Investing in Alberta Innovation
AVAC Ltd. is an Alberta-based investment company investing in promising early-stage commercial ventures in value-added agri-business, information and communications technologies, life sciences, and other industrial technology sectors. AVAC also manages an active early-stage venture capital fund-of-funds investment pool, and the new Accelerate Angel co-investment Fund. AVAC's mandate is to help bridge the critical investment gap that exists between innovative ideas and commercial business success.
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The Globe and Mail recently published an article about Livestock Water Recycling, an AVAC Investee.Company launches Afinity with unprecedented funding, scientific supportAccelerate Fund is pleased to announce an investment in Mobile Data Technologies Ltd.(“MDT”) alongside several angel investors. MDT is an Alberta company that designs and builds data acquisition and control systems for pressure trucks, hot oilers, frac pumpers, coiled tubing units and other mobile stimulation equipment in the Oil & Gas Industry. MDT primarily targets U.S. customers and has setup a facility in Texas to support those efforts, but in addition, the company has also been securing local sales and unsolicited business from overseas.