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.