BC Advantage Funds
Advantage is a venture capital corporation that invests in early-stage life science, technology and clean tech companies located in British Columbia. Our investors receive a 30% refundable tax credit from the BC Government on investments of up to $200,000 per year and the ability to redeem their shares at their net asset value five years after we invest their funds into eligible small businesses.
Advantage is the largest venture capital corporation in British Columbia.
In 2006, we received the Canadian Venture Capital Association Deal of the Year Award for achieving the highest return on a single investment (23.4X return on our investment in Aspreva Pharmaceuticals) realized in that year. Over the last five years, our Advantage Life Science Fund I has provided the highest returns of any retail fund in Canada.
We currently have over $70,000,000 under management and the BC government has provided us with an annual $20,000,000 tax credit allocation. To date, we have sold out our entire tax credit allocation every year before the conclusion of RRSP season.
- Website:
- http://www.bcadvantagefunds.com
- Categories:
- Venture Capital
- Address:
-
#1280 ? 885 West Georgia Stree
Vancouver, British Columbia, Canada
Blog Posts About BC Advantage Funds
BC Advantage Funds (VCC) Ltd. announced this morning that it is temporarily suspending redemptions of shares of the Advantage Venture Fund (AVF) and the Advantage Growth Fund (AGF). Frank... more
BC Advantage Funds announced today the recent closing of a $1.5 Million investment in In Motion Technology Inc. In Motion is a leader in mobile networking technologies that connect and manage... more
BC Advantage Funds announced today that it will change the name and investment focus of its Advantage Life Sciences Fund II to focus on investments in emerging BC-based growth companies. The name... more