Launch Academy and BDC Venture Capital to Work Together with Tech Startups in Gastown Office

Posted by Techvibes NewsDesk

Canada’s largest and most active institutional venture capital investor is moving into Launch Academy's headquarters in Gastown.

BDC Venture Capital and Launch Academy this morning unveiled an ongoing partnership that will see the two organizations work side-by-side to help promising tech startups reach their full potential.

“This marks a significant milestone for Vancouver’s startup ecosystem," says Launch Academy’s executive director Ray Walia. "Our aim is to ignite Vancouver’s startup ecosystem by providing resources for entrepreneurs."

"Having BDC Venture Capital join us in our space marks a milestone in what we have been working towards," he added. "BDC Venture Capital’s team of investment professionals maintains key relationships in the global VC and technology industries. Their presence will let entrepreneurs at Launch Academy benefit from their extensive reach coast to coast—and from their global perspective."

Startup companies working from Launch Academy will have access to prominent individuals from BDC VC, including Andrew Lugsdin, Geoff Catherwood, and Dion Madsen.

“We are delighted to see this partnership come to fruition. We look forward to working with Ray and his team to help build outstanding Canadian companies that generate growth, and create value and prosperity here in Vancouver,” said Lugsdin.

“Great ideas don’t just turn into great companies. Entrepreneurs need feedback and a robust ecosystem of supporters," Catherwood added. "Above all, they need smart money—investors who understand the marketplace, who share the entrepreneur’s passion for innovation, who can identify the potential of a great idea and then help unlock commercial success.”

Launch Academy's expanded space is now 12,000 square feet and can house more than 150 entrepreneurs.

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:
Launch Academy
Website:
http://www.launchacademy.ca
Location:
Vancouver, British Columbia, Canada

Launch Academy is a pre-accelerator program that helps entrepreneurs execute on their startups through education, mentorship, lean metrics and networking opportunities. Launch Academy has established an environment where ideas are vetted, business models are tested and successes are celebrated. Founded on the values of innovation, opportunities and accountability, Launch Academy addresses the lack of startup... 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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