A selection committee comprised of professional members from the JCCM and Anges Québec will evaluate the candidates. From Anges Québec, André Forest and some other members, including renowned entrepreneurs with extensive experience in business, will participate in the selection process.

The selection committee was constituted to ensure that its members possess a variety of i) functional skills (investors, entrepreneurs and professionals from the banking, legal, and private equity sectors) and (ii) industry-specific knowledge (IT, manufacturing, medical, etc.).

Overall, the selection process is broken down to three phases:

1. Assessment of the companies based on their business plan

   1. Selection of 12 - 15 companies to create the 2011 cohort. Companies will be invited to a training session provided by Anges Quebec.

2. Dry-run

   1. Pitch by the entrepreneurs to the Selection Committee

   2. Feed-back and Q&A

3. Wet-run

   1. Pitch by the dozen members of the cohort in front of a Jury selected by Anges Québec

   2. Selection of top three to four companies that will present during the “Anges Québec Event" (first quarter of 2012).

   3. Selection of the 2011 “favourite” company by Anges Quebec.

All cohort members will attend the "Angel Investors Challenge" Event from December 1 to receive recognition and will have the opportunity to meet with investors. Anges Quebec will present the most promising company. In addition, all members of the cohort will benefit from media exposure surrounding the initiative along with all other advantages offered by the Angel Investors Challenge as well.

The companies that were not selected for the 2011 cohort will be invited to attend the "Angels Investors Challenge Event" and will have the opportunity to meet with investors there.

Among the dozen of companies constituting the cohort, three to four companies will give a verbal presentation of roughly 10 minutes in front of the audience at the Anges Quebec (“Anges Quebec Event”) in order to receive offers of investment.

For more details concerning the selection process, please click here to download the General Rules of the Angel Investors challenge.

• See André Forest biography