Cycle Momentum
Cycle Momentum is a Montreal-based non-profit climate tech accelerator and open innovation platform that runs sector-specific programs (Origo, Lab-to-Startup, Nexterre) for early-stage startups, connecting them with 80+ investors and corporate partners to commercialize ecological solutions.
- Company typePrivate
- Founded2015
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cycle Momentum does
Cycle Momentum is a Montreal-based, non-profit climate technology accelerator and open innovation platform founded in 2015. The organization runs a portfolio of programs targeting early-stage startups developing solutions to ecological challenges — spanning climate tech, clean tech, food tech, green chemistry, water tech, urban tech, AgTech (via the Nexterre program), and Industry 4.0. Its flagship capital mechanism is Origo, an investment matching program that provides pre-seed and seed co-investment alongside a Circle of Partner Funds network of more than 80 investors, including BDC, Diagram ClimateTech, Quantacet, Nàdarra Ventures, Fondaction, and Mavrik. The Lab-to-Startup initiative bridges academic research to commercial deployment.
Cycle Momentum operates as part of the broader Cycle Capital platform, with overlapping leadership (the Chairwoman and CFO also serve at Cycle Capital, which manages over $0.6B CAD in climate tech funds). Its business model is non-profit and grant-driven: in October 2023 it received a $22.25M CAD grant from the Government of Quebec under the EcoPerformance program (part of the 2030 Green Economy Plan), and in November 2024 a $16M allocation through Canada Economic Development. Revenue also includes investment-related returns from Origo co-investments. Programs are delivered at no direct cost to startups.
The organization reports accelerating more than 193 companies in climate technologies since 2015 (over 150 broadly), with a 99% one-year survival rate and 80%+ overall survival rate for accelerated businesses. Cumulative ecosystem outcomes include $630M+ in capital raised by alumni, 1,500+ jobs created and maintained, and approximately 40,000 tonnes of GHG emissions avoided since 2017. Distribution is primarily community- and event-driven, anchored by the annual Climate Solutions Festival and Green Light Event.
Cycle Momentum firmographics
Firmographics- Name
- Cycle Momentum
- Legal name
- Cycle Momentum
- Website
- https://cyclemomentum.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cycle Momentum is a Montreal-based non-profit climate tech accelerator and open innovation platform that runs sector-specific programs (Origo, Lab-to-Startup, Nexterre) for early-stage startups, connecting them with 80+ investors and corporate partners to commercialize ecological solutions.
- Ownership category
- akta.pro rank
Cycle Momentum industry classification
Industry- Product category
- Startup Acceleration and Innovation Services
- NAICS
- Environmental Consulting Services (54162)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industries
- Corporate Accelerators & Startup Programs (FSANAHAD), Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)
Keywords
Where Cycle Momentum is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Cycle Momentum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Government Grants and Funding: Cycle Momentum receives government funding to support entrepreneurship in climate technologies. The Government of Quebec provided a $22.25 million grant in 2023 to support entrepreneurship in climate technologies. Canada Economic Development (CED) provided $16 million funding for 13 Quebec-based organizations supporting startups via incubation and acceleration programs.
- Investment Returns (Origo Program): Cycle Momentum invests in early-stage climate tech startups through the Origo investment matching program, supported by the Government of Quebec under the EcoPerformance program (part of the 2030 Green Economy Plan). Returns come from successful portfolio companies through co-investment structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Acceleration Program Support |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Cycle Momentum product offering
Product offeringCore offering
Cycle Momentum operates as a startup accelerator and open innovation platform dedicated to the clean technology ecosystem, running sector-specific acceleration programs (Climate Tech, Clean Tech, Food Tech, Green Chemistry, Water Tech, Urban Tech, Industry 4.0, and AgTech via Nexterre), the Lab-to-Startup research commercialization program, and the Origo investment matching program backed by the Government of Quebec. It connects early-stage climate tech startups with a Circle of Partner Funds (80+ investors), corporate partners, research institutions, and mentors to support technology commercialization and growth.
Product overview
Cycle Momentum operates as a multi-program accelerator and open innovation platform that brings together an international collective of entrepreneurs, investors, and innovators. The platform is not a single unified product but rather a portfolio of specialized acceleration programs organized by technology sector. The core programs include the Origo investment matching program (which provides funding and ecosystem access for early-stage climate-tech startups), the Lab-to-Startup initiative (bridging research to commercialization), and sector-specific accelerators covering Climate Tech, Clean Tech, Food Tech, Green Chemistry, Water Tech, Urban Tech, and Industry 4.0. The platform also includes the Circle of Partner Funds investor network with 80+ members. Programs are typically 6-month sprints combining virtual learning with in-person components, offering mentorship, training, networking, and funding access through Origo.
Differentiator
Problem solved
Functional benefit
Brands
- Origo: Investment matching program that supports entrepreneurs developing innovative solutions by stimulating financing at pre-seed and seed stages, backed by the Government of Quebec.
- Lab-to-Startup
Products and services
- Origo
Quantifiable outcome
- 99% survival rate at 1 year for accelerated companies
- +4 more outcomes
Companies that use Cycle Momentum
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Cycle Momentum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cycle Momentum partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- Cycle CapitalcoreCycle Capital is the founder of Cycle Momentum and a venture capital investment team that manages over $0.6 billion CAD in early and growth-stage climate tech funds. Cycle Momentum is a member of the Cycle Capital platform, providing acceleration and open innovation programs.
- National Research Council of CanadamajorCollaborated with FibeCycle to evaluate its proprietary technology for recycling wind turbine blade composites into ecoFRP thermoplastic composites.
- RECYC-QUÉBECmajorPublished study on material flows related to Quebec's energy transition. Partnered with Cycle Momentum on the Circular Innovation Challenge - Wind Energy initiative.
- INNERGEXmajorIndustrial partner in FibeCycle's pilot project for wind turbine blade recycling, providing financial participation, in-kind support, and industry expertise.
- KRUGER EnergymajorIndustrial partner in FibeCycle's pilot project for wind turbine blade recycling.
- EDF Power SolutionsmajorIndustrial partner in FibeCycle's pilot project for wind turbine blade recycling.
- Wind Power Solutions LLCmajorIndustrial partner in FibeCycle's pilot project for wind turbine blade recycling.
- BORALEXmajorIndustrial partner in HPSH's recycling pilot project for wind turbine blades, contributing to financing and project success.
- HYDRO-QUÉBECmajorIndustrial partner in HPSH's recycling pilot project, part of Hydro-Québec's plan to deploy approximately 1,500 additional turbines by 2035.
- PRIMA QuébecmajorPôle de recherche et d'innovation en matériaux avancés du Québec, providing provincial funding through the Ministry of Economy, Innovation and Energy for HPSH's circular economy project.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Cycle Momentum competitors and assessment
Company assessmentDirect peers
- Cycle Capital: Founding platform of Cycle Momentum, managing $0.6B+ in early and growth-stage climate tech funds. Shares executives and operations with Cycle Momentum, making it the most directly comparable peer.
- Foresight Canada: Canadian cleantech accelerator supporting clean technology ventures across Canada. Direct peer as a sector-focused Canadian cleantech accelerator with similar mandate and target portfolio companies.
- Creative Destruction Lab: Canada-based seed-stage accelerator for massively scalable science and technology-based companies. Comparable in operating programs for science-driven ventures, including climate tech cohorts.
- Greentown Labs: Largest cleantech startup incubator in North America, based in Massachusetts. Direct peer as a cleantech-focused accelerator with industry partnerships, investor networks, and similar stage focus.
- Ecofuel Accelerator: Quebec-based clean tech accelerator focused on early-stage startups. Direct peer operating in the same regional and sector ecosystem, serving similar cleantech founders.
Broad incumbents
- MaRS Discovery District: Large Toronto-based innovation hub supporting science and technology ventures. Broader incumbent offering general startup support including some climate ventures, but not a focused cleantech accelerator.
- Techstars: Global accelerator operator with multiple sector-specific programs including sustainability-focused cohorts. Broader incumbent with established accelerator platform, mentor network, and investor access.
- European Innovation Council (EIC) Accelerator: EU-wide public accelerator providing grants and equity to deep tech and climate startups. Comparable in mission of supporting climate innovation, but at much larger scale and with different funding mechanisms.
Regional players
- DMZ (Toronto): Toronto-based tech accelerator with global footprint. Operates in the Canadian innovation ecosystem with similar programs, including cleantech and sustainability tracks, making it a regional peer.
Emerging players
- Element Energy (now part of ServiceNow): Montreal-based AI company. Less direct as a commercial AI firm, but relevant as a Montreal-headquartered technology ecosystem peer that has been a notable startup success and ecosystem anchor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Cycle Momentum social profiles
Digital presenceCycle Momentum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cycle Momentum leadership team
Management profileNumber of profiles
Profiles17 records
Cycle Momentum funding detail
Funding detailFunding overview
Funding rounds2 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cycle Momentum M&A and investment
M&A and investmentM&A
Investments95 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cycle Momentum
What does Cycle Momentum do?
Cycle Momentum operates as a startup accelerator and open innovation platform dedicated to the clean technology ecosystem, running sector-specific acceleration programs (Climate Tech, Clean Tech, Food Tech, Green Chemistry, Water Tech, Urban Tech, Industry 4.0, and AgTech via Nexterre), the Lab-to-Startup research commercialization program, and the Origo investment matching program backed by the Government of Quebec. It connects early-stage climate tech startups with a Circle of Partner Funds (80+ investors), corporate partners, research institutions, and mentors to support technology commercialization and growth.
Is Cycle Momentum a public or private company?
Cycle Momentum is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Cycle Momentum founded?
Cycle Momentum was founded in 2015. It employs 11 to 50 people.
Where is Cycle Momentum based?
Cycle Momentum is headquartered in Montréal, Canada, in the North America region.
How does Cycle Momentum make money?
Two revenue lines are on record. Government Grants and Funding is the primary driver. The others are investment Returns (Origo Program).
Who are Cycle Momentum's main competitors?
Direct peers on record are Cycle Capital, Foresight Canada, Creative Destruction Lab, Greentown Labs and Ecofuel Accelerator. Broad incumbents are MaRS Discovery District, Techstars and European Innovation Council (EIC) Accelerator. DMZ (Toronto) is listed as a regional player. Element Energy (now part of ServiceNow) is listed as an emerging player.
Does Cycle Momentum have an API?
No public API is recorded for Cycle Momentum.
What industry is Cycle Momentum in?
Cycle Momentum's product category is Startup Acceleration and Innovation Services. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of FSANAHAD, Corporate Accelerators & Startup Programs. Its NAICS code is 54162 and its SIC code is 6282.