Government Of Quebec

Gouvernement du Québec helps to shape the Québec of tomorrow by working on significant projects in all major sectors of Quebec society such as economy, environment, infrastructure, support for individuals and families, public safety and justice, education and culture, health, and social services. Its services offered to play a decisive role in the ability to prosper and the quality of life of the people of Quebec. This diversity is reflected in a career offer that is as enriching as it is varied. It has 60,000 employees in some 20 departments and some 60 organizations across Quebec.

Past deals in Quebec

Quebec Tech

Grant in 2024
Quebec Tech aims to increase the number of successful tech startups with substantial export potential and accelerate their growth by fostering an atmosphere conducive to synergy and better supporting high-growth tech enterprises.

Quebec Tech

Grant in 2024
Quebec Tech aims to increase the number of successful tech startups with substantial export potential and accelerate their growth by fostering an atmosphere conducive to synergy and better supporting high-growth tech enterprises.

Cycle Momentum

Grant in 2023
Cycle Momentum is a Montreal-based accelerator established in 2014 that focuses on supporting cleantech startups. It is dedicated to working with entrepreneurs who develop and commercialize innovative clean technologies, aiming to cultivate globally competitive companies. The accelerator provides a tailored program that includes training workshops, networking opportunities, and access to experienced mentors. Additionally, Cycle Momentum connects these startups with investors to enhance their growth potential. By concentrating on seed-stage, early-stage, and later-stage companies, particularly in B2B, commercial transportation, energy, and cleantech sectors, Cycle Momentum plays a crucial role in fostering the development of promising Canadian ventures in the clean technology arena.

HaiLa Technologies

Grant in 2023
HaiLa Technologies is a fabless semiconductor and software company that develops hyper power-efficient wireless system-on-chip solutions for Internet of Things deployments. Founded in 2019, the company aims to enable sustainable scaling of IoT sensor networks by dramatically reducing the power consumption of wireless radios, which extends battery life and can reduce or eliminate the need for sensor batteries. Its platform supports multiple applications across consumer electronics, building and process automation, medical technology, agriculture, and smart cities by enabling IoT devices to operate over existing wireless infrastructure. HaiLa focuses on enabling smaller batteries and longer lifespans for devices deployed at scale. The company is headquartered in Montreal, with offices in Copenhagen and San Francisco.

BrainBox AI

Venture Round in 2023
Founded in 2017, BrainBox AI develops autonomous building technology that optimizes HVAC systems using artificial intelligence. Its cloud-based solution analyzes data to predict maintenance needs and maximize energy efficiency, reducing operational costs.

Equisoft

Private Equity Round in 2023
Equisoft Inc. is a global provider of innovative digital solutions tailored for the life insurance and wealth management industries. Founded in 1994 and headquartered in Montreal, Canada, with an additional office in Sydney, Australia, the company specializes in delivering a comprehensive ecosystem of services. Its offerings include SaaS policy administration, customer relationship management, financial planning tools, and solutions for asset allocation and portfolio analysis. Equisoft also provides financial advisors with tools for wealth management proposals, as well as software for quotes, illustrations, and agency management systems. The company is recognized as a leading partner for Oracle's insurance policy administration platform, leveraging extensive expertise in data migration and integration. Through its diverse range of services, Equisoft aims to empower clients to navigate the complexities of digital transformation in the financial sector.

Kaloom

Series B in 2022
Kaloom develops fully automated, programmable software for data center networking. Its solution aims to disrupt cloud and data center network management for enterprises, cloud providers, gaming companies, data center operators, and 5G wireless providers. Founded in 2014, Kaloom is headquartered in Montreal, Canada.

University of Sherbrooke

Grant in 2022
Université de Sherbrooke is a large public French-language university in Quebec, Canada with campuses located in Sherbrooke and Longueuil.

A3 Surfaces

Debt Financing in 2022
A3 Surfaces develops antimicrobial surface technology that embeds antimicrobial agents directly into the anodized layer of aluminum products, producing surfaces that eradicate bacteria on contact and help prevent the transmission of pathogens, including hospital-acquired infections, on frequently touched commercial, industrial, and institutional surfaces. The technology enables durable antibacterial aluminum products for a range of applications. The company was founded in 2015 and is based in Chicoutimi, Quebec.

Troilus Gold

Post in 2021
Troilus Gold is a Canadian development-stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine in Quebec.

Medicago

Grant in 2020
Medicago Inc. is a biotechnology company headquartered in Quebec City, Canada, specializing in the research, development, and commercialization of vaccines. The company employs proprietary plant-based manufacturing and virus-like particle (VLP) technologies to create innovative vaccines and therapeutics for infectious diseases. Its notable product candidates include a VLP vaccine for the H5N1 pandemic influenza, which has successfully completed Phase I clinical trials, as well as an H1N1 VLP vaccine aimed at the Influenza A/California/04/09 virus and various seasonal influenza vaccines. Medicago has established collaboration agreements with organizations such as Viridis S.A. and Genopole biopark for the production of pandemic and seasonal influenza vaccines, alongside a partnership with Philip Morris International for developing a therapeutic protein with a human-compatible glycosylation pattern. Founded in 1997, Medicago is dedicated to addressing emerging public health challenges through its advanced vaccine technologies.

Geomega Resources

Post in 2020
GéoMégA, which owns 100% of both the Montviel lanthanides/niobium project and the Anik gold exploration project, is a mineral exploration and development company focused on the discovery and sustainable development of economic deposits in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its innovative engineering, stakeholder’s engagement and its dedication to local transformation benefits.

Laurent Pharmaceuticals

Debt Financing in 2019
Laurent Pharmaceuticals Inc., established in 2012 and based in Montreal, Canada, is a biopharmaceutical company focused on developing orally-active drug candidates to modulate the immuno-inflammatory response in cystic fibrosis patients. Its lead product, LAU-7b, is a novel once-a-day oral form of fenretinide currently in clinical development stages.

Element AI

Series B in 2019
Element AI is an artificial intelligence company that develops and delivers AI solutions for organizations to identify opportunities to deploy AI and machine learning. It operates an AI as a Service platform that enables businesses to launch and scale AI initiatives in partnership with large corporations. The company maintains an in-house research and development laboratory to advance AI technologies and their deployment in computing infrastructure. Element AI serves industries including insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods. Founded in 2016 and headquartered in Montreal with an additional office in Toronto, it combines software products, services, and tools that help clients operationalize AI, augment decision-making, and improve business performance. Element AI also maintains collaborations with academia and engages in policy discussions related to technology's societal impact, while acting as an integrator to help organizations adopt and implement AI solutions.

Nouveau Monde Graphite

Post in 2019
Nouveau Monde Graphite Inc. is a mineral exploration company focused on the acquisition, exploration, evaluation, and development of graphite properties in Quebec, Canada. Founded in 2011 and headquartered in Saint-Michel-des-Saints, the company owns the Matawinie property, which consists of 319 mining claims covering 17,585 hectares located north of Montreal. Nouveau Monde Graphite is dedicated to developing a natural graphite-based anode material aimed at supplying the lithium-ion battery industry, thereby targeting the growing North American market for battery-grade materials. The company emphasizes environmentally responsible practices in its operations, aligning with the increasing demand for sustainable and low-impact sources of natural graphite for battery manufacturers. Its projects include the Matawinie Mine and the Battery Material Plant, positioning Nouveau Monde Graphite as a key player in the green energy transition.

Angiochem

Debt Financing in 2019
Angiochem Inc. is a clinical-stage biotechnology company based in Montreal, Canada, specializing in the discovery and development of peptide drug conjugates aimed at treating neurological diseases. The company focuses on creating innovative therapies that can effectively cross the blood-brain barrier, addressing significant medical needs associated with central nervous system disorders. Angiochem's portfolio includes ANG1005, a taxane derivative designed to enter cancer cells via the low density lipoprotein receptor-related protein 1 (LRP-1), and ANG4043, an anticancer therapy targeting breast cancer metastases in the brain. Additionally, the company develops peptide antibody conjugates, antibody-drug conjugates for targeted tumor treatment, and neurotensin derivatives for managing post-surgical and cancer-related pain. Angiochem's proprietary EPiC platform enables the design of Engineered Peptide Compounds that leverage receptor-based mechanisms to facilitate drug delivery across the blood-brain barrier. The company was founded in 2003 and remains committed to advancing therapies for a range of CNS diseases, including primary brain cancer, lysosomal storage diseases, and others.

Nouveau Monde Graphite

Grant in 2018
Nouveau Monde Graphite Inc. is a mineral exploration company focused on the acquisition, exploration, evaluation, and development of graphite properties in Quebec, Canada. Founded in 2011 and headquartered in Saint-Michel-des-Saints, the company owns the Matawinie property, which consists of 319 mining claims covering 17,585 hectares located north of Montreal. Nouveau Monde Graphite is dedicated to developing a natural graphite-based anode material aimed at supplying the lithium-ion battery industry, thereby targeting the growing North American market for battery-grade materials. The company emphasizes environmentally responsible practices in its operations, aligning with the increasing demand for sustainable and low-impact sources of natural graphite for battery manufacturers. Its projects include the Matawinie Mine and the Battery Material Plant, positioning Nouveau Monde Graphite as a key player in the green energy transition.

Ivado Labs

Grant in 2018
IVADO Labs is an artificial intelligence start-up located in Montreal, a hub for AI innovation. The company focuses on bridging the gap between advanced AI research and industry applications, aiming to tackle complex operational challenges faced by various sectors. It provides services such as applied research capabilities, custom algorithm development, and cross-functional expertise. By collaborating with organizations, IVADO Labs helps improve efficiency, reduce costs, and facilitate data-driven decision-making, particularly for logistics providers, manufacturers, and other enterprises. Through its efforts, IVADO Labs aims to enhance the adoption of AI technologies in practical, impactful ways.

Monarques Gold

Post in 2018
Monarques Gold Corporation (TSX-V: MQR) is an emerging gold producer whose goal is to continue to grow through its strong position in the North American quality project portfolio located in the Abitibi mining camp in Quebec, Canada. The Company currently holds more than 240 km² of gold properties including the Beaufor Mine, the Croinor Gold and Wasamac Advanced Projects, the Camflo and Beacon Mills, and six promising exploration projects. It also offers contract machining services from its Camflo plant with a capacity of 1,200 tonnes per day.
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