{"id":20795,"date":"2024-06-25T12:00:00","date_gmt":"2024-06-25T16:00:00","guid":{"rendered":"https:\/\/evol.wp.vortexdev.com\/?post_type=pressroom-post&p=20795"},"modified":"2024-06-25T11:50:38","modified_gmt":"2024-06-25T15:50:38","slug":"2023-2024-annual-report","status":"publish","type":"pressroom-post","link":"https:\/\/evol.wp.vortexdev.com\/en\/press-room\/2023-2024-annual-report\/","title":{"rendered":"$12.75 million to prosperous, sustainable businesses Evol releases its annual results"},"content":{"rendered":"

Evol is proud to publish its annual report for 2023-2024. Presented at the annual general meeting on June 18, the most recent report on the organization is testimony to Evol\u2019s impact on Qu\u00e9bec\u2019s entrepreneurial landscape. A total of $12.75 million was granted to businesses that create value, a major economic lever that generated $42.7 million in additional investment. <\/p>

\u201cWe are proud to contribute to our economy\u2019s transformation by supporting small and medium-sized businesses that make a positive impact on society,\u201d said G\u00e9raldine Martin, Evol CEO. \u201cThe projects of each of the 96 businesses financed last year meet at least one of the UN\u2019s 17 Sustainable Development Goals. Plus, Evol devotes its financing and mentoring offer to businesses owned and managed by clienteles that are underrepresented in entrepreneurship and that create a fundamental place for inclusion.\u201d <\/p>

Working on developing entrepreneurship for the past 29 years, Evol has become a key resource for entrepreneurs in the 17 regions of Qu\u00e9bec. During the past year, the organization responded to 10,630 requests for information. Team members also offered 16,270 hours of mentoring. In total, 1,544 businesses benefited from these services. Finally, Evol received a score of 94% on its most recent customer satisfaction survey. <\/p>

This performance was warmly applauded by the board of directors, which, on the same occasion, nominated its new president. <\/p>

\u201cI enthusiastically accepted the position of president of the board of directors of Evol, an organization made up of incredible people and a community committed to making a big difference in society,\u201d said Nadia Martel, president of Evol\u2019s board of directors. \u201cTogether, we will continue to be the architects of sustainable change, shaping a future where economic development and social impact are inseparable. I would also like to thank our two new directors and express my deep gratitude to our two outgoing directors, including our former president of the board.\u201d<\/p>

The annual general meeting was a chance to recognize the contribution of the outgoing president of the board of directors, who played an important role in implementing Evol\u2019s impact funding envelope. <\/p>

\u201cI am ending my mandate with Evol with a sense of mission accomplished,\u201d said Alain-Olivier Desbois, outgoing president of Evol\u2019s board of directors. \u201cSince the launch of the impact funding envelope in 2021, over $24.5 million in financing has been granted to 161 businesses, generating $67.4 million in investment spin-offs. With the ambitions our organization is pursuing, based on the most recent strategic planning exercise, Evol is on a promising trajectory to position itself in impact financing and reach new heights.\u201d<\/p>

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Here is the full composition of our 2024-2025 board of directors:<\/strong><\/h5>