Coming from the world of technology, businesswomen Christine Beaubien and Annick Charbonneau are launching the Accelia Capital fund with the financial support of the Government of Quebec, which will inject a maximum amount of $ 25 million through Investissement Quebec. .
The fund, which targets a closing size of $ 50 million, will invest primarily in start-ups that develop or integrate new technologies and that
accelerate Quebec’s digital transformation.
Diversity, an asset
One of the objectives of this fund is to finance 70% of companies owned by women or in which at least one woman holds a managerial position or is a shareholder, with a minimum participation of 15% of the company’s equity.
It is an underexploited niche, explains Ms. Beaubien in an interview on the sidelines of the announcement. We are carried by the impact that we can have, that’s clear, but also, we think squarely that there are beautiful jewels that are not revealed and that we can go and look for and that we can help develop.
Diversity is also an asset in business decision-making, according to Ms. Charbonneau.
It helps to see our blind spots. Often in business, it’s what we don’t see that hits us the hardest. The more diversity we have, the more we have the ability to see our blind spots, and therefore to be more competitive and more productive.
In service from January
Accelia Capital hopes to complete the closing of the fund
by Christmas to be able to deploy the funds in January.
There are several companies that we have met. There is a list of companies that we are looking at. In January, we will be able to be active.
The fund should invest in
20 to 25 companies.
We made the choice to invest in these companies rather than having a large number of them with small amounts and leaving them to themselves., she adds.
In addition to the government of Quebec, the Fonds de solidarité FTQ, Fondaction, the National Bank and the Caisse de dépôt et placement du Québec will be shareholders of the fund. Private sector partners include insurer Beneva, communications agency Cossette, streaming music specialist Stingray and asset manager Fiera.
The Minister of the Economy, Pierre Fitzgibbon, underlined the participation of private investments in the financing of the fund.
The distribution of the funding for this fund, I find that extraordinary, he said at a press conference. It is a step in the right direction. In the seed funds, there are countries where it is almost the government [tout seul] who do this.