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BIC Signs Memoranda of Understanding with Venture Capital Firms

By City Staff

SARNIA, Ontario - A key element to the success of Bioindustrial Innovation Canada (BIC) is its ability to lever its investment funding by forming strong working alliances with other venture capital funding organizations.  These partnerships ensure that investee companies have sufficient capital to achieve their goals. BIC is pleased to announce the signing of Memorandum of Understanding (MOU) with each of five key venture capital firms investing in the Canadian bioeconomy and cleantech space. 

BIC is pleased to announce the signing of Memorandum of Understanding (MOU) with each of five key venture capital firms investing in the Canadian bioeconomy and cleantech space.  It is the intention of these companies to work with BIC to seek out potential co-investment opportunities.  Should an opportunity arise, these parties agree to exchange information as required to assess the potential of an investment.  However, each party remains free to make its own investment decision.

The five organizations that have executed these agreements with BIC are:

  • ArcTern Ventures, Toronto, ON

  • Cycle Capital Management

    • Montreal, QC

    • Toronto, ON

    • Qingdao, China

    • New York and Seattle, United States

  • Fraser Mackenzie Merchant Capital, Toronto, ON

  • GreenSky Capital, Toronto, ON

  • Sofinnova Partners, Paris, France

Sandy Marshall, Executive Director of BIC said, “We are extremely pleased to have such significant organizations in the bioeconomy and cleantech investment space indicate their willingness to partner with BIC to seek investment opportunities.  This enhances BIC’s ability to support early stage companies with clean, green and sustainable technologies for the benefit of Ontario and Canada.”


For more information please contact:

Wayne Maddever,
Advisor and Portfolio Manager, Bioindustrial Innovation Canada
Email: waynem@bincanada.ca
Tel: 226-778-0020 ext. 248

 

Original article: https://www.bincanada.ca/single-post/2017/11/21/BIC-Signs-Memoranda-of-Understanding-with-Venture-Capital-Firms

This article was posted Tuesday, November 21, 2017 11:03 AM

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