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.


“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.
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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:

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


Manuelle Côté

Project Manager, Communications et Marketing

Cycle Momentum

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 :

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.

Luc Giguère joins Cycle Momentum’s Board of Directors

Montreal, January 27, 2022 – Cycle Momentum – a cleantech an accelerator and open innovation platform – announces the appointment of Luc Giguère as Board Member. He will also act as a mentor to some of the companies in the accelerator programmes.

Luc Giguère is a serial entrepreneur, turnaround specialist and executive with 30 years of experience in the technology field. He has started or helped start over 40 companies since launching Absolu Technologies in 1991, the first self-service credit card payment system in Canada. In 1997, the company changed its name to telweb and was subsequently sold for $100 million to Schlumberger Industries (NYSE:SLB) in January 2000.

After obtaining an MBA, a joint degree from the London School of Economics, HEC Paris and New York University, he started Oh! Airlines, an airline that offered first class, non-stop service at business rates from London-Stansted. In parallel, he also managed the Planet 31 Investments Inc. fund, through which he made investments in various companies including Technocap, Lipso (sold to Trans-Continental GTC), T-Rex Motosport and Yotta-Yotta (sold to EMC2, sold to Dell).

In 2016, he joined the team at Centech, ETS’s technology venture incubator, where he participated in its re-launch. Centech is now recognized by UBI-Global as one of the top 10 Accelerators and one of the top 20 University-based Incubators in the world.

In the summer of 2021, Luc joined the Technology and Innovation division of the Nati onal Bank of Canada as Director of Start-Ups where he represents the bank in various accelerators and incubators, and offers the bank’s multiple financial products to growing technology companies.

“My involvement with Cycle Momentum is a natural step in my long career in technology in Quebec and internationally. Cycle Momentum is, and will be, a crucial player in developing solutions and innovations to meet the challenges posed by climate change, the energy transition and the adaptation of our economies to these profound changes. I am optimistic for the future because I deeply believe in the talent and determination of our best entrepreneurs.”

– Luc Giguère

“I am very proud to welcome Luc Giguère, an experienced entrepreneur who, very early in his career, exhibited great success in the development of clean technologies. On behalf of the Board of Directors, we are very pleased to have a world-class technology development pioneer such as Luc on the team”

– Andrée-Lise Méthot, Chair of the Board, Cycle Momentum and Founder and Managing Partner, Cycle Capital

“It is with great pride that Cycle Momentum welcomes a high calibre entrepreneur like Luc Giguère to its Board of Directors. I look forward to Luc’s involvement on the Board to help us develop our strategies and mentor our programs. Cleantech entrepreneurs will benefit greatly from his experience!”

– Patrick Gagné, President and CEO, Cycle Momentum


About Cycle Momentum

Cycle Momentum (formerly Accelerator Ecofuel) offers acceleration and open innovation programs dedicated to the cleantech ecosystem. Founded by Cycle Capital, Cycle Momentum offers entrepreneur training workshops, networking sessions and mentorship, and collaborates with established companies to stimulate technology acquisition and integration. The company facilitates networking between investors and entrepreneurs to promote the development of the most promising cleantech companies.

Cycle Momentum can count on the financial support of Energy Transition Québec, the Green Fund, Cycle Capital, Fasken, the City of Montreal and ScaleAI. Cycle Momentum also benefits from the collaboration with Écotech Quebec, Zone Agtech and Bonjour Startup Montreal. Cycle Momentum is part of the innovative Cycle Capital family.