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YOUR FINANCIAL PARTNER OF CHOICE…. OUR PARTNERS. . FNVCQ is the only VENTURE CAPITAL FIRM controlled by First Nations of Quebec. FNVCQ was established in 2001 through the partnership of five major financial institutions in Quebec. MISSION.

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slide2

OUR PARTNERS

.

FNVCQ is the only VENTURE CAPITAL FIRM controlled by First Nations of Quebec. FNVCQ was established in 2001 through the partnership of five major financial institutions in Quebec.

slide3

MISSION

First Nations Venture Capital of Quebec, limited partnership, invests directly in private and community-operated Aboriginal businesses to allow the establishment and implementation of business projects likely to create jobs and economic spinoffs for all First Nations of Quebec.

slide4

CHARACTERISTICS OF VENTURE CAPITAL

Venture capital is a source of funding complementary to other forms of financing such as capital outlay, term loans, etc.

Example: an entrepreneur wants to start a new business. He needs $100 000 to cover all costs.

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CHARACTERISTICS OF VENTURE CAPITAL

(continued)

He has $10 000 to invest in the form of capital outlay and the bank is willing to lend him $50 000 guaranteed by the equipment to be acquired. The entrepreneur is short $40 000. He calls FVNVCQ.

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IS VENTURE CAPITAL USED ONLY IN RISKY PROJECTS? ANSWER: NO

Venture capital serves to supplement funding for all business projects demonstrating potential profitability. Because our interventions are rarely guaranteed, our capital is considered more at risk than secured funds advanced by a bank.

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ADVANTAGES FOR THE BUSINESS

Since the investment is made in the form of equity and quasi-equity, both the financial structure and financial ratios of the business are improved, providing promoters with greater leverage and the financial capability required to achieve their business objectives.

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FNVCQ: VALUE-ADDED SERVICES

  • We participate in the feasibility study of projects and can help entrepreneurs develop their business plan.
  • We help define the marketing plan.
  • We ensure that the direction taken by the project increases its degree of eligibility among organizations and lenders such as INAC, IC / AIDE, SOCCA, CDEM and SAA.
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THE NEED

  • Articles 29 and 89 of the Indian Act; 
  • Difficulties obtaining conventional financing;
  • Difficulties for entrepreneurs to use their personal equity to finance business projects (e.g., house, land and property on reserve);
  • Difficult social and economic situation of Aboriginal people in Quebec;
  • Scarcity of financial institutions dedicated exclusively to the Aboriginal people of Quebec.
slide10

PERFORMANCE OF FNVCQ SINCE ITS CREATION

  • Number of investments: 21
  • Total investments: $7 625 000
  • Number of jobs created or maintained: 400
  • Nations involved:
    • Innu, Cree, Wendat, Atikamekw, Malecite, Micmac, Naskapi
  • Sectors of activity:
    • Communication, mining, construction, transportation, fishery, restaurant business, forestry, manufacturing, hospitality, immobilization.
slide11

RECAPITALIZATION IN 2010

  • Business plan in 2008.
  • Confirmation of the recapitalization of FNVCP in 2010 in the amount of $2 million.
  • The value of the FNVCQ fund is now $8 million.
slide12

LATEST ACHIEVEMENTS OF FNVCQ

Hôtel-Musée Premières Nations

Bordered by thematic gardens and pedestrian trails along the Akiawenrahk River, the Hôtel-Musée Premières Nations offers guests an exceptional opportunity to experience authentic First Nations culture, knowledge and the art of living. Konrad Sioui, Chief of the Huron-Wendat Nation: "Our partnership with FNVCQ has contributed significantly to the achievement of this major tourism development project within the territory of Wendake.”

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LATEST ACHIEVEMENTS OF FNVCQ

Niowentsïo Territory’s Industries enr.

Niowentsïo Territory’s Industries enr. offers high-end standardized litter intended for farm producers. The product is made from logs non-recoverable for use by the wood processing industry, a sector privileged by First Nations of Quebec. Mathieu Sioui, Co-owner of the Niowentsïo Territory’s Industries: “Through its financial support, FNVCQ demonstrated its willingness to support innovative ideas and did not hesitate to show confidence in young entrepreneurs."

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LATEST ACHIEVEMENTS OF FNVCQ

Scierie Opitciwan Limited Partnership

In an exceedingly difficult economic context, the FNVCQ has allowed our company to pursue its development by financing our major technological advancement project.Marc Awashish, President of the Scierie Opitciwan: "This investment served to consolidate sawmill operations, allowing us to maintain some 120 jobs."

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First Nations Venture Capital of Quebec, limited partnership

2936, rue de la Faune, Bureau 200

Wendake (Québec) G0A 4V0

Website: www.investpn.ca

HaskanSioui M.Sc. Fin., CGA

General Director

haskan.sioui@investpn.ca