Investissement Québec has officially relaunched a popular early-stage investment program as a $200-million venture capital (VC) fund for the province’s tech startups.

“There are two clear objectives: to build the next generation of flagship technologies, and to fill the gaps in development stages that are a little underserved.”

The fund, known as Fonds Impulsion, was created with $150 million already dedicated to Impulsion PME, an early-stage investment matching program that briefly shut down last fall. An additional $50 million was allocated from the province’s research and innovation strategy.

The allocation was previously announced in the provincial budget in March, but IQ has now launched the fund and provided more details on how it will work.

The fund is targeting pre-seed and see

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