Innovate Calgary and the Alberta Deal Generator have struck a strategic partnership with the Canadian National Stock Exchange.
The partnership aims to "enhance and support the technology and startup sector in Canada," according to Innovate Calgary. It's the first technology transfer office in Canada to develop a joint venture with CNSX.
The organization says that technology entrepreneurs and investors can now access the combined bench-strength of Innovate Calgary, ADG and CNSX: a commercialization centre, an angel network of investors, and a market for venture tech companies to list as they go public.
“CNSX is an innovative stock exchange with a focus on technology companies and the capital markets that support them. This partnership marks the natural evolution for CNSX as each party is strategically aligned to improve the financial environment for technology and industrial inn ovation companies,” explains Richard Carleton, CEO of CNSX.
Mark Francis, Western Canada Advisor for CNSX believes this initiative "will result in efficient application of this mandate and enhance growth capacity for technology companies.”
“This partnership launches a major initiative to magnify the Alberta technology capital market,” adds Peter Garrett, President, Innovate Calgary. “We are pleased to unite with CNSX. We look forward to this next step in focusing on investors as a major client group for us.”
“In partnering with CNSX we assert our intention to bring on many more angel investors who want to add tech deals to their portfolio and who understand how CNSX ca n provide another road to liquidity,” says Henry Kutarna, Executive Director, ADG. “We are now able to offer our investors another path to exit—something our tech entrepreneurs also appreciate.”