BDC VC Renews Partnership with NACO to Strengthen Canada's Angel Investing Ecosystem

Posted by Techvibes NewsDesk

Today BDC Venture Capital and the National Angel Capital Organization announced the renewal of their national partnership for the third consecutive year.

The partnership focuses on strengthening Canada’s angel investing community by identifying, standardizing, and sharing industry best practices across the country.

BDC Venture Capital and NACO formally announced their partnership today at the 2013 National Angel Summit, hosted by NACO in Banff.

“Angel investment helps drive Canadian innovation and competitiveness. As the number of Angel deals in Canada continues to rise, we are committed to working with NACO to help raise the bar for the Canadian Angel community, which should lead to increased returns for Angels and increased benefits for the Canadian economy," said Dominique Belanger, Vice-President, Strategic Investments & Initiatives at BDC Venture Capital.

“BDC Venture Capital has always placed strong emphasis on the development of the Canadian Angel community. Organizations like NACO play a pivotal role in providing us with a picture of how the Canadian Angel investing landscape is evolving," he continued. "This helps us all make more informed decisions and better understand the future direction of Angel investment.”

"BDC Venture Capital’s support of early-stage startup companies is crucial to the Canadian economy and our partnership is a natural fit for us as we look to accelerate a thriving early-stage investing ecosystem critical to innovation and economic growth,” added NACO Chair Michelle Scarborough. “The financial support received from BDC enables us to continue to provide trusted intelligence on Angel investing in Canada which leads to the creation and sharing of best practices among Angel investors and increased benefits for Canada."

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

Company:
National Angel Capital Organization
Website:
http://www.nacocanada.com
Location:
Toronto, Ontario, Canada

The National Angel Capital Organization (NACO) accelerates a thriving, early-stage investing ecosystem in Canada by connecting individuals, groups, and other partners that support Angel-stage investing. NACO provides intelligence, tools and resources for its members; facilitates key connections across borders and industries; and advocates for Angel asset-class issues. NACO incorporated as a non-profit in 2002 to... 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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