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).

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.

“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

• 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.

• Cycle Momentum
• CED funding initiatives and programs

“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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