BDC – Industrial Innovation Venture Fund (2022)

ByMaurice

Description:

The Industrial Innovation Venture Fund brings direct investment and strategic support to visionary management teams with the desire, ambition and courage to become Canada’s next generation of global leaders.
The fund support innovation-oriented Canadian companies with next-generation solutions for strategic industries including:
1. Manufacturing 4.0;
2. Agri-tech and Food-tech;
3. Extractive industries (Mining, Oil & Gas, etc.).

Comments on Funding:

Funding will take the form of early-stage equity investment to Series A and beyond

Eligibility:

Applicants must be:

  • early-stage equity investment – Series A and beyond;
  • seeking Canadian companies with demonstrated market validation;
  • supporting companies in sectors of Canadian economic advantage
  • Manufacturing 4.0,
  • Agri-tech and Food-tech,
  • Extractive industries (Mining, Oil & Gas, etc.).

Other Things to Note:

The program was launched in June 2019 and administers $250 million in capital.

Testimonials:

Industrial Innovation Venture Fund – BDC

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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