Quebecor launches corporate venture capital arm

MONTREAL – Quebecor announced today it is expanding its entrepreneurial activities with the launch of a new corporate venture capital arm, asterX. “asterX will support start-ups that have the potential to stimulate innovation in Quebecor’s core business segments as well as game-changing businesses that are reshaping our everyday life,” a press release says. Quebecor has supported local start-ups for over two decades through initiatives including Pierre Péladeau Bursaries, which have been awarded annually to university students since 1999 for innovative projects. Furthermore, in the past year “Quebecor has partnered with nearly ten innovative start-ups in industries ranging from AdTech to...