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Technoclimat
Technoclimat is a program of Quebec's Ministry of the Environment, based in Montreal, Canada. It is financed by the Electrification and Climate Change Fund,...
Technoclimat
Technoclimat is a program of Quebec's Ministry of the Environment, based in Montreal, Canada. It is financed by the Electrification and Climate Change Fund, the Energy Transition, Innovation and Efficiency Fund, and energy distributors. Technoclimat has made one investment, in HaiLa, as part of a grant on August 29, 2023.
General information
Firm type
Generalist
Year founded
2017
Location
Region
North America
Country
Canada
City
Quebec City
Corporate office
Quebec City, QC, Canada
Sector focus
Frequently asked questions
Which sectors does Technoclimat focus on?
The firm allocates capital to industrial decarbonization, advanced biofuels, carbon capture utilization and storage (CCUS), and building-efficiency hardware. These sectors align with Quebec's economic strengths — notably abundant hydroelectric power and a network of university-affiliated research labs — and the province's stated emissions-reduction priorities under the 2030 Plan for a Green Economy.
Does Technoclimat co-invest alongside external venture capital firms?
Public record does not confirm a formal co-investment program, but the firm's policy-linked deal flow and venture-stage focus suggest transactions frequently involve syndicates with private cleantech funds and institutional investors. Technoclimat's willingness to underwrite technology risk positions it as a potential anchor or follow-on participant in rounds that require patient, mission-aligned capital.
Where does Technoclimat's capital come from?
Technoclimat's capital base is rooted in Quebec's public energy-transition funding, allocated through provincial budgets and climate-plan appropriations. The exact annual deployment capacity has not been itemized by entity, making it difficult to separate Technoclimat-specific allocations from broader program spending within the 2030 Plan framework.
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