Montreal: La Financiere des entreprises culturelles du Quebec (Quebec Entertainment Investment) has authorized its first three gap-financing agreements. Two of the productions are feature films and the third is television. Pierre Leblanc, the agency’s general manager, says more details will be available soon and adds one of the projects has been presold to a u.s. syndicator.

Leblanc also announced the appointment of Marie-Claude Poulin as manager, gap financing program.

Poulin, who is attending the Cannes International Film Festival, will be responsible for evaluating and recommending eligible projects, primarily film and tv, for bank guarantees based on international sales potential. Poulin has held senior international sales and acquisition positions with Norstar Entertainment, Malofilm Distribution and Lions Gate Films.

fidec opened for business earlier this year with National Bank of Canada/Banque National among its founding equity shareholders. The agency’s initial capitalization is $45.5 million, including $20 million from sodec.