To propel the growth and internationalization of its businesses, the Accelerator of the creation of technological companies (ACET) of Sherbrooke announced Wednesday a partnership with Espace CDPQ, an organization created by the Caisse de depot et placement du Quebec.
The ompanies CTEA will now have access to the investment and support network Space CDPQ, a network of 16 partners, including 11 venture capital firms (Anges Québec, Brightspark, Panache Ventures, White Star Capital , etc.) and five supporting organizations, including the Beauce and QG100 Entrepreneurship School.
“In total, these partners have total assets under management of $ 1.2 billion and a network of more than 1,200 companies and experts who have the opportunity to build bridges in 170 countries,” said Espace CDPQ’s CEO. Manon Hamel, who was visiting the offices of the CTEA to formalize the agreement.
Five ACET companies will benefit from the alliance. IngeniArts and Immune Biosolutions are the first to be selected.
“When you have an interesting project, you often have access to money. But we are always looking for quality money, active money, partners who can help us. That makes all the difference, “said Philippe Beauchamp, president of IngeniArts, a company that has developed batteries for electric forklift trucks.
“Also, I was not born president of a multinational company with all the challenges that entails. So having support that is focused on our specific needs for our next phases of expansion is extremely reassuring, “said Beauchamp, whose company is currently in talks with world leaders in its field.
Frédéric Leduc, President and CEO of Immune Biosolutions, adds. “In the field where we evolve, the life sciences, we need time. It sometimes takes 10, 15, 20 years to market a drug so it takes partners who understand the issues and the time. At Espace CDPQ, there are some. In the life sciences, Canadian companies often have to look to the United States for funding to meet their needs. With Espace CDPQ, we hope to find funding locally for companies to grow here, “he said.
Espace CDPQ, created in June 2016 and based in Montreal, has chosen to create three regional “Hubs”. The partnership with LE CAMP de Québec was announced on Monday and another announcement will be made this week regarding the third partner.
“By becoming the Sherbrooke Hub of Espace CDPQ, ACET will be able to offer its companies privileged access to the Quebec venture capital ecosystem. We are very happy, “said CTEA President and CEO Ghyslain Goulet, stating that since its creation in 2011, CTEA has supported 70 business projects in various technology sectors and that these projects have generated more 260 jobs.
The selected companies will take part, in particular, in an “expert-investor” clinic led by Espace CDPQ partners and a 48-hour Espace CDPQ bootcamp. They will also have mobile video conferencing equipment to foster virtual collaborations.
Let’s remember that the CTEA is part of the UdeS Innovation, Partnerships and Entrepreneurship strategy that feeds the Sherbrooke and Quebec entrepreneurial ecosystem.