# Economic Development of Canada

> Economic Development of Canada is a VC fund backing Manufacturing. See 74 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Val-d'or, Canada
- Total investments: 74
- Last investment: Aug 2024
- Lead investor: 80%
- Last updated: Aug 2026
- Website: http://dec-ced.gc.ca

Economic Development of Canada is a VC fund in Val-d'or focused on Manufacturing and Software. Economic Development of Canada is providing assistance to enterprises and communities.

## Contacts

5 contacts available for Economic Development of Canada. Shizune tracks 2 team members at Economic Development of Canada. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/quebec-and-economic-development-of-canada?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $100k–$10M |
| Series B | $5.5M–$25M |
| Debt Financing | $95k–$1.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 21 | 28% |
| Software | 8 | 11% |
| Non Profit | 6 | 8% |
| Information Technology | 6 | 8% |
| Events | 5 | 7% |

136 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 34 | 46% |
| Debt Financing | 29 | 39% |
| Series B | 3 | 4% |
| Funding Round | 3 | 4% |
| Seed | 2 | 3% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 70 | 95% |
| United States | 2 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Pascale St-Onge | Minister of Sports and Minister responsible | 11 | https://shizune.co/investors/profile/pascale-st-onge-2146 |
| Simon Kennedy | Deputy Minister | 0 | https://shizune.co/investors/profile/simon-kennedy |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Inter Fonction | Inter Fonction is a maker of premium aluminum and glass interior doors. Its superior products and high-quality materials are well-known in the architectural and design community. | $129.4K | Debt Financing | Aug 23, 2024 |  |
| Qeen Biotechnologies | Qeen Biotechnologies excels in biomanufacturing non-traditional therapeutics, specializing in GMP and non-GMP bacteriophages. It develops and produces GMP and non-GMP bacteriophages and delivery systems for life sciences. | $145.6K | Debt Financing | Aug 15, 2024 |  |
| Lofts Hotel Gaspesie | Lofts Hotel Gaspesie provides with fully modern comfort and will allow you to be independent to fully enjoy. | $106.2K | Grant | Aug 08, 2024 |  |
| Micmacs of Gesgapegiag | Micmacs of Gesgapegiag develops an Indigenous-led community-based program for natural climate solutions. |  | Grant | Aug 07, 2024 |  |
| JUST FOR ENTERTAINMENT | Since its founding in 1997, Juste pour divertir / Just For Entertainment (historically ComediHa!) has established itself as an international leader in live entertainment, television, film, and festivals.In 2024, with the acquisition of Groupe Juste pour rire, combined with the strengths and values of ComediHa!, we have reinforced ourposition as a key player in the comedy industry, committed to "making the world laugh everywhere in the world." Founded in 1983, Juste pour rire is internationally renowned not only for organizing the world's largest comedy festival—attracting millions of visitors to Montréal and Québec—but also for its role in promoting comedy globally, having launched the careers of many renowned comedians.Today, Just For Entertainment goes beyond comedy, offering a wide range of content, including music, drama series, and much more. Our team consists of nearly 200 permanent employees and over 6,000 temporary employees and collaborators, all contributing their creativity and passion.Our mission is clear: to bring together talent to create a world of entertainment through inspiring brands and content.Our brands and productions captivate hundreds of millions of viewers worldwide through our broadcasting partners, festivals, social media, and digital streaming platforms. With a following of over 70 million engaged fans and more than 100 billion views, we continue to expand our reach. | $867.7K | Grant | Jul 26, 2024 |  |
| Digihub Shawinigan | Digihub Shawinigan is an ecosystem allowing the emergence and growth of digital startups. They offers several spaces under the same roof: a coworking space, training rooms, meeting, conference, an incubator, an accelerator, but also a Fab-Lab connected to several Living-Labs regional. | $347K | Grant | Jul 12, 2024 |  |
| GIMXPORT | GIMXPORT offers its members support consulting services. Their services include assessment and diagnosis meetings, targeting the best business opportunities, consulting services in the development of a suitable strategy, planning to structure your approach, finding funding to carry out your project, technical support in the implementation, andindividual or group training and coaching to help achieve goals. | $1M | Grant | Jun 13, 2024 |  |
| C2 Montréal | C2 Montreal is a non-profit organization aiming to reinvent the concept of the annual international conference, in order to better explore the commerce-creativity dynamic and its potential to redefine the business world. | $750K | Grant | May 22, 2024 |  |
| Propals | Propals specializes in providing packing services, printing, and lamination services. | $1M | Debt Financing | May 13, 2024 |  |
| Les Pliages Apaulo | Les Pliages Apaulo is a manufacturer of molded plywood products. | $500K | Debt Financing | Apr 29, 2024 |  |

10 of 74 investments shown.

## Co-investors
- [Investissement Quebec](https://shizune.co/investors/profile/investissement-quebec) — VC Fund, 7 deals together
- [Business Development Bank of Canada](https://shizune.co/investors/profile/business-development-bank-of-canada) — VC Fund, 3 deals together
- [Cycle Capital](https://shizune.co/investors/profile/cycle-capital) — VC Fund, 3 deals together
- [Desjardins Venture Capital](https://shizune.co/investors/profile/desjardins-venture-capital) — VC Fund, 3 deals together
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund, 2 deals together
- [Fonds de solidarité FTQ](https://shizune.co/investors/profile/fonds-de-solidarit-ftq) — VC Fund, 2 deals together

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## FAQ

### What does Economic Development of Canada invest in?

Economic Development of Canada invests primarily in Manufacturing, Software and Non Profit startups, most often at Grant and Debt Financing stage. Most of the 74 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Economic Development of Canada's check size?

Economic Development of Canada typically joins rounds of $100k–$10M at Grant, $5.5M–$25M at Series B and $95k–$1.7M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Economic Development of Canada participates in.

### How do I contact Economic Development of Canada?

Public channels for Economic Development of Canada include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Economic Development of Canada?

The team at Economic Development of Canada includes Pascale St-Onge (Minister of Sports and Minister responsible) and Simon Kennedy (Deputy Minister). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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