Montreal, January 28, 2021 – The Ecofuel Accelerator, a specialized and personalized accelerator in the cleantech sector, announces the creation of the Partner Funds’ Circle. The initiative, which aims to increase investors participation in the acceleration program, attract even more investments in the accelerated companies and stimulate entrepreneurship within the cleantech sector, regroups Cycle Capital and its impact watertech fund BleuImpact Fund, Export Development Canada, Anges Québec and Second Muse Capital Montreal.

As members of the Circle, the investors will participate to the selection process and have access to curated strategic market intelligence on specific cleantech subsectors, exclusive conferences, and private meetings with the Ecofuel Accelerator alumnis.

In return, members will provide mentorship and review investment opportunities presented by the accelerated companies in the purpose of investment.

More partner funds will be added in the coming months.

Quotes

– “The Ecofuel Accelerator is committed to further grow the cleantech ecosystem. The Partner Funds’ Circle, for which additional partners have already expressed their interest, aims to mobilize the financial ecosystem around the most talented cleantech entrepreneurs to support their growth strategy” – Patrick Gagné, President and CEO, Ecofuel Accelerator

– “As Founders of the Ecofuel Accelerator, we’re proud to see some of our Limited Partners join the Partner Funds’ Circle. At Cycle, we are convinced that a very closed-knit investors ecosystem is key to drive growth in the sector and this announcement embodies the Board’s strategic decision to provide acceleration programs that will benefit to the whole ecosystem” – Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital, Chairwoman of the Ecofuel Accelerator

– “This strategic alliance provides entrepreneurs with the tools and capital required to enable the commercial deployment of their environmental solutions at scale” – Simon Olivier, Senior Partner at Cycle Capital and Lead of the BleuImpact Fund powered by Cycle Capital.

– “Cleantech is a strategic priority for EDC and we are proud to be joining Ecofuel Accelerator’s group of partners in helping to accelerate the growth of Canadian cleantech companies. In 2020 alone, EDC supported close to 285 Canadian Cleantech companies with financial solutions and is committed to continue to work with the cleantech ecosystem to create more of Canada’s future trade opportunities.” – Sophie Dumoulin, Director Cleantech, EDC.

– “Anges Québec is proud to formalize its collaboration with Ecofuel, since the appetite of our angel investors for the clean technology sector has been growing strongly for several years. Not only is their interest in this sector strong, many have expertise to share with entrepreneurs. ” – Geneviève Tanguay, CEO of Anges Québec.

– “I’m happy to actively support the Ecofuel Accelerator – a key actor in Quebec for the development of Green Tech startups. We collectively need serious efforts towards a decarbonized economy, and entrepreneurial innovation is a great path towards that goal. I hope that SecondMuse Capital’s CLIO Fund and its environmental and social impact ambitions will multiply the positive outcomes for Montreal and the world. The future economy, benefiting people and protecting the planet, starts now.” – Sylvain Carle, Senior Director, SecondMuse Capital Montreal.

About the Ecofuel Accelerator

The Ecofuel Accelerator is a specialized and personalized accelerator dedicated to the cleantech startups. Founded by Cycle Capital, the accelerator works with entrepreneurs who develop and commercialize clean technologies to help build globally competitive companies. The Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, experienced mentors and gives access to the investors to some of the most promising Canadian cleantech ventures.

In addition to the funding provided by the Quebec Government, the Ecofuel Accelerator benefits from the collaboration of Cycle Capital, Ecotech Québec, Fasken, and the City of Montréal. For more info: www.ecofuelaccelerate.com

Information

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

MRC de L’Assomption, January 22, 2021 – In partnership with Bioenterprise Corporation, the Ecofuel Accelerator and Zone Agtech are officially launching the Ecofuel Agtech Acceleration Program – Powered by Zone Agtech, the first acceleration program 100% dedicated to the commercialization of Quebec’s agricultural innovations. This initiative will provide concrete solutions to agricultural producers to help them adapt to climate change while supporting Quebec’s food self-sufficiency. This dynamic collaboration brings us one step closer to greener, more efficient, and more profitable agriculture. 

As part of the Ecofuel Agtech Acceleration Program – Powered by Zone Agtech, five companies, offering innovative pre-seed and seed agricultural technologies, will benefit from various forms of support as well as proximity to the agricultural environment in which they commercialize their technology. This intensive and immersive program will help ensure the successful commercialization of agtech companies by focusing on the quality of the innovations, operational deployment with agricultural user-partners, and financing the commercialization of these technologies.

The call for applications for the Ecofuel Agtech Acceleration Program – Powered by Zone Agtech officially goes out today, and a first cohort will get under way in early March. Powered by Zone Agtech, this program is offered to innovative agricultural companies whose solutions reduce GHGs, increase food autonomy or promote adaptation to climate change. Companies must also be located in the Agtech Zone or commit to locate there at the end of the program. For more details: ecofuelaccelerate.com/agtech-program/

This initiative is part of a broader three-year partnership between Zone Agtech, Bioenterprise Corporation—the Canadian food and agtech engine — and the Ecofuel Accelerator. Relying on an investment of $570,000, this alliance will propel the development of innovative agricultural technologies in Quebec and further Zone Agtech’s broader mission.

“Initiatives like these help us build the agriculture of tomorrow, while generating significant economic benefits,” says Sébastien Nadeau, Mayor of L’Assomption and standard-bearer for Zone Agtech within the Council of Mayors of the MRC de L’Assomption. The agtech sector is a promising field for Quebec. With Zone Agtech and its ecosystem, we have the potential to become a world authority in the field. By supporting it, we are actively contributing to its appeal and influence.”

“In addition to accelerating the development of innovative agricultural technologies that have a positive impact on the environment, the involvement of the Ecofuel Accelerator will help enhance the quality of projects and increase their chances of success when the time comes to move from idea to market,” emphasizes Patrick Gagné, President and CEO of the Ecofuel Accelerator. In this way, Quebec agriculture will be able—sooner rather than later—to make an ecological transition that is innovative and in line with the global reality.”

“Our new partnership with Zone Agtech and the Ecofuel Accelerator represents a considerable expansion of Canada’s foodtech and agtech network. It also allows us to make our expertise and resources 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 Québec to the rest of Canada and to establish new 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 MRC de L’Assomption 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 a year, it has brought together more than 175 Quebec companies and organizations within the agtech community, more than 1,600 scientists representing 24 complementary areas of expertise, ten financial partners, and three accelerator partners.

For more info: www.zoneagtech.ca 

About the Ecofuel Accelerator 

The Ecofuel Accelerator is a specialized and personalized accelerator dedicated to the cleantech startups.Founded by Cycle Capital, the accelerator works with entrepreneurs who develop and commercialize clean technologies  to help build globally competitive companies. The Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, experienced mentors and gives access to the investors to some of the most promising Canadian cleantech ventures. 

In addition to the funding provided by the Quebec Government, the Ecofuel Accelerator benefits from the collaboration of Cycle Capital, Écotech Québec, Fasken, and the City of Montréal.

For more info: www.ecofuelaccelerate.com

About Bioenterprise Corporation

Bioenterprise is Canada’s Foodtech & Agtech 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 partnerships with other industries we open doors to new technologies and platforms to help food and agri-tech businesses innovate and grow. 

For more info: www.bioenterprise.ca

Contact

Zone Agtech

Kassandra Martel

kmartel@zoneagtech.ca

514 816-2692

Ecofuel Accelerator

Catherine Bérubé

cberube@ecofuelaccelerate.com

514 629-1022

Montreal, October 26th, 2020 – The Ecofuel Accelerator, a specialized and personalized accelerator in the cleantech sector, announces the five companies of the Fall 2020 Cohort. Selected amongst thirty applicants, they’re the participants of the twelfth cohort of the Ecofuel Accelerator.

Over the next three months, the entrepreneurs and executive teams from Circulus Agtech, CSAR, FTEX, Geosapiens and Repowered Batteries 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.

• Circulus Agtech: valorizes manure from fish and chicken farmers, using a unique bioreactor technology and worms to produce liquid organic fertilizer suitable for hydroponics – circulusagtech.com
• CSAR Energy: develops and commercializes electric reactors producing clean fuels and renewable chemicals. – csarenergy.com
• FTEX: designs and builds power management systems that increase the range of small electrical vehicles by up to 30%. – tristarmulticopters.com
• Geosapiens: offers a web platform to help municipalities and insurance companies to better assess and manage flood risks. – geosapiens.ca
• Repowered Batteries: takes batteries that have reached their end of life in commercial vehicle applications and put them back to work storing energy. They are working at bringing a new capacity-based rental model to the battery world. – repoweredbatteries.ca

On top of the companies taking part in our twelfth cohort, a second initiation cohort takes place this Fall:

• Bello Solutions: develops the first water dispenser that helps you create your own pure and personalized water. – bello-solutions.com
• Moduly: helps families to become independent of their electricity grid by giving them control of their energy ecosystem by promoting the environmental impact, by the self-consumption of renewable and sustainable energy. – moduly.io

 

About the Ecofuel Accelerator
The Ecofuel Accelerator is a specialized and personalized accelerator dedicated to the cleantech startups. Founded by Cycle Capital, the accelerator works with entrepreneurs that develop and commercialize clean technologies to help build globally competitive companies. The Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, experienced mentors and gives access to the investors to some of the most promising Canadian cleantech ventures.
In addition to the funding provided by the Quebec Government, the Ecofuel Accelerator benefits from the collaboration of Transition énergétique Québec, the Green Fund, Écotech Québec, Fasken and the City of Montreal.

 

Information:
Morgan Guitton
Director of operations
guitton@ecofuelaccelerate.com
+1 514 409-2173
Web site: ecofuelaccelerate.com
witter: @ecofuelstartups
inkedIn: Ecofuel

 

The Ecofuel Accelerator’s Board of Directors announces that Patrick Gagné has been appointed as the new President and CEO of the Ecofuel Accelerator. Patrick will be responsible for strategic and operational management of Ecofuel Accelerator’s staff and acceleration programs, including the outreach in the local and international ecosystems.

“We are thrilled to have Patrick join the Ecofuel Accelerator’s team as we expand the acceleration programs and increase collaborations with partner venture funds and industrial partners. As a serial entrepreneur that has helped build multiple ventures, including in cleantech, Patrick has a deep understanding of the main challenges faced by cleantech entrepreneurs. He also has a proven track record in entrepreneurial ecosystems development and collaboration with industrial partners – a unique set of expertise to pursue the growth and expand the Ecofuel Accelerator’s outreach,” says Ecofuel Accelerator’s Chair and Founder Andrée-Lise Méthot, also Founder and Managing Partner of Cycle Capital.

“I am very happy to join the large family of Cycle Capital, a pillar in the cleantech sector. This decision is a logical continuation of my experiences as an entrepreneur in urban mobility, notably with Téo Taxi, and my involvement in the development of Montreal’s startup ecosystem. The growth of our economy will greatly depend on the development of startups and SMEs in the green economy sector and I am pleased to be able to contribute to this. The goal will be to make Ecofuel Accelerator the best startup accelerator in the world, in this sector, over the next few years,” says Patrick Gagné.

From developing startups (TAG Taxi) to growing national entities (TC), Patrick has been an asset to many organizations with his skills in business development and marketing strategy. He developed a passion for urban mobility since his involvement in the development of P$ Mobile Service, the mobile application developed for Stationnement de Montréal. He cofounded Téo Taxi in 2014 and became General Manager of the startup in 2017. Over the last two years, Patrick contributed to the development of the startup ecosystem in his role as CEO of OSMO (Notman House) and as Co-Founder and Co-CEO of Bonjour Startup Montréal.

He recently stepped down as CEO of OSMO and Co-CEO of Bonjour Startup Montréal to become, as of October, the first Entrepreneur-in-Residence of the organization he cofounded with Foundation MTL Inc.

Patrick was awarded multiple industry recognitions: Startup Canada’ Entrepreneurship Support Award, Prix de l’entreprise citoyenne Novae, Prix Créateur d’emplois du Québec, Prix du Choix du Consommateur, C2-MTL’s Emerging Entrepreneur Award, Mobiz, Boomerang, Les Grands Prix du Design.

Since Ecofuel Accelerator was launched in 2015, it has helped more than 50 startups in various cleantech subsectors such has energy, agtech, green chemistry and mobility. In the past few months, Ecofuel Accelerator has announced its collaboration with the Zone Agtech and, in cooperation with the City of Montreal, launched “Initiation” cohorts dedicated to seed stage companies. The Ecofuel Accelerator alumni have created 400 jobs and raised more than $150M in funding.

About the Ecofuel Accelerator
The Ecofuel Accelerator is a specialized and personalized accelerator dedicated to the cleantech startups. Founded by Cycle Capital, the accelerator works with entrepreneurs that develop and commercialize clean technologies to help build globally competitive companies. The Ecofuel Accelerator offers entrepreneurs a specialized and personalized program of training workshops, networking sessions, experienced mentors and gives access to the investors to some of the most promising Canadian cleantech ventures.
In addition to the funding provided by the Quebec Government, the Ecofuel Accelerator benefits from the collaboration of Transition énergétique Québec, the Green Fund, Écotech Québec, Fasken and the City of Montreal.

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, July 7 2020 – The Ecofuel Accelerator launches the recruitment for its Fall 2020 cohort. Seed and Early stage cleantech companies have until August 28th, 2020 to submit their application for the Accelerator’s 12th cohort that will start early October 2020.

The 4-months 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.

Tu apply, please submit your application at ecofuelaccelerate.com/accelerateur/candidature/ or contact Morgan Guitton, Director of operations: mguitton@ecofuelaccelerate.com

Information:
Catherine Bérubé
Vice President, Sustainable Development, Government Relations and Public Affairs
cberube@ecofuelaccelerate.com
+1 514 629-1022
Site web : ecofuelaccelerate.com
Twitter : @ecofuelstartups
LinkedIn : Ecofuel

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