10 March 2016

Created in 2011, the Accélérateur de création d’entreprises technologiques (ACET—accelerator for the creation of technological businesses) has reported positive results for its first five years of existence:

• 52 companies assisted for an overall value estimated at $62M;
• 35 are still receiving assistance;
• 6 have dropped out after a sale or merger;
• 8 have shut down;
• 170 jobs were created, including 80% in Sherbrooke;
• Close to $18M generated in investments; and
• 80% of the companies are linked to the Université de Sherbrooke.

ACET is a personalized training and support program for aspiring entrepreneurs with projects offering a strong potential for employment and wealth. It provides office space, funding, coaching, and networking opportunities.

Initially having a capital fund of $1M in 2011, the ACET Capital investment fund now has $3M.

Source: La Tribune

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