Valorization of Québec Innovation - To better valorize academic research, Valeo and MSBiV become Aligo Innovation

MONTREAL, June 30, 2014 /CNW Telbec/ - Valeo Management ("Valeo") and MSBiV ("MSBiV") today announced the creation of Aligo Innovation ("Aligo") to valorize the intellectual assets of its academic partners.  

The pooling of Valeo and MSBiV's operations was completed to strengthen the complementarity of the two organizations and to better serve the innovation industry at a time when efficiency and resource pooling are particularly decisive. The initial phase of the organizational merger was announced back in September 2012. "The creation of Aligo Innovation is the final step in this process," says Luc Tanguay, Chairman of the Board of Valeo, who will act as Vice-Chairman of the Board of Directors of Aligo.

Aligo will foster economic development through spin-offs and tech-transfers from its partnering institutions, improving the competitiveness of existing businesses; it will provide seed funding, specialized resources, a multidisciplinary team and access to business networks for the commercial development of technology-based opportunities.

"More than twelve years after the creation of Valeo and MSBiV, the valorization industry must now take the steps to optimize its resources in response to the challenges facing university tech-transfer. We are confident that the creation of Aligo Innovation demonstrates our leadership in this regard and we will continue our fruitful collaborations with other stakeholders in the Quebec innovation ecosystem, "says François Schubert, Chairman of the Board of MSBiV, who will act as Chairman of the Board of Directors Aligo.

"The pooling of Valeo and MSBiV's means shows that the academic research environments are ready for this renewed vision in an increasingly competitive world," says Anne-Marie Larose, current CEO of the two merging organizations, who becomes President and CEO of the new entity.

About  Aligo Innovation
Aligo Innovation, limited partnership, is a new university technology transfer office that commercializes  and valorizes the intellectual property assets of its partnering institutions: McGill University, Concordia University, Université du Québec à Montréal (UQAM), the Université de Sherbrooke , École de Technologie Supérieure (ETS), the Université du Québec à Rimouski (UQAR), the Université du Québec à Trois-Rivières (UQTR), the Université du Québec en Abitibi-Témiscamingue (UQAT), the Université du Québec en Outaouais (UQO), Bishop's University and their affiliated hospitals and research centers.

SOURCE Aligo Innovation

For further information: Press | Media: Caroline De Guire, PIKANTE! Communications, 514.756.8430, caroline.deguire@pikante.ca; Source: Anne-Marie Larose, Aligo Innovation, 514.840.1226 x3006, amlarose@aligoinnovation.com