Alberta Entreprise Corp. to invest $10M in local startups
Venture capital group to launch new fund worth to boost tech sector
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The Alberta Enterprise Corporation is creating an angel investment fund to benefit local startup entrepreneurs.
The government-created venture capital group announced Monday it is launching a new fund worth $10 million aimed at boosting an “emerging pool of excellent early-stage tech companies,” according to a release.
Yaletown Partners, a private equity fund, will manage the new fund, and Alberta-based tech non-profit, The A100, will operate as its industry committee.
“It is our aim that with this latest deployment of capital Alberta technology jobs and innovations will continue to expand,” Alberta Enterprise CEO Kristina Williams said, in a release.
“This funding will help early stage tech companies access the money and resources they need to stay and grow here."