Axelys and Investissement Québec will collaborate to deliver a new commercialisation fund called Eurêka.
The government of Québec committed C$100m ($78m) to a new fund that will look to support the commercialisation of and provide pre-seed financing to innovations based on public research in the Canadian province.
The money is being supplied through its investment company, Investissement Québec, which will manage the fund called Eurêka. The vehicle will have a 20-year horizon and primarily operate as a fund-of-funds, but will also seek out co-investment agreements in the form of management mandates with select partners.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
