The Accelerate Fund is an early stage, angel co-investment fund. It is available to Alberta technology companies, allowing them to secure additional financing for their current angel round, and tap into a broader network of industry support.
Entrepreneurial success requires building a network that will help pull together the resources, knowledge and contacts that make all the difference in realizing full market potential. The Accelerate Fund represents a partnership of organizations brought together to share collective expertise and capital, helping Alberta technology entrepreneurs increase their investment dollars and take their companies to new heights.
Launched with a $10 million investment from Alberta Enterprise Corporation, the Accelerate Fund provides additional financing options to early-stage technology companies.
Accelerate Fund I is managed by AVAC Ltd. with guidance from the Accelerate Fund Industry Committee (The A100), which was designed to serve as a “hands on” and extensive advisory network resource for the fund and its portfolio companies. The A100 manages the industry committee. Alberta Enterprise Corporation is a Limited Partner (LP).
As the fund manager, AVAC reviews applications; performs due diligence; rules on investment decisions; and provides ongoing support to portfolio companies.