Press releases

The Billion Dollar Fund For Women™/Canada launches to tackle the gender funding gap

Six  Canadian Venture Funds have already pledged as part of the global campaign to mobilize $1B February 20th, 2019 (Toronto and Montreal) – The Billion Dollar Fund For Women launches its Canadian campaign to mobilize a consortium of Canadian venture funds to pledge to increase their investment in women-founded companies. While the gender pay gap is well documented in Canada, what is not is the gender funding gap of venture capital in companies. To address this, The Billion Dollar Fund for Women (“TBDF”) was established to tackle the gender funding gap. A founding group of Canadian venture capital funds are proud...

Ecofuel Fund successfully completes second closing expanding to $40.6M

Montreal, January 25th, 2019 – Ecofuel Fund - one of Canada’s largest seed stage cleantech venture capital funds - is pleased to announce its second closing for total investor commitments of $40.6 million. The Fund collected additional $10.6M in equity to support cleantech seed stage companies from Quebec and Eastern Canada. As part of this closing, the Fund welcomes Desjardins Capital and a number of high net worth investors and receives increased commitment from Investissement Québec, acting as mandatory of the Government of Québec. The other initial investors in the Fund are BDC Capital, the investment arm of the Business...

Fourth Edition of the Green Light Event

Fourth Edition of the Green Light Event The Ecofuel Accelerator has now accelerated 16 startups in the cleantech sector Montreal, December 9th, 2016 – The Autumn 2016 Cohort of the cleantech startup accelerator Ecofuel ended its journey in front of investors, entrepreneurs and representatives of the industry. Entrepreneurs of AEPONYX, ARDA Power, NB BioMatrix, Electrobac and Jaza Energy presented the improved version of their businesses after participating to a tailored program for them in a highly specialized and effervescent industry, and which will play a strategic role in the Canadian economy and for climate change. During their four months participation to Ecofuel, the selected...

Ecofuel Accelerator: New Recruiting Process

Deadline for the Spring 2017 Cohort is on December 31 Montreal, November 28th, 2016 – The Ecofuel Accelerator establishes a new recruiting method for the next cohorts of its acceleration program. Instead of having fixed recruiting periods for every cohort, it is now possible to apply at any time for the acceleration program, and Ecofuel will announce periodically the deadline to remember for participating in a cohort. For the Spring 2017 Cohort, scheduled to begin at the end of January, the Ecofuel Accelerator announces that it will consider all applications filed before December 31st at midnight. Early-stage cleantech companies which would like...

The Ecofuel Accelerator Announces its Autumn 2016 Cohort

The Ecofuel Accelerator Announces its Autumn 2016 Cohort Five cleantech businesses will experience a tailored acceleration Montreal, September 28 2016 – The Ecofuel Accelerator, the leader for the cleantech entrepreneurs, announces the five businesses of its Autumn 2016 Cohort. These five companies selected among 30 applicants compose the fourth cohort of the Ecofuel Accelerator. Entrepreneurs from AEPONYX, ARDA Power, BioMatrix, Electrobac and Jaza Energy will experience a mentoring program tailored to their needs in the next four months, which was already a success factor for many companies accelerated before. They will be advised and taken care of by about forty mentors who...

The Ecofuel Accelerator is now accepting applications for its Autumn 2016 Cohort

NOTE: the deadline to file an application for the next cohort was extended until July 5 2016.  Montreal, June 13, 2016 – The Ecofuel Accelerator is launching the recruitment for its Autumn 2016 cohort. Early-stage cleantech companies who would like to apply have until June 30th to submit their application for the accelerator’s fourth cohort that’s starting in September 2016. Ecofuel is taking this opportunity to use a simplified application process. “The Ecofuel Accelerator specialized and personalized program gives companies access to renowned international mentors and investors, as well as the support of a seed investment to accelerate startups’ development. This combination...

The Ecofuel Accelerator announces its Spring 2016 Cohort

The Ecofuel Accelerator, a reference for the cleantech entrepreneurs, announces the three businesses of its Spring 2016 Cohort. These three companies selected among 28 applicants compose the third cohort of the Ecofuel Accelerator. Entrepreneurs from Azastra Opto, Kelvin Storage and Lito will experience a mentoring program tailored to their needs in the next four months. They will be advised and taken care of by about forty mentors who are a reference in cleantech, business and entrepreneurship. Azastra Opto is a business founded in 2013 that focuses on the development and sales of optoelectronic components such as high efficiency optocouplers for hybrid...

Third Edition of the Green Light Event

More than 80 players in the cleantech sector present The Spring 2016 Cohort of the cleantech startup accelerator Ecofuel ended its journey in front of more than 80 investors, entrepreneurs and representatives of the industry. Entrepreneurs of Azastra Opto, Kelvin Storage and LITO presented their businesses yesterday evening after participating to a tailored program for them in a highly specialized and effervescent industry. During their four months participation to Ecofuel, the selected entrepreneurs were propelled through a personalized coaching, adapting to their specific needs. They were trained and counselled by forty renowned mentors in the cleantech sector for their knowledge and their...

Le C3E et l’Accélérateur Ecofuel investissent 425 000 $ chez LITO Green Motion inc.

Le Centre d’excellence en efficacité énergétique (C3E) et l’Accélérateur Ecofuel propulsé par Cycle Capital Management complètent un financement conjoint de 425 000 $ chez LITO Green Motion inc. (LITO) pour soutenir la commercialisation des motos électriques. La SORA de LITO est considérée comme étant la première moto électrique de type sport cruiser au niveau  mondial et est livrée à des clients à travers le monde depuis 2014. La SORA est une moto haut de gamme, sans compromis d’innovation, de qualité et de performance.  La SORA se distingue de par son style maintes fois récompensé et sa redéfinition complète de l’expérience...

2016 Québec Budget: Ecofuel welcomes the future creation of a seed-stage cleantech investment fund

The Government of Québec recognizes the need to invest in innovative cleantech startups. Ecofuel welcomes the future creation of a seed-stage cleantech investment fund, following the presentation of the Government of Québec 2016-2017 budget. The Government of Québec will indicates its intention to join private-sector investors by contributing up to $30 million to the new fund. The contributions of these private-sector partners and the government could reach up to $45 million dedicated to cleantech seed-stage startups. Ecofuel, né sous l’impulsion de Cycle Capital Management, entend collaborer avec ce nouveau fonds et jouer un rôle de premier plan pour augmenter son volet investissement,...