June 17 Launch of the Cleantech Consortium to accelerate green innovation in Quebec
2 Degrés, Cycle Momentum and IVÉO join forces to boost Quebec cleantech startups
Montréal, juin, 17 2024 - 2 Degrés, Cycle Momentum and IVÉO are proud to announce the launch of a cleantech incubation and acceleration consortium. Their common goal is to stimulate the creation of innovative startups, accelerate the commercialization of their solutions and generate significant environmental and economic benefits for the whole of Quebec.
This consortium brings together the complementary expertise of three key players: 2 Degrés, a cleantech incubator; Cycle Momentum, a cleantech gas pedal; and IVÉO, a municipal innovation gas pedal. Together, they are building a collaborative and structuring startup creation model aimed at offering a continuum of entrepreneurial support in clean technologies, from ideation to commercialization. By pooling their resources, the three organizations will help strengthen and accelerate the deployment of innovative, sustainable solutions across Quebec.
The Quebec government, through the Ministère de l'Économie, de l'Innovation et de l'Énergie, has granted funding of 3,565,259 to 2 Degrés, Cycle Momentum and IVÉO to support the establishment of the Cleantech Consortium. This financial assistance is part of Quebec's Research and Innovation Investment Strategy (SQRI).2). The total investment by all partners will amount to $7,929,869, demonstrating the scale of this initiative.
Government support is in addition to financial assistance of over $22 million granted to Cycle Momentum last October by the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs, through the Plan pour une économie verte 2030, to support its mission as a gas pedal for young Quebec companies with high growth potential.
"To support our fight against climate change and Quebec's decarbonization, we need to build an even more dynamic cleantech ecosystem. This new consortium will enable us to combine our strengths to support more innovative companies, from the idea to the commercialization of their green and sustainable technological solutions.. »
Benoit Charette, Minister of the Environment, Climate Change, Wildlife and Parks and Minister responsible for the Laurentides region
"In the face of climate change, now more than ever, we need to come together to build tomorrow's economy. I am very proud to officially announce this Consortium, which will enable us to respond to the crying need to increase the number of clean technology companies! By pooling the strengths of our ecosystem, we will foster the emergence of successful companies, accelerate market access, and at the same time de-risk the development of innovations. The government's support for this ambitious, structuring and collaborative initiative fills me with hope for the future."
Alexandre Guindon, General Manager and Co-founder, 2 Degrés
"The creation of the Consortium is an extraordinary collaborative effort aimed at addressing a major issue in Quebec's cleantech ecosystem: the creation of new cleantech startups and their commercialization. We believe that this alliance will benefit entrepreneurs by providing specialized climate technology coaching, connections with potential customers and access to investment. »
Patrick Gagné, President and CEO, Cycle Momentum
« The Consortium represents a unique opportunity to align the development of innovative technologies with the challenges and needs of the municipal and industrial sectors as early as possible. This better alignment will undeniably accelerate the deployment and adoption of solutions that will enable municipalities and businesses to become more resilient and sustainable, while generating significant economic impacts for Quebec."
Benoit Balmana, General Manager, IVÉO
About 2 Degrés
2 Degrés is Quebec's first and only incubator specifically dedicated to cleantech companies. Its mission is to accelerate our ecological transition through entrepreneurship, innovation and collaboration. It is notably through its incubation and open innovation programs dedicated to startups that 2 Degrés actively contributes to the creation of sustainable wealth in response to the greatest societal challenges. Since 2021, thanks to a strong network of partners, 2 Degrés has contributed to the growth of more than 35 companies proposing innovations in the energy, water and residual materials sectors, and aims to propel more than 100 by the end of 2025.
About Cycle Momentum
Cycle Momentum is an international acceleration and innovation platform bringing together entrepreneurs, companies, investors and innovators. Our mission is to enable the identification and development of cutting-edge technologies to combat the climate crisis. As a member of the Cycle Capital platform, Cycle Momentum offers entrepreneurs acceleration programs to support their growth. We also offer investment and collaboration opportunities through our extensive network of investors and industry partners.
About IVÉO
An NPO founded in 2018 with the support of the Quebec government, IVÉO's mission is to accelerate leployment innovations in the smart and sustainable cities sector. Its network of innovative cities now includes near 80 cities and MRCs across the province. Its unbiased, innovation-brokering approach has led to the deployment of a large number of innovative projects.innovation responding à over 115 municipal issues in sectors as varied as sustainable mobility and energy efficiency, sustainable water management oroptimization of municipal operations.
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Source : 2 Degrees, Momentum Cycle and IVÉO
For further information, please contact Camille Lambert-Chan
Strategic ally
438-820-7797