BDC Capital Partners with the Rotman School's Creative Destruction Lab

Posted by Techvibes NewsDesk

BDC Capital has entered into a three-year partnership with the University of Toronto Rotman School of Management's Creative Destruction Lab high-tech venture accelerator.

BDC Capital says it will be involved "in all aspects of the accelerator program," including having a seat on CDL's advisory board. Graduates of the CDL program will also now be eligible for BDC Capital's convertible note investment program.

The Creative Destruction Lab has been in operation since 2012 and in that time has already generated more than $100 million in equity value. Its aim is to reach $1 billion.

Prior to concluding this partnership, BDC Capital had already invested in six CDL graduates: OTI Lumionics, Whirlscape, PiinPoint, PUSH Design Solutions, LINKETT, and Kiwi Wearables.

Since 2012, BDC Capital has invested a total of $13.2 million in 87 companies nationwide via its convertible note investment program, with private investors putting up an additional $38 million.

"We are looking to support as many of Canada's high-potential early-stage companies as we can, while connecting them to the mentorship and private investments that they need," says Dominique Bélanger, Vice-President, Strategic Investments and Partnerships at BDC Capital,

BDC has other ongoing partnerships with GrowLab, Extreme Startups, HYPERDRIVE, FounderFuel, Execution Labs, Launch36, and Canada's Department of Foreign Affairs and International Trade's Canadian Technology Accelerators (CTA) program in the United States. Last June, BDC Capital also announced a collaboration with health sciences accelerator Accel-Rx.

The application period for the third cohort of Creative Destruction Lab closes August 28.  Interested ventures can apply here.

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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