Organization: Caisse de dépot et placement du Québec

The Short Report, April 22, 2020: Ottawa extends graduate research scholarships and post-doctoral fellowships; McGill prepares to decarbonize its investment pool; and more

Prime Minister Justin Trudeau today announced $9 billion in financial aid for post-secondary students, who will be eligible for up to $1750 a month from May through August, to compensate for the lack of summer jobs. Students can also earn money from the federal government for volunteering. Trudeau also raised the maximum weekly amount that can…

Eddyfi in Quebec expands global reach with back-to-back acquisitions

Eddyfi has acquired two overseas companies that expand the Quebec City-based tech firm’s capability and reach in the fest-growing global market for non-destructive technologies and services. More than $600 million in private equity and debt financing was raised to complete the acquisitions and pursue other strategic opportunities.

The Short Report, August 7, 2019: Intelligent communities, advanced wood, cyber security

Montreal came in first for innovation on a ranking of intelligent communities by the Intelligent Community Forum (ICF). ICF ranks communities by their ability “to generate innovation in business and government for economic but also social and cultural growth.” Their metrics cover innovation programs available in the community; online services provided by local government or…

Editorial – 30-10

Is Canada finally getting its innovation house in order? Two recent developments offer encouraging signs that federal (and provincial) policy is beginning to address past shortcomings at both ends of the innovation spectrum, acknowledging the importance of fundamental research and ensuring that rapidly expanding tech firms grow while remaining in Canada.

VC investment surging to best performance since 2001

Canada’s venture capital industry closed the third quarter with its best investment performance since 2001, driven by 11 large deals worth $50 million or more for a total of $774 and a nine-month total of $2.5 billion. Information technology accounted for $1.6 billion or 62% of the investment total in the year-to-date, followed by life…

Caisse de dépôt opens investment/development hub

Caisse de dépôt et placement du Québec is launching an investment and development hub for entrepreneurs to accelerate the growth and globalization of small Quebec-based firms. espace cdpq engages eight investors with more than $1.2 billion under management and five organizations focused on business development and growth. In addition to the funds that have joined…

XPND capital raises $75 million

XPND Capital has closed its second fund with $75 million from institutional and private investors. The XPNDCROISSANCE Fund is aimed at transforming Quebec-based companies in traditional sectors such as transportation into innovative businesses by acquiring and implementing leading-edge technologies. Investments to date include Téo, an electric taxi project and Lion Bus, a manufacturer of electric…

Caisse and Solidarity invest $78.3M in GLV acquisition

The Caisse de dépôt et placement du Québec and Solidarity Fund QFL have invested $39.8 million and $38.5 million respectively in GLV Inc to finance the Trois-Riviéres-based company’s $85-million acquisition of Austrian-based Christ Water Technology AG. The acquisition is being made through GLV’s indirect subsidiary, Eimco Water Technologies GmbH and will give GLV added design…