Today, Alberta Enterprise announced a second early-stage fund called Accelerate Fund II with a $10 million investment. This Fund will focus on providing startup capital to Alberta-based companies concentrated in the sectors of information and communication technology, clean and energy technology, life sciences, as well as agriculture and biotech. Yaletown Partners will manage Accelerate Fund II with The A100 acting as operators of the industry committee.
“Yaletown is honoured to have been chosen as the fund manager for Accelerate Fund II. We look forward to working closely with The A100 and the local ecosystem to build globally successful technology and innovation-based companies in Alberta. Given our strong track record, we are excited by the opportunity to help early-stage technology companies, shape the local innovation ecosystem, and drive excellent returns for our investors,” said General Partner Brad Johns, Yaletown Partners.
The mandate of this new fund is to support early stage technology companies and continue to build the Alberta innovation ecosystem. View Yaletown’s research on the varying capital gaps across the nation’s regions – Canada’s Technology Ecosystems – How Canada’s different tech regions vary in maturity.
Author: Yaletown Partners