Economic Statement 2018: Cycle Capital welcomes the Federal Government't decision to invest in clean technology and support innovators

Catherine News

Ottawa, November 21, 2018 – Cycle Capital, Canada’s most active cleantech venture capital firm, welcomes the federal government’s decision to increase its financial support to innovative clean technology companies, under the Venture Capital Catalyst Initiative (VCCI), announced today by the finance Minister in the Fall economic statement 2018. With this $50M new investment into top-performing fund managers, the administration recognizes the importance of venture capital to help innovative companies grow and scale-up.

“This funding will stimulate new investments in innovative clean technology companies, attract new investors in the Canadian market, increase Canadian ownership in the companies and At the same time help forge a performing green economy in Canada,” said Cycle Capital’s Founder and Managing Partner Andrée-Lise Méthot.

This VCCI’s new stream will include a strong focus on gender balance and diversity, as the first stream did. While women represents only 12% of venture capital partners and 1% of managing partners, this key requirement will help attract more women in the sector.

Cycle Capital Management
Cycle Capital Management (CCM) is an impact investor and Canada’s most active cleantech venture capital firm. With offices in Montreal, Toronto and Qingdao, in continental China, and a presence in New York and Seattle, CCM has more than $350M in AUM (assets under management) and invests in companies at the development and growth stages that commercializes clean technologies striving to reduce greenhouse gas emissions, optimizing resource use and improving process efficiency throughout North America.

CCM regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. The firm has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette and Hydro-Québec. For more information on Cycle Capital Management, visit: cyclecapital.com.

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Catherine Bérubé
Head of communications and public relations
cberube@cyclecapital.com
+1 514 629-1022