Information on legal and business topics from Canadian business lawyer Shane McLean

New Quebec Goverment VC Fund Started with $700M

Posted by Shane McLean on May 4, 2009

Teralys Capital Fund is a joint effort of the Caisse de Depot et Placement du Quebec, the Solidarity Fund QFL and the Quebec Provincial Government who are putting in a combined $700M.  According to the announcement Teralys will fund private venture capital funds that invest in technology companies in sectors that include life sciences, information technology and clean technology.  Once again, I’m glad to see that government is leaving the management to professionals.

It’s not clear to me at this point how soon the dollars will start flowing or how you get on their radar screen, but for readers in tech companies with  a Quebec connection this should be your call to start figuring that out.  Let me know what you find.

Credit to Jonas Brandon at the StartupNorth Blog for putting up a link to the press release over the weekend.  We at LaBarge Weinstein had heard talk about this fund for a while but I didn’t catch the formal announcement last week until I read about it at StartupNorth.  Glad someone is paying attention!


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