Press release

HIGHLIGHTS:

• Adrenalys is an unprecedented economic development initiative led by a private group whose mission is to propel Quebec companies with high growth potential to the next level. 
• Building on the success of its first cohort in 2015-2017, Adrenalys has selected a record number of 30 Quebec SMEs with a strong growth potential for its 2018-2020 cohort.
• 11 Quebec regions and several industries are represented by these SMEs, which have recorded an average growth rate of 30% over the past three years.
• Today marks the beginning of an exciting time for these SMEs, which will gain access to $4.5 million in pro bono services and $200 million in funds dedicated to accelerating growth from the group’s 10 partners.

MONTREAL, JULY 10, 2018 – Adrenalys, whose 10 partners are committed to propelling Quebec companies with high growth potential to the next level, is proud to unveil today its second cohort of exceptional SMEs.

Following the call for applications launched on February 26, 30 exceptional SMEs have been selected by Adrenalys’ Advisory Council comprised of women recognized for their success in business and chaired by Suzanne Blanchet, director of several companies and former president of Cascades Tissue Group. “Using an unprecedented and innovative approach, Adrenalys will once again support some of our strongest entrepreneurs at a critical moment in their development, helping them reach new heights, such that all will feel the benefits – at the local, provincial and national levels,” said Blanchet.

An impressive second cohort

Representing 11 regions of Quebec in the manufacturing, information technology and communications, construction, retail, food and leisure sectors, these SMEs has achieved spectacular returns. Total combined revenues of the selected SMEs reached $1.9 billion ($63 million per SME) in the last fiscal year, while their overall revenue growth rate was 30% over the past three years. “The entrepreneurial spirit present in Quebec is one of its most valuable assets and this second cohort of exceptional companies demonstrates this. It is a privilege to be part of this program and contribute to the growth of these businesses and our economy!” said Véronique Proulx, President and CEO of Quebec Manufacturers and Exporters (MEQ).

Confirmed members of the first Adrenalys 2018-2020 cohort (in alphabetical order)

Opportunity for accelerated growth

Building on the success of a first 2015-2017 cohort, Adrenalys is committed to deploying even more impressive means to support these new leaders in the critical passage from small to medium business, starting with $4.5 million in pro bono services and $200 million in funds dedicated to growth. Leaders of the original 2015-2017 cohort, eager to help drive new growth, will be added to this group of elite entrepreneurs.

Today marks the beginning of a new period, during which the 10 business group partners – National Bank,Fasken,Fonds de solidarité FTQ,Proaction International,Raymond Chabot Grant Thornton, Talsom, Finalta Capital, Export Development Canada (EDC), Bleublancrouge and consulting firmAscendis,founder of Adrenalys – undertake to provide a unique 360° multi-disciplinary approach tailored to the needs of each member."I wish to thank the members of the Advisory Council for their outstanding contribution that led to the formation of this second cohort,” stated Dominic Deneault, Founding President of Adrenalys and Ascendis partner."It is now up to the leadership team of the selected SMEs and our partners to work together to enable these SMEs to excel.It is not ambition nor resources that we are missing!"

About Adrenalys

Adrenalys is a program led by a group of Quebec’s top-tier business advisors with a mission to help propel high growth potential Quebec companies to the next level. The ten partners of the group – National Bank, Fasken, Fonds de solidarité FTQ, Proaction International,Raymond Chabot Grant Thornton, Talsom, Finalta Capital, Export Development Canada (EDC), Bleublancrouge and consulting firm Ascendis, founder of Adrenalys – work together to provide a unique 360° multi-disciplinary approach tailored to the needs of each member to support them in their challenges. Adrenalys website: adrenalys.ca

Members of the Advisory Council

Suzanne Blanchet, President of the Advisory Council, director of several companies and former president of Cascades Tissue Group
Véronique Proulx, President and CEO of Quebec Manufacturers and Exporters (MEQ)
Nathalie Pilon, President, ABB Canada
Geneviève Biron, President and CEO, Biron Health Group
Christiane Germain, Co-president, Groupe Germain Hotels
Geneviève Marcon, President, GM Développement
Nathaly Riverin, President and CEO, Rouge Canari, and Ex-president of l’École d’entrepreneurship de Beauce

RELATED LINK

Adrenalys official website: adrenalys.ca

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