Selection criteria

• Team of experienced managers, open to strategic alliances
• Transfer of products and/or technologies from the research milieu
• Products and/or technologies geared towards unfulfilled markets
• Substantial competitive advantages in a booming market
• Quality of the plan and the business model
• Viability of the corporate project
• Sound intellectual property protection for the technology
• Interest shown by other financial partners in the project

Investment terms and conditions

• Unguaranteed and non-convertible loans
• Capital: $50,000 to $200,000 (a maximum of 33% of the total project cost)
• Term: 5 to 7 years
• 12-month moratorium on interest payments
•  24-month moratorium on the repayment of capital
• Disbursements tied to reaching milestones
• Penalty-free repayment before expiry date

Decision-making process

The CQVB selects the most promising projects in accordance with the following process:

1. Preliminary evaluation

• Meeting with a project manager
• Presentation of the project by the company to the in-house team

2. Detailed evaluation

• Due diligence review of the project
• Delivery of a letter of intent to the company setting out the financing terms and conditions

3. Authorization of the project

• Presentation of the project to CQVB decision-makers
• Delivery of a letter of proposal to the company

4. Closing of the financing