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Bid Information

Title Venture Capital Catalyst Initiative - Clean Technology
Added on 2019-02-07
Closing Date 2019-03-01
Bid Link Click Here
Description he 2018 Fall Economic Statement introduced a new stream (Stream 3) under VCCI. This stream will invest $50 million into VC funds investing primarily in clean technology firms, helping Canada\'s innovative clean technology producers to bring their technologies to market. A thriving market for clean technology will help all firms across Canada improve their efficiency and lower their carbon pollution footprint.

Applicants under Stream 3 will be evaluated on a number of factors, including investment strategy, management capabilities, fundraising strategy, and overall impact on the Canadian venture capital ecosystem. All applicants are required to meet minimum thresholds of Canadian presence and investment levels, and to adhere to detailed code of conduct and reporting requirements, including a focus on gender and diversity. Detailed instructions on the application, submission and selection process can be found on the Call for Expressions of Interest (Stream 3).

Similar to Streams 1 and 2 of VCCI, an expert selection committee will make investment recommendations to the government for VCCI Stream 3 investments. An additional industry expert with experience in the clean technology sector will be added to the VCCI selection committee.
Organization Government of Canada
Location Ottawa, ON, Canada
Contact Name VCCI Secretariat
Email Capital@Canada.ca