TORONTO, March 18, 2014 /CNW Telbec/ - MaRS Discovery District's Centre
for Impact Investing and the Business Development Bank of Canada (BDC)
have joined forces to boost support for Canadian entrepreneurs who are
building social purpose businesses and to help strengthen the impact
investing marketplace in Canada.
Social purpose firms create social or environmental value, while
generating financial returns. This includes investments that produce a
return of principal capital to offering market-rate or even
market-beating financial returns.
The new agreement will see BDC support entrepreneurs in MaRS' Impact8
program with advice. Impact8 is a social venture boot camp that aims to fast-track social enterprises and social purpose
businesses to help them reach investment readiness. BDC's small
business experts will also provide financing for ventures that are
"This partnership is a great opportunity to build national momentum in
support of impact investing. Growth businesses that also strengthen
the fabric of our society or improve the quality of our environment are
critical to Canada's future," said Ilse Treurnicht, CEO of MaRS. "In
working with MaRS and BDC, these extraordinary entrepreneurs will
access a critical national network, expanding their market reach and
connections to much-needed capital. In doing so, they will make a
"We want to be where these social entrepreneurs are and many are at
MaRS," said Craig Ryan, Director of Corporate Social Responsibility at
BDC. "To succeed, these companies need financing and sometimes advice.
Our expertise lies in providing both."
BDC will also co-host four MaRS Impact Venture Fairs—a social entrepreneur pitch fair—in major Canadian cities and provide
office space in its Montreal headquarters for a visiting employee from
the MaRS' Centre for Impact Investing.
Canada's business development bank, BDC, puts entrepreneurs first. With
almost 2,000 employees and more than 100 business centres across the
country, BDC offers financing, subordinate financing, venture capital,
securitization and consulting services to more than 28,000 small and
medium-sized companies. Their success is vital to Canada's economic
MaRS Discovery District (@MaRSDD) is a mission-driven innovation centre located in Toronto. MaRS works
with partners to catalyze, accelerate and amplify innovation. MaRS
supports entrepreneurs building Canada's next generation of growth
companies. MaRS' ventures have created over 4,000 jobs and, in the last
three years alone, they have raised over $750 million in capital and
earned over $375 million in revenue.
About the MaRS Centre for Impact Investing
The MaRS Centre for Impact Investing works to increase the awareness and
the effectiveness of social finance with the aim of driving new
capital, talent, and initiatives dedicated to tackling social and
SOURCE: BDC Venture Capital
For further information:
Senior Advisor, Public Relations -BDC