TEC Edmonton and VA Angels Edmonton to Merge

Posted by Techvibes NewsDesk

Two of Canada’s largest angel investor networks, TEC Edmonton and VA Angels Edmonton Chapter, are merging to become TEC Venture Angels.

TEC Venture Angels will build a bigger investor network, offer investment services and streamline connections between Northern Alberta angel investors and regionally-based early stage tech companies. A more sophisticated entrepreneur class and a healthier innovation ecosystem in Northern Alberta will result.

TEC Venture Angels will be run by not-for-profit innovation business incubator and accelerator TEC Edmonton. TEC Edmonton will initially screen, then assist start-up companies wishing to approach TEC Venture Angels for investment capital. No government money will be invested. Start-up companies will pay no fees or commissions to TEC Venture Angels.

In the last two years, operating independently, TEC Edmonton and VA Angels Edmonton have helped early stage companies raise more than $100 million.

VA Angels Edmonton leader Randy Thompson will be Director of TEC Venture Angels.

Company:
VA Angels
Website:
http://www.vaangels.com
Location:
Calgary, Alberta, Canada

VA Angels is one of the leading Canadian angel groups and is one of the largest gatherings of business angels. Established in 2003, VA Angels has been in operation for the past ten years. The group has grown over the years and now has over 100 accredited investor members. Since its inception, the members of VA Angels have done 57 deals for $28.3 million. Formally, Venture Alberta Forum the new VA Angels brand was... more

Company:
TEC Edmonton
Website:
http://www.tecedmonton.com
Location:
Edmonton, Alberta, Canada

Accelerator and incubator of innovative, high-tech startup companies in the Greater Edmonton region. Exclusive technology transfer agent for the University of Alberta. TEC Edmonton is a not-for-profit joint venture between the University of Alberta and Edmonton Economic Development Authority. 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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