Valorisation of Quebec Innovations - To commercialise more innovations, Valeo and MSBiV discuss pooling their operations

MONTREAL, Sept. 10, 2012 /CNW Telbec/ - Valeo Management (« Valeo ») and MSBi Valorisation (« MSBiV ») announce that they have initiated discussions aiming at pooling their operations. Their ultimate goal is to provide academic partners of both organisations a critical mass of expertise and the relevant financial resources to successfully meet the challenge of commercialising promising university discoveries. This pooling of resources on both organizational and operational aspects could lead to the merger of the two organizations.

"Ten years after the creation of Valeo, we believe that the valorisation industry, like many other industries, is evolving and is ready for the next stage of its development," says Luc TANGUAY, Chairman of the Board of Valeo. "There are a growing number of examples of such collaborations and pooling of resources, whether in the area of academic research or within the Québec innovation ecosystem, and they have inspired us with a renewed vision of the future," adds François SCHUBERT, Chairman of the Board of MSBiV.

Appointment of Didier LECONTE
As part of their merger, the two organisations wish to engage into such pooling of resources on the management side and are glad to announce the appointment of Didier LECONTE as President and Interim CEO of Valeo. M. LECONTE, who retains his position as CEO of MSBiV, brings to the organisation over twenty years of experience in technology transfer, whether from industry or the academic community.

In the meantime, the vocations of the two organisations remain unchanged. MSBiV continues to provide seed funding, resources, expertise and business networks to develop technologies with high potential from McGill University, Université de Sherbrooke and Bishop's University, as well as their hospitals and affiliated research centers. MSBiV is at the heart of the creation of spin-off companies, and also develops technology-based opportunities ready to be transferred to existing companies. Academic partners of Valeo, namely University du Québec à Montréal, Université du Québec à Trois-Rivières Université du Québec en Abitibi-Témiscamingue, Université du Québec à Rimouski, Université du Québec en Outaouais, École de technologie supérieure and Concordia University continue to benefit from the expertise of the team, who ensure that their most promising technologies are valued, the resulting intellectual property is protected and the best business proposals are considered.

SOURCE: MSBi Valorisation

For further information:

Press | Media: Caroline De Guire
Pikanté! Communications
514.756.8430
caroline.deguire@pikante.ca

Source: Didier Leconte
MSBi Valorisation et Gestion Valeo
514.982.2251 x400
communications@mbsiv.com

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