The Accelerate Fund supports the growth of early stage Alberta technology companies with a venture capital fund that matches angel investment. They are currently seeking qualified companies for the $23 million Accelerate Fund III
Accelerate Fund provides a source of funding as a first step in preparing for venture capital funding in the future execution of your business.
They invest in tech startups that are private, incorporated, and have a head office and more than 50% located in Alberta. They focus on information and communications technology, energy technology, life sciences, agriculture and biotech.
The Accelerate Fund seeks to bring multiple angel investors into deals and encourages collaboration among angels. They typically invest $250,000 into their first financing round with a new company. They require matching dollars from angel investors, which often results in a multiplier effect of two or three times the amount of their investment.
They have invested in DrugBank, Vertical City, G2V, Passportal.
We have covered a topic like this before. Link to previous post.
