Presentation is loading. Please wait.

Presentation is loading. Please wait.

YOUR FINANCIAL PARTNER OF CHOICE…. . FNVCQ is the only VENTURE CAPITAL FIRM controlled by First Nations of Quebec. FNVCQ was established in 2001 through.

Similar presentations


Presentation on theme: "YOUR FINANCIAL PARTNER OF CHOICE…. . FNVCQ is the only VENTURE CAPITAL FIRM controlled by First Nations of Quebec. FNVCQ was established in 2001 through."— Presentation transcript:

1 YOUR FINANCIAL PARTNER OF CHOICE…

2 . 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. OUR PARTNERS

3 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. MISSION

4 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.

5 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.

6 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.

7 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.

8 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.

9 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.

10 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.

11 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.

12 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.”

13 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."

14 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."

15 First Nations Venture Capital of Quebec, limited partnership 2936, rue de la Faune, Bureau 200 Wendake (Québec) G0A 4V0 Website: www.investpn.cawww.investpn.ca Haskan Sioui M.Sc. Fin., CGA General Director haskan.sioui@investpn.ca


Download ppt "YOUR FINANCIAL PARTNER OF CHOICE…. . FNVCQ is the only VENTURE CAPITAL FIRM controlled by First Nations of Quebec. FNVCQ was established in 2001 through."

Similar presentations


Ads by Google