About This Fund
Fonds Impulsion is a CAD $200 million venture capital fund managed by Investissement Québec, a Quebec provincial government-owned investment institution headquartered in Montreal. Launched in October 2025, the fund consolidates capital from the former Impulsion PME program—suspended on 12 November 2024—into a dedicated pre-seed and seed investment vehicle. At launch the fund comprised approximately CAD $65 million already deployed in Impulsion PME portfolio companies and approximately CAD $135 million available for new investments. An additional CAD $50 million from the SQRI2 2022-2027 envelope announced in Quebec's 2025-2026 Budget Plan contributed to the total capitalization.
Fonds Impulsion invests in innovative Quebec-based technology companies at the pre-seed and seed stages. Investissement Québec typically commits between CAD $250,000 and CAD $2 million per company in exchange for equity stakes of 5% to 20% of capital. Over a planned four-year deployment horizon, the fund targets support for approximately 60 young technology companies distributed across the province of Quebec. Eligible companies benefit not only from capital but from operational guidance, as incubators, accelerators, and industrial research sector groupings assist Investissement Québec in evaluating candidates and ensuring alignment with specialized support organizations and value-added co-investors.
The fund continues the mission of the Impulsion PME program, which supported more than 60 early-stage technology companies across Quebec during its operational period. Fonds Impulsion represents Investissement Québec's flagship early-stage technology investment initiative, reinforcing the province's commitment to nurturing a deep ecosystem of innovative startups with high growth potential.