BDC Venture Capital Backs Accelerators Across Canada With Follow-On Funding

Posted by Rob Lewis

BDC Venture Capital announced today that it will issue up to $6 million in convertible notes over two years to graduates of Montreal's FounderFuel.

Some 40 young enterprises from all over the country in the web, mobile, software as a service (SaaS), and gaming fields, will each be eligible for a $150,000 BDC convertible note upon their successful completion of FounderFuel's 12-week, mentor-driven business "boot camp".

The investment is part of BDC Venture Capital's larger commitment towards accelerators across the country. Vancouver's GrowLab and Toronto's Extreme Startups has also announced that a $150K BDC convertible note in follow-on funding will be available to successful graduates of their programs.

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

With more than $1 billion under management and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well as venture funds, with high growth potential. From seed through expansion to exit, their mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian... more

Company:
FounderFuel
Website:
http://www.founderfuel.com
Location:
Montréal, Québec, Canada

At FounderFuel we believe startup success is more about the people than the idea. We take a lot of care in choosing the smartest and most resourceful, dedicated and passionate people we can find. Once selected to join the program, you’ll be surrounded by a few like-minded entrepreneurial teams for an 12 intense weeks. You will be developing your business within an ecosystem of experienced entrepreneurs, top... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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