Quebec Cleantech Investment Challenge

The Quebec Cleantech Investment Challenge, powered by HSBC, came to an exciting conclusion on June 15 at the Pitch Night Finale, with Circulus AgTech Solution Inc. winning the grand prize of $100,000 to further develop their solution.

The Challenge, delivered by SI CanadaForesight CanadaCycle Momentum, and Spring Activator, kicked off in fall 2022, with a goal to increase the flow of capital investment into Quebec-based cleantech ventures, while simultaneously preparing up-and-coming investors to invest in these innovative climate solutions. 

Supporting a total of 15 cleantech ventures from initial funding needs through to investor readiness, and developing over 20 early-stage climate solution investors from Quebec and across Canada, the Challenge succeeded in addressing cleantech’s access to capital problem while shining a light on some very promising climate innovations. The Top Five finalists of the Challenge included:  


At the Pitch Night Finale — hosted by Borden Ladner Gervais — Circulus Agtech Solution Inc. ended up claiming the top prize with their sustainable fertilizer solution that helps farmers optimize crop yields while reducing costs and environmental impact, helping to address the rising challenge of inefficient and unsustainable farming practices. Read more about the Challenge process below.

Driven by Collaboration

The Quebec Cleantech Investment Challenge is powered by HSBC, and delivered by SI Canada, Foresight Canada, Cycle Momentum, and Spring Activator.

Social Innovation Canada logo

The Problem: Access to Capital

Between 2014 and 2019, national cleantech exports grew at an annual pace of 9.7% – three times faster than all other product categories. While Canada does not lack in entrepreneurial ambition, several factors are hampering the growth of Canadian cleantech, and high among these is a lack of venture capital.

On a per capita basis, our cleantech venture capital investments represent half of what is seen in the United States. Accessing capital at critical earlier stages of growth can be the difference between creating impact at scale, or delaying the solutions to our climate challenges.


The Solution: Training & Matchmaking

The Quebec Cleantech Investment Challenge is based on a proven impact investor challenge model that addresses the access-to-capital challenges facing early-stage cleantech ventures from TRL 3-6, as well as a lack of private capital.
This innovative collaborative model builds a thriving ecosystem by simultaneously developing more qualified investors through cleantech investor training, and developing more qualified deal flow by providing investor readiness training to ventures.


How It Works

The Challenge will support 15 cleantech ventures from funding needs through to investor readiness, and will develop 20+ early-stage climate solutions investors from Quebec and across Canada. By the end of the program, at least one cleantech venture will raise $100,000 in investments from the investor stream to further develop their climate solution.

The Challenge undertakes a cohort-based approach to training with two intersecting streams:

  1. Investor Stream: for angel investors looking to make early-stage investments into Quebec cleantech ventures.
  2. Venture Stream: for climate-focused ventures looking to fundraise, including access to investor readiness training for participants.

No longer accepting applications


Are you a Quebec-based cleantech startup looking for investment? Apply to the Quebec Cleantech Investment Challenge to navigate the capital-raising process, access 1:1 business mentorship, connect with investors, and set yourself on the path to pitch for $100,000.


Are you interested in investing in climate technologies, but unsure how to start? Join the Quebec Cleantech Investment Challenge to learn how to navigate the investment process, build your network with like-minded investors, and invest in an up-and-coming local cleantech startup out of a cohort of vetted ventures.

Our D&I Commitment

  • 20 investors recruited from across Canada with at least half identifying as women and/or BIPOC
  • 15 cleantech startups from Quebec targeting half identifying as women and/or BIPOC


February – Venture Application Deadline, Venture Training Begins
March – Investor Application Deadline, Investor Training Begins
April – 2 Pitch Nights
May – Complete Investor and Venture Training
June – Grand Finale