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Early Stage Venture Fund – This fund is currently fully committed

The Early Stage Venture Fund moneys are intended to be used to invest in qualified early stage venture capital Limited Partnerships. Preference will be given to locally-managed funds.

Key criteria for evaluation to determine the strategic fit of any Limited Partnership opportunity includes: A strong local presence, including one or more Alberta offices.

Focus on investments in early stage ventures in one or more of the ICT, life sciences and other industrial technology sectors.

Professional, high calibre, experienced general partner(s) and fund manager(s) able to attract significant private capital leverage and support the likelihood of financial success.

The general partners shall make direct investments in individual companies based on appropriate and effective due diligence and sound business practices.

AVAC is a highly respected leader within Alberta’s burgeoning value-added industry and the architect behind Alberta’s emerging venture capital sector. As Alberta’s leading fund-of-fund investor in early-stage venture capital, we have committed $22 million to establish three early-stage venture capital funds in Alberta, with a combined total of $269 million in available funds.

In the past year, these venture capital funds have already made three investments into Alberta companies, demonstrating the importance of making venture capital and expertise available here in Alberta. The fact that all three of these investments were AVAC investees shows that the work we do readies our portfolio companies for successful venture capital investment.