Next Project Submission Deadline:
October 01, 2018












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 October 01, 2018.



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


Project submissions.

Next project submission deadline:
October 01, 2018

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.

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



AlayaCare Raises $13.8 Million in Series B Funding Led by inovia capital

Toronto, August 7, 2018 – AlayaCare, the leading cloud-based software for home and community care providers, announced today a Series B investment of $13.8 million led by inovia capital. Chrysalis is joining the round, and existing investors, including Fonds Innovexport, are participating in the financing. The financing will be used to fund AlayaCare’s continued expansion with a focus on the US market, and further investment in its proprietary technology platform. inovia capital Principal Magaly Charbonneau will join AlayaCare’s board of directors. “We’re passionate about helping our clients deliver better patient outcomes and this funding means we can accelerate through our roadmap and evolve our product more rapidly,” said Adrian Schauer, CEO, AlayaCare. “Continuing to invest in AI, machine learning capabilities and optimization science is a priority as our increasingly robust platform means clients can lower their operating costs while improving their ability to provide care, detect adverse effects and help reduce hospital readmissions.” “We share Adrian and AlayaCare’s vision to fundamentally improve the way home and community care services are provided by better leveraging technology,” said Charbonneau. “AlayaCare gives its clients the ability to make more informed, data-driven decisions, and its understanding of the marketplace, paired with deep client relationships, will drive continued growth and success.” “We partner with leading entrepreneurs to build great businesses and believe Adrian and his team have the talent and sector knowledge to be a major player in homecare in the US as well as expand its client base internationally,” said Wright Steenrod, Partner, Chrysalis. “We recognized early on that AlayaCare had all the right ingredients to become a leader in the home and community care sector,” said Serge Lavergne, Vice-President at Fonds Innovexport. “The team has exceeded all of our expectations and thus we are delighted to be further extending our support to this outstanding company.”AlayaCare helps its clients capitalize on the shift to home-based care for the growing population of older adults in several markets globally. Home health organizations look to AlayaCare to help create capacity within their organization, and its platform provides key business insights that clients can use to increase efficiencies and better deploy resources. The software suite includes scheduling, time reporting, clinical documentation, remote patient monitoring and mobile, billing, and web apps specifically for patients, family members, and care workers.Since its launch, AlayaCare has experienced double-digit monthly growth, expanded its operations in the US, Canada, and Australia and now employs over a 100+ staff. About AlayaCareAlayaCare’s unique platform includes Back Office, Client and Family Portals, Remote Patient Monitoring, Telehealth, and Mobile Care Worker functionality in one integrated and highly robust and secure cloud-based system. AlayaCare is providing the platform for Home Health Care organizations to propel their agencies towards innovation and home care of the future. AlayaCare was founded in 2014. www.alayacare.comAbout inovia capitalinovia is a full-stack venture capital firm that partners with audacious founders to build enduring technology companies. We seek to transform venture capital by perfecting the craft of investing in people first. We roll up our sleeves to serve founders with dedicated mentorship, a global talent network and structured strategies for hyper-growth. Together, we rewrite the rules of old industries, push technology frontiers and pursue bold visions for a better future. inovia manages $500M across three funds, and holds offices in Montreal, Toronto, San Francisco, and London. For more information, visit Media Contact Information:For AlayaCare - Amy Cole,, 647-287-0025For inovia capital - Melissa Mecca,, 650-644-8168 For Client Enquiries: AlayaCare Brady Murphy, VP- Sales & Marketing, 647-477-4174 ext. 201Topics: Australia, AlayaCare News, Canada, United States Reference:   



C2RO Raises $1.1 M Seed Financing to Commercialize Cloud-Based Robotics A.I. SaaS Platform

Montréal (Québec), May 02, 2018  - Montreal-based C2RO Cloud Robotics Inc. today announced that it has concluded a US$1.1 Million seed financing led by Chicago-based Harbor Street Ventures, with the participation of Fonds InnovExport, TandemLaunch Ventures and several angel investors in Canada, the U.S. and Europe. The funds will be used to accelerate the commercialization of C2RO’s powerful enterprise cloud robotics SaaS solutions. “We recognized early on that C2RO had all the right ingredients to become a disruptor in the Cloud Robotics and A.I. space,” said Steve Komie, Managing Director at Harbor Street Ventures. “With strong proprietary technology and deep technical expertise, C2RO has the potential to revolutionize how robots transform businesses in key sectors of the new A.I. driven economy.”  C2RO’s cloud-based real-time data processing engine significantly augments robots’ cognitive capabilities with a wide range of state-of-the-art A.I. services, while allowing instant knowledge sharing and collaboration among connected robots and sensors.“We welcome the support of our new and existing shareholders, which will allow us to accelerate our go-to-market plans and help us realize the founding vision of C2RO,” added Riccardo Badalone, President & CEO of C2RO Cloud Robotics. “I’m am incredibly excited about our Engage and Mobility products, which have been identified as the key to unlocking the value of robots in the fastest growing segments of the enterprise market.”   Targeting the fast growing service robotics market estimated to be valued at $ 7 billion by 2022, C2RO’s first product offerings, Mobility and Engage, will allow businesses to use robots and connected peripherals to create new and exciting dimensions of communication and interaction with their customers and employees. This is particularly powerful in the retail, hospitality and customer service industries which are currently undergoing a rapid transformation powered by robots and A.I.“Advancements in telecommunication, cloud-based computing and artificial intelligence have paved the way for cloud robotics,” said Helge Seetzen, General Partner & CEO of TandemLaunch Ventures. “With the service industry quickly recognizing the potential of robots and artificial intelligence to improve their customer experience and drive efficiencies, we are excited about the commercial potential of C2RO’s technology.”C2RO’s SaaS platform allows enterprises to quickly deploy and manage their robot platforms in a seamless and intuitive manner, while allowing for sophisticated real-time data analysis and business intelligence formulation. “We are proud to be supporting such a great Quebec-based artificial intelligence start-up,” said Richard Bordeleau, President at Fonds Innovexport. “As first movers in a fast-growing market, we believe C2RO will have a tremendous impact on the industry and we want to support them through this journey.”About C2RO Cloud Robotics Inc.C2RO Cloud Robotics is a Montreal-based high-tech software firm that has introduced the world’s 1st Cloud Robotics SaaS Platform (B2B) that uses cloud-based AI services to augment cognitive and collaborative capabilities of service robots with a simple internet connection. The Mobility and Engage product offerings allow customer service robot platforms to be used for advanced human interaction and behavioral analysis, which can be leveraged by businesses to increase their efficiency or reshape and enhance their customers' on-site experiences. www.c2ro.comAbout Harbour Street VenturesHarbor Street Ventures is a Chicago-based venture investment firm. Harbor Street Ventures was founded by Steve Komie and David Shulman, both with deep technology backgrounds in algorithmic trading and artificial intelligence. www.harborstreetventures.comAbout TandemLaunch VenturesTandemLaunch Ventures is a seed investor and incubator focused on creating early-stage technology start-ups in collaboration with global universities and world-class entrepreneurs.www.tandemlaunch.comAbout Fonds InnovexportFonds Innovexport is an early-stage venture capital firm that supports the development of Quebec-based innovators seeking growth in international markets. Based in Quebec City, Innovexport is partnering with twenty-five experienced entrepreneurs, as well as the Government of Quebec represented by Investissement Québec, the 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 companies with the potential of becoming global    Contact Information:Alex Gaughan, Marketing LeadC2RO Cloud Robotics Inc.

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