“Investing means being vested” is the mission statement of the Anges Québec network. Bringing together at least 165 investor members throughout the province, Anges Québec is always on the lookout for innovative projects and entrepreneurs capable of making them happen. François Gilbert, CEO and founder, vibrantly paints us a portrait of what he does.
Start on the right footFounded in 2008, the Anges Québec network brings together private investors who are interested in new businesses that are both ambitious and audacious. “Our work focuses on start-up innovation,” explains François Gilbert. “About 90 percent of the projects we fund would not have found money elsewhere.”
The financial angel strives to make entrepreneurs more knowledgeable and help companies perform better. “The primary objective of the entrepreneur is not to make money – it’s to realize an idea and their own potential. That is why we need to create a fair and equitable understanding between both parties,” says Gilbert.
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Profile of an entrepreneurFor Gilbert, the angel investor has a few points in common with the entrepreneur. “The angel investor builds a soul. He must have an excellent analytic sense and the capacity to look into the future. Like the entrepreneur, the investor is determined to change the world.”
Submitting your project
If this last presentation receives positive feedback, the negotiation phase of the terms and conditions of the agreement begins, legally binding the entrepreneur and the investors. According to Gilbert, “The entire process should ideally take three months, but sometimes it’s faster. On average, our process takes four months.”
Anges Québec has invested in many Quebec companies, including BonLook and Frank & Oak (e-commerce), Hexoskin (clothing technology), Marmott Énergies and SCL Elements (clean technologies).
“In Quebec, excellent training, notably in technology, gives entrepreneurs much more expertise in product development,” affirms François Gilbert. “They tend to be a little weaker in bringing products to market, commercialization and sales, so it is in these areas that we help out the most.”
Get going on your business plans!
Anges Québec in figures
- 165: The number of members in the Anges Québec network
- 719: The number of investments made by all members
- 5: The average number of investments per member
- 53: The number of companies Anges Québec has supported since its creation in 2008
- 600,000: The average investment per case in dollars
- 85 million: The total investment made by Anges Québec since its creation in dollars
Want to learn more?
Visit the Anges Québec website