AVAC accepts proposals seeking investment or funding assistance in agrivalue™ and renewable resources ideas and innovation. Each application is reviewed for suitability for investment by AVAC. All investments require the submission of an application. AVAC offers three unique investment programs, each with their own application form and process:
Pre-Commercial and Entrepreneurial Projects
Agrivalue™ | Ag Research | IVAC Capacity Builder
Investments in private sector initiatives are made with the expectation that successful commercial ventures will reinvest in the associated AVAC seed capital funds. Normally, investment return is based on a royalty approach, calculated as a percentage of gross revenue of the client business, or of a specific new product or service.
Research & Strategic and Ag Research Initiatives
Agrivalue™ | Ag Research
Investments in public sector or industry initiatives are made following the receipt of an AVAC proposal or other supporting documentation. To date, these enabling investments have included initiatives that provide broad public good benefits, such as support to formal education institutes, investments in the recruitment of lead scientists in targeted areas and investment in Ag Research programs), the Food Safety Initiative, as well as investments in more targeted research projects.
Early Stage Venture Limited Partnerships
IVAC Early Stage Venture Fund
Investments in one or more early stage venture capital Limited Partnerships that are deemed to fit strategically with the objective to invest in Alberta’s ICT, life sciences and other industrial technology sectors.