Next Project Submission Deadline:
April 12, 2019

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Supporting an InnovativeQuebec

About the Fund

Our mission: Support seeding and start-ups of innovative businesses for international markets to shape the future of Quebec.

The automated project submission process allows Fonds Innovexport to quickly meet the financing needs of entrepreneurs, allowing them to focus on expanding their business.

Fonds Innovexport comprises twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, fonds espace cdpq de la Caisse de dépôt et placement du Québec, Desjardins - Innovatech, the Fonds de solidarité FTQ, and Fondaction CSN. They all work together to support the establishment of innovative businesses with the potential of becoming global leaders. Fonds Innovexport also receives financial support from the Economic Development Strategy of the City of Quebec.

Requested Projects

Requested Projects

We believe in entrepreneurs who distinguish themselves through their personal and professional achievements and who surround themselves well to attain their objectives.

You must be supported by a start-up incubator, a business accelerator or a committee comprised of experienced people.

We support projects that provide innovative products or services that solve real problems here and elsewhere. Your aim should be meeting market needs and doing so more effectively than others.

Our investments are based on structured and realistic business plans with clear development milestones and well-defined human, material and financial resources that ensure execution.

We focus on exportable projects that showcase Quebec's know-how and creativity abroad.

We seek simple corporate structures conducive to investment with realistic medium-term profitability objectives.
Fonds Innovexport invests through convertible debt or equity. Investment amounts vary from $50,000 to $1 million for each round of funding, up to a maximum of $3 million per business. Amounts are determined according to required resources to attain each significant development milestone. Fonds Innovexport generally invests in successive installments based on these development milestones.

Ineligible Business Sectors or Companies:

  • Farming and forestry operations
  • Mining operations and exploration
  • Biotechnology (development of pharmaceutical and therapeutic products)
  • Financing for construction projects and purchase or management of real estate
  • Brick and mortar retail sales such as shops
  • Businesses involving sexual, religious, political and similar activities
  • Companies with legal, environmental, ethical or governance issues
  • Any project of a company that already has the required financial resources

Your project meets the qualification requirements?
The next deadline for submitting your project is April 12, 2019.

Investment
Process

Investment
Process

Fonds Innovexport has adopted a strict and structured investment process enabling effective and timely cooperation with entrepreneurs.

Quarter

Project submissions.

Next project submission deadline:
April 12, 2019

Validation of eligibility and issuance of a letter of interest by the Fund team usually within one week following the submission deadline.

Request for additional information for a first interview.

First interview with entrepreneurs on a fixed date, usually one or two weeks pursuant to submission deadline. In collaboration with Le Camp à Québec, a one-day event filled with workshops and conferences is organized on this day.

Issuance of a letter of intent, usually within two or three weeks, and deeper assessment of the project upon receipt of the letter of intent by the entrepreneur.

This initial offer is subject to approval by the Investment Committee and the Board of Directors.

After the Fund team has completed evaluating the project, the entrepreneur is invited to present the project to the Investment Committee, usually comprised of members of the G25.

Based on the recommendations of the Investment Committee and subject to the approval of the Board of Directors, issuance of a formal letter of final offer and closing of the investment, as the case may be, in the following weeks.

Our sponsors
and partners

Sponsors and partners share a common goal, supporting the expansion of innovative Quebec businesses whose goals are attaining international markets to contribute to the prosperity of Quebec’s future.

Sponsors
Gouvernement du Québec Investissement Québec Caisse de dépôt et de placement du Québec Desjardins Fonds de solidarité FTQ Fondaction CSN G25
Partners
Ville de Québec Le Camp

News

20.03.19

AEPONYX closes CAD 7.9 million financing round

Montreal, Canada – March 14th, 2019– AEPONYX, the world’s emerging leader in micro optical switches, today announced the closing of its Series A financing of CAD 7.9 million. Led by Pangaea Ventures, the world leader in advanced materials venture capital, the CAD 7.9 million financing includes current investors Fonds InnovExport and Ecofuel Fund, as well as private investors. This funding enables AEPONYX to ramp up commercial production of its revolutionary planar micro optical switch chips based on a unique proprietary platform combining silicon photonics with Micro-Electro-Mechanical-Systems (MEMS).The funding, aggregated to previous investments, in-kind contributions of California-based incubator Silicon Catalyst and to non-dilutive government financing, now reaches CAD 18 million.“With the support of round leader Pangaea and previous investors, we can now accelerate the commercialization of technology driving energy efficient innovation and positive environmental impact”, says Philippe Babin, CEO of AEPONYX. “This funding, combined with the deep expertise of our partners, pave the way for us to redefine switching technology for next-generation fibre optic telecommunications access networks, datacenters, and 5G mobile networks which, combined, represent a multibillion-dollar opportunity.”“The world’s large-scale telecommunications networks need to substantially increase their capacity, while at the same time, reducing energy consumption and cost”, said Purnesh Seegopaul, General Partner of Pangaea Ventures. “We expect that AEPONYX’s MEMS and silicon photonics-based micro optical switches to revolutionize fiber optic communications and to accelerate the transition to the new, faster and more efficient global NG-PON2 standard.” About AEPONYX Inc.AEPONYX is a micro optical switch leader designing and marketing chips for fiber optic access to the cloud. With its patented technologies, combining planar Micro-Electro-Mechanical-Systems (MEMS) and Silicon Photonics, AEPONYX builds the fastest, most affordable and smallest micro optical switches for tunable transceivers and optical circuit switches. AEPONYX is an alumnus of Silicon Catalyst, the world’s first incubator focused exclusively on semiconductors based in California. For more information, visit: www.aeponyx.com.About Pangaea Ventures, Ltd.Pangaea Ventures is the world leader in advanced materials venture capital. Established in 2001, Pangaea has an outstanding portfolio addressing multi-billion-dollar markets in energy, electronics, health, and sustainability. Pangaea’s funds include twenty-four world-leading multinationals as strategic limited partners, including Asahi Glass, Asahi Kasei, BASF, Bekaert, Castrol/BP, CoorsTek, Doosan, Evonik, Henkel, JSR Corporation, Lam Research, Mitsubishi Chemical, Murata, Nitto Denko, PTT Global Chemical, SABIC, Samsung, Sekisui Chemical, Severstal, Solvay, TOSOH, Toyota Tsusho, and Umicore. For more information visit www.pangaeaventures.com. Media Contact:Philippe Babin, CEO, AEPONYXPhilippe.Babin@aeponyx.comP: +1 (514) 360-7746

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19.12.18

LynX Inspection ready to hit the Industry 4.0 market

QUÉBEC CITY, DECEMBER 19, 2018 –LynX Inspection, a company that offers innovative inspection solutions for the industrial sector, is proud to have successfully completed its first round of financing. Over $1 million was raised thanks to the support of Anges Québec’s members, its sidecar investment fund Anges Québec Capital, Fonds Innovexport and ACET Capital. “This first round of financing is an important step in the company’s development, letting us move from R&D to the market,” said Luc Perron, President and CEO of LynX Inspection. “This capital is the stepping stone we need to prove ourselves by meeting the expectations of our first clients. We’ll also get our name out there on the international stage.” By combining three-dimensional analysis and X-ray imaging, LynX Inspection can analyze the internal and external structure of precision parts and detect defects much more quickly and at a significantly lower cost than tomography. The main applications are for moulded and engineered parts and components produced through additive manufacturing.A fast and cost-effective technology·         Target markets: automotive, aerospace, defence·         Size of pieces: 2 to 40 cm·         Cost of inspection: 5 to 10 times less expensive than traditional radiographic solutions·         Scanning, detection and imaging in under 5 minutes·         Results of 3D inspection 10 to 20 times faster than tomography ·         Automation allows for a less specialized workforce“LynX has a technology that integrates seamlessly with Industry 4.0, allowing the company to jump straight to international markets. We’ve watched this young company evolve within the INO centre of expertise in Québec City and as part of the oN DuTy! university research initiative. We’re extremely confident in its potential,” said Philippe Ducharme, angel investor with Anges Québec.   “We believe that LynX’s patent-pending technology will be able to meet the needs of industrial clients for integral, non-destructive and systematic quality control in a variety of manufacturing sectors,” emphasized Richard Bordeleau, President of Fonds Innovexport.A promising futureRecently, LynX has already hired three new employees to help bring its innovations to market. Representatives from the company will be travelling overseas next spring to give presentations and demonstrate the technology’s full potential. According to Luc Perron, President and CEO of LynX Inspection, “We’ve made a great deal of progress over the past two years to transform a simple concept into a viable inspection solution for manufacturers and companies specializing in non-destructive testing, or NDT. Our predictive 3D radiography technology fills numerous gaps in current solutions for the automotive, aerospace and defence sectors. We’ve already generated keen interest from key players in the industry.” “ACET Capital believes that LynX Inspection is offering a powerful and innovative technological solution adapted to Industry 4.0,” said Roger Noël, President of ACET Capital, the investment fund for ACET, a Sherbrooke-based accelerator for tech companies. “We’re very proud to lend our support as investors and advisors to this Québec tech firm so they can continue to innovate and build their reputation on the international market.” About LynX InspectionLynX Inspection is a young high-tech company based in Québec City that develops innovative inspection solutions for the industrial sector based primarily on three-dimensional analysis and X-ray imaging.About Anges Québec and Anges Québec Capital Anges Québec is a network of over 230 angel investors whose mission it is to invest financially and personally in innovative Québec companies. Anges Québec members have already invested no less than $75 million in the Québec economy through over 200 investments in more than 100 groundbreaking companies. In 2012, Anges Québec launched Anges Québec Capital, a sidecar investment fund of over $86 million to coinvest along with the network’s members. Anges Québec Capital is supported by the Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec and the members of Anges Québec.About Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Québec-based innovators seeking growth in international markets. Based in Québec City, Innovexport has partnerships with twenty-five experienced entrepreneurs, as well as the Gouvernement du Québec, represented by Investissement Québec, Fonds Espace CDPQ de la Caisse de dépôt et placement du Québec, Desjardins – Innovatech, Fonds de solidarité FTQ, and Fondaction CSN. Innovexport also receives financial support from Québec City’s economic development strategy. All of these parties work together to support the growth of innovative companies with the potential of becoming global leaders.About ACET CapitalACET Capital is a venture capital investment fund providing private capital to selected companies that are ready to go to market or have just begun the process. These companies receive support during their first round of financing to help maximize their chances of success.For further information:Chu Anh PhamSenior AdvisorTact Intelligence-conseilOffice: 514 667-0196 x414    Mobile: 514-213-6163capham@tactconseil.caSource: LynX InspectionAnges Québec   

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