OTTAWA, March 22, 2016 /CNW/ - Cycle Capital Management is delighted to see a breath of fresh air in the Federal Government Budget for 2016-2017. Particularly, Cycle Capital welcomes this budget with a visionary future for the Canadian economy, leveraging on major investments in cleantech, innovation and in green infrastructure.
More specifically, Cycle Capital notes the creation of the Low Carbon Economy Fund, with a $2 billion envelope over two years starting in 2017-2018, and the investment of $2.9 billion over five years to fight climate change and pollution. The amounts attributed to Natural Resources Canada for energy efficiency and the $1 billion over five years for future investments in cleantech are also very positive.
"We are ready for this challenge. By focusing on cleantech and helping efficient entrepreneurs, ready to conquer the world, Canada can become again an influent actor globally in cleantech and build prosperity from a green economy", declares Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital Management.
About Cycle Capital Management
A pioneer among Canadian venture capital funds focused on the clean-tech sector, Cycle Capital invests in companies developing and commercializing clean technologies and striving to reduce greenhouse gas emissions, optimizing resource use, and improving process efficiency throughout a product's life cycle.
With assets under management of $230 million, Cycle Capital, invests in Quebec and North America. Cycle Capital, based in Montreal with an office in Toronto and presence in New York and Seattle, regroups seasoned investment professionals, strategic advisors and industrial partners with in-depth knowledge of the sector. Cycle Capital has a special relationship with its strategic partners, notably Brookfield Renewable Energy, Rio Tinto Alcan, Cascades, Group M3, Lonza, Gaz Métro, Systemex Énergies, Aluminerie Alouette, and Hydro-Québec. For more information on Cycle Capital visit: cyclecapital.com.
SOURCE Cycle Capital Management
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For further information: Mathieu Lavallée, Head of Communications and Public Relations, [email protected], +1 514 947-7628