QUEBEC’S LIFE SCIENCES VENTURE CAPITAL LANDSCAPE
The objective of this initiative is to provide strategic recommendations to government entities and financial stakeholders to strengthen Quebec’s venture capital (VC) financing chain and address any identified gaps. To achieve this, Montréal InVivo partnered with the Centre of Expertise of Réseau Capital, prominent organization with extensive knowledge of venture capital data across Quebec and Canada. The Centre’s direct connections with the venture capital community enable it to conduct in-depth studies on VC and private equity trends in Quebec
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QUARTERLY REPORTS
ANALYSIS OF THE EVOLUTION OF THE PRIVATE VENTURE CAPITAL INDUSTRY IN QUEBEC AND ITS FUNDING SOURCES
Following the bursting of the tech bubble in 2003 and the poor performance of public and quasi-public funds, this study examines the outcomes of a shift toward a private venture capital industry. It highlights efforts to adopt North American practices and diversify funding sources. The findings reveal notable progress in terms of growth and diversification but underscore a persistent reliance on public funding, indicating some fragility in the ecosystem.
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ANALYSIS OF THE VENTURE CAPITAL INVESTMENT ECOSYSTEM IN QUEBEC (French only)
This analysis compares the vibrancy of Quebec’s venture capital investment ecosystem with that of Ontario and British Columbia. Its goal is to identify Quebec’s strengths and weaknesses and provide recommendations that could be adopted by various stakeholders within the ecosystem.
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QUARTERLY REPORTS
The quarterly reports from the Expertise Center, published in collaboration with CVCA, provide a detailed view of venture capital (VC) and growth capital (GC) investments in Quebec. These reports review private investment activities within Quebec businesses by type of investment, industry sectors, stages, and investment sizes.
VIEW THE LATEST REPORT (Q1-2025)
MAP OF ACTIVE VENTURE CAPITAL INVESTORS IN QUEBEC
This map, created by our Expertise Center, offers a comprehensive overview of the various venture capital investors active in Quebec, categorized by investment stage.
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STARTUP FUNDING: WHAT TO EXPECT?
This article, written by Alexandre Thibault, provides insights into early-stage funding rounds and seed capital investments in Quebec. It includes data from our Expertise Center that Alexandre used to support his analysis.
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EXPERTISE CENTER SPECIAL FEATURE: DISCOVER VENTURE STUDIOS
Learn more about venture studios through this dossier, which includes 12 articles and interviews.
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