BDC – Industrial, Clean and Energy Technology (ICE) Venture Fund (2022)


We operate on the frontier of innovation where tomorrow’s technologies are born. With deep expertise and agility, we manage $300 million in capital — investing in Canada’s most innovative technology companies, firms that are redefining how the world works by bringing digital transformation to a wide range of industries.

Comments on Funding:

Funding will take the form of early-stage investment and beyond.


Applicants must be:

  • entrepreneurs with bold ideas that build global companies;
  • entrepreneurs bringing novel solutions to where industry and enterprise applications intersect, including:
  1. Industry
  • environmental, social and governance (ESG);
  • energy and electrification;
  • mobility, logistics & supply chain;
  • industrial systems;
  • real estate and infrastructure;
  • space and aerospace.
  1. Enterprise:
  • artificial intelligence and machine learning;
  • loud computing;
  • data intelligence;
  • enterprise platforms and applications;
  • Internet of Things (IoT) / infrastructure;
  • security, privacy and compliance.

Other Things to Note:

Some of their successful exits include Bit Stew Systems, Xantrex, Satlantic, Pyrophotonics, Welaptega Marine, Ballard Power and Cellex.


Industrial, Clean and Energy Technology (ICE) Venture Fund

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