Sherbrooke and Eastern
Venture Capital and Public Funds
Teralys Capital Fund
The creation of the Teralys Capital Fund is an initiative of the Caisse de dĂ©pĂ´t et placement du QuĂ©bec and the Solidarity Fund QFL, which are each contributing $250 million. The QuĂ©bec government is contributing $200 million through Investissement QuĂ©bec. The fund will also solicit other institutional and private investors to raise an additional $125 million, for a total objective of $825 million.
With the best business practices, the new fund should appeal to private Canadian investors and also attract foreign investors to QuĂ©bec, encouraging the formation of international partnerships. The partners have selected Jacques Bernier, a recognized QuĂ©bec venture capital manager, to oversee the fund. Until only recently he was Strategic Adviser to the Solidarity Fund QFL, which he joined in 2004 as Senior Vice-President, ICT. Mr. Bernier has in-depth knowledge of the venture capital sector and played a key role in the development and implementation of a new approach to venture capital in QuĂ©bec. As an entrepreneur and an institutional investor specializing in technology innovation in QuĂ©bec, Mr. Bernier has been directly involved in the startup of a dozen technology companies.
Teralys Capital Fund composition
Technology Company Seed Funds
In the 2009-2010 budget, the QuĂ©bec government announced the creation of technology company seed funds which will be awarded through a call for proposals process. These investment funds will be launched by the QuĂ©bec government, through its mandatary Investissement QuĂ©bec, in cooperation with the Fonds de solidaritĂ© FTQ and FIER Partners, L.P.
Strategic Support for Investment Program (PASI)
A very flexible program that can be tailored to your needs:
Source : Caisse de dĂ©pĂ´t et placement du QuĂ©bec, Investissement QuĂ©bec.