Associated links

Cascades and Cycle Momentum launch an open-innovation partnership

“The Clean Energy Challenge” initiates the search for heat generation technologies that can reduce greenhouse gas (GHG) emissions.

Montreal, April 28, 2022 – Cascades, a leader in recovery, hygiene and sustainable packaging solutions, and Cycle Momentum, startup accelerator and innovation engine in cleantech, are joining forces to launch an open innovation program to find and deploy heat generation technologies that will reduce greenhouse gas (GHG) emitted from pulp and paper production.

Today, Cycle Momentum and Cascades are calling for applications from innovative companies developing clean energy and heat generation solutions. The solutions sought include the use of renewable electricity or renewable natural gas, green hydrogen, waste materials, biomass, geothermal energy or solar energy. The deadline to apply is June 14th, 2022. For more information, visit: cleanenergychallenge.ca.

The selected companies will be supported by Cycle Momentum and Cascades in developing and implementing their solution. One of them will also have the opportunity to set up a pilot project and receive financial support.

Cascades, a pioneer in the circular economy, offers hygiene and packaging products made mainly from recycled materials. While sustainable development has been in the company’s DNA since its inception, it is continuously striving to take concrete actions to remain ever more sustainable, innovative and value-generating.

Cascades revealed its fourth sustainable development plan in 2021. Using 2019 as a base year, Cascades aims to reduce GHG emissions from its mills (paper manufacturing plants) by 38.7% and GHG emissions from its other activities (paper conversion plants, among others) by 27.5% by 2030.

Furthermore, the open innovation programs deployed in partnership with Cycle Momentum, like the Source of Clean Energy Challenge, are made possible thanks to the financial support of Canada Economic Development for Quebec Regions (CED), as well as the strategic support of Écotech Québec and 2 Degrés, which will also be called upon to act as judges in the application selection process.

“True to its core values and eager to do even more to promote sustainable development, Cascades wishes to use this challenge to demonstrate the potential of fruitful collaborations with the innovation ecosystem to solve climate change-related issues, specifically by further reducing greenhouse gas emissions. In this endeavour, we are pleased to capitalize on the expertise of Cycle Momentum, Écotech Québec and 2 Degrés, as well as on the financial support of Canada Economic Development.” – Mario Plourde, President and CEO of Cascades.

“This challenge is a unique opportunity to work with a major player like Cascades to catalyze innovation and the development of innovative technologies in the green energy sector. To do so, we can count on the collaboration of Écotech Québec and 2 Degrés, which will participate in identifying the best technologies developed by talented entrepreneurial teams.” – Patrick Gagné, CEO at Cycle Momentum

About Cascades

Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 10,000 women and men across a network close to 80 facilities in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades’ shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

About Cycle Momentum

Cycle Momentum is an accelerator and open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Our mission is to find innovative solutions to the major ecological challenges facing humanity. Founded by Cycle Capital, Cycle Momentum provides entrepreneurs with training workshops, networking sessions and mentoring, and works with leading companies to stimulate technology acquisition and integration. Cycle Momentum can count on the financial support of the Gouvernement du Quebec, the Fonds Vert, Cycle Capital, Canada Economic Development for Quebec Regions, Investissement Québec, the TELUS Pollinator Fund for Good, Scale AI, Fasken and the City of Montreal. Cycle Momentum also benefits from the collaboration of Écotech Québec and the Zone Agtech.

About Canada Economic Development for Quebec Regions (CED)

CED is a key federal partner in Quebec’s regional economic development. With its 12 business offices, CED accompanies businesses, supporting organizations, and all regions across Quebec into the economy of tomorrow, one that is greener, more inclusive, and move innovative. As a facilitator helping to bring the right partners together around a given project, CED goes beyond just funding promising projects. CED represents an expertise, a network, and investments that support innovation, competition, and growth among businesses and Quebec’s regions to ensure our economy prospers in the long term.

About Écotech Québec

Écotech Québec, the first organization of its kind in Canada, has been representing the cleantech cluster since 2009. It supports local players – companies, researchers, investors, and groups – to accelerate the development, financing and deployment of clean technologies. Écotech Québec collaborates with many organizations, including several located in the regions of Quebec. Écotech Québec is also a founding partner of the Canada Cleantech Alliance, a member of the International Cleantech Network and a founding member of the Solar Impulse Foundation’s Global Alliance for Efficient Solutions.

About 2 Degrés

Incubator specialized in clean technologies, offering personalized support as well as innovation and intellectual potential development programs.

 

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Medias :

Hugo D’Amours

Vice-president Communications, Public Affairs, and Sustainable Development

Cascades

hugo_damours@cascades.com

Manuelle Côté

Project Manager, Communications et Marketing

Cycle Momentum

mcote@cyclecapital.com

Rémi Fournier joins Cycle Momentum as Entrepreneur in Residence

Cycle Momentum is pleased to welcome Rémi Fournier, a veteran entrepreneur and investor, to its team as Entrepreneur in Residence. Rémi joins the accelerator with great entrepreneurial know-how. As a seasoned entrepreneur & investor, Rémi has founded, co-founded or invested in over 20 ventures in various industries, including telecommunications, digital advertising, edtech, payment, fintech and software technologies in the past 15 years.

He originally cofounded Fibrenoire, once the largest fiber optic network exclusively dedicated to businesses in Eastern Canada and now proudly part of the Videotron family. As VP of Sales and Engineering, he led a solid sales team that thrusted the company’s exponential growth to over 4000% per year since the company’s inception in 2007.

‘We’re thrilled to count Rémi among our network of skilled mentors. His unique entrepreneurial experience will undoubtedly bring value to startups.’ – Andrée-Lise Méthot, Founder & Managing Partner at Cycle Capital

His expertise includes C-Level selling, organic and M&A growth strategies, hyper growth organizational structures, product commercialization, marketing and digital branding. His engineering background and technical skills give him an in-depth understanding of how stuff works in multiple industries and help him identify the next emerging trends to increase the performance of any given business model.

“With his entrepreneurial experience at Fibrenoire, Rémi brings a wealth of expertise in financing, business development, marketing and sales, critical skills to master early in an entrepreneurial journey. We are very happy to benefit from his accumulated knowledge! – Patrick Gagné, CEO of Cycle Momentum

His expertise includes C-Level selling, organic and M&A growth strategies, hyper growth organizational structures, product commercialization, marketing and digital branding. His engineering background and technical skills give him an in-depth understanding of how stuff works in multiple industries and help him identify the next emerging trends to increase the performance of any given business model.

He is also a proud organic grower with a deep interest in the human connection to nature.

Zone Agtech and Cycle Momentum present the 5 startups selected to join the 2nd cohort of the Cycle Momentum Acceleration Program: Agtech, powered by the Zone Agtech

L’Assomption RMC, March 3rd, 2022 – In their continued commitment to boost the commercialization of clean agricultural technologies within the province to reduce greenhouse gas (GHG) emissions and adapt to climate change, the Zone Agtech and Cycle Momentum today announce the five startups that will undergo an intensive and immersive 16-week long mentoring program as part of the Cycle Momentum Acceleration: Agtech program, powered by the Zone Agtech.

These five companies were selected following the consideration of a panel of experts and major players in the province’s agricultural, agtech and cleantech ecosystem. The jury was mandated to assess the applications based on the advancement and relevance of the proposed technologies to the agriculture and agri-food sector, the leadership abilities of the management team, and the expected outcomes in reducing ESG and agricultural adaptation in a changing climate.

With access to an acceleration program entirely dedicated to the agtech industry, the selected companies will benefit from several services offered by the Zone Agtech, Cycle Momentum and the pan-Canadian Engine network, as well as proximity to the target market, various forms of support and specialized training offered by mentors, experts and leaders in their field of expertise. One of the selected companies may also be entitled to a grant of up to $5,000 to establish itself in the heart of Quebec’s agtech ecosystem : the Zone Agtech.

In addition to reducing GHG emissions and adjusting to climate change, the solutions proposed by the 2nd cohort are innovative, with the potential to increase the agricultural sector’s productivity by improving its access to advanced technologies for controlled environments, precision agriculture and agriculture robotization adapted to remote regions and Quebec’s context.

The companies selected for the 2nd cohort are

  • Symphoni (powered by Delight Technologies) : Artificial lighting technology with integrated cooling loop.
  • Ground Up Data : Underground and wireless telecommunications technology dedicated to the agricultural sector.
  • LBM Agtech : Manufacture of integrated hydroponic farming complexes
  • Orisha : Greenhouse climate and irrigation management solution focusing on cost-effectiveness and simplicity
  • Muclitech : Climate management solution for a controlled environment.

“The companies selected for this 2nd cohort are robust and demonstrate, yet again, just how fertile a breeding ground Quebec is for innovative agricultural technologies. We are pleased to be able to support these companies dedicated to the transition of the bio-food sector towards clean and sustainable technologies. We will be there to support the 5 finalists in the pursuit of their project, and we are looking forward to welcoming them to the Zone Agtech. ” Marilou Cyr, Executive Director.

With rising inflation and the impending concerns over climate change, innovation in agriculture is more relevant now than ever. We are proud to welcome five Quebec-based companies actively responding to the environmental and socio-economic challenges we face in the food industry today. Cycle Momentum’s role is to increase their chances of success as they bring an idea to market and secure financing from leading clean technology investors. ” Patrick Gagné, CEO at Cycle Momentum.

The Zone Agtech and Cycle Momentum would like to acknowledge the contribution of its selection committee members: Catherine Lessard of the Association des producteurs maraîchers du Québec, Dieter Valtins of Bioenterprise, Simon Olivier from Cycle Capital, Christine Forget and Morgan Guitton from Cycle Momentum, Jean-Pascal Saucier from Investissement Québec, Yourianne Plante of Lufa Farms, Marcel Gosselin of the Ministère de l’Énergie et des Ressources naturelles, and Bryce Nagels and Marilou Cyr from the Zone Agtech , who did an outstanding analysis of each of the applications received.

This initiative is part of a three-year partnership (2020-2023) between the Zone Agtech Bioentreprise Canada and Cycle Momentum. Through a co-investment of $570,000, this alliance serves to catalyzes the development of innovative agricultural technologies in Quebec in addition to supporting the Zone Agtech’s’s mission.

To learn more about the Cycle Momentum Acceleration Program : Agtech – powered by the Zone Agtech : https://bit.ly/3q4ob3Q

Manuelle Côté joins Cycle Momentum

Cycle Capital welcomes Manuelle Côté to the team. As Project Manager, Communications & Marketing, she will lead Communications & Marketing efforts across the Cycle Capital platform.

Prior to joining Cycle Capital, Manuelle worked as a venture manager at the Creative Destruction Lab, a seed-stage program for massively scalable, science-based companies. She worked closely with startups that leverage artificial intelligence and data science to solve problems along supply chains.

Manuelle spent most of her early career dividing her time between Calgary, Vancouver, and Mountain View while working in tech. She worked for McGraw-Hill, a global educational publisher and learning tech company, before joining the leadership team at Filld, a VC-backed fuel startup based in Silicon Valley, in a marketing & partnership role.

“We are excited to welcome Manuelle to the great team at Cycle Capital. Her experience working closely with entrepreneurs will be valuble to our organizations.” – Andrée-Lise Méthot, Founder & Managing Partner at Cycle Capital

Manuelle studied Public Relations at the University of Calgary and Innovation & Entrepreneurship at Stanford University before completing an MBA from HEC Montréal, where she received a leadership scholarship for her work on diversity and sustainability in organizations.