TORONTO and BANFF, AB, Nov. 22, 2013 /CNW/ - BDC Venture Capital and the
National Angel Capital Organization ("NACO") are proud to announce the
renewal of their national partnership for the third consecutive year.
This partnership will focus on the strengthening of Canada's Angel
investing community by identifying, standardizing, and sharing industry
best practices across the country.
"BDC Venture Capital is an important national partner of NACO. BDC
Venture Capital's support of early-stage startup companies is crucial
to the Canadian economy and our partnership is a natural fit for us as
we look to accelerate a thriving early-stage investing ecosystem
critical to innovation and economic growth," says NACO Chair Michelle
Scarborough. "The financial support received from BDC enables us to
continue to provide trusted intelligence on Angel investing in Canada
which leads to the creation and sharing of best practices among Angel
investors and increased benefits for Canada. We look forward to what we
can accomplish with BDC Venture Capital in the coming years."
BDC Venture Capital and NACO formally announced their partnership today
at the 2013 National Angel Summit, hosted by NACO in Banff, Alberta, of
which BDC Venture Capital is a Platinum-level sponsor. Dominique
Belanger, Vice-President, Strategic Investments & Initiatives at BDC
Venture Capital, was in attendance to make the announcement.
"Angel investment helps drive Canadian innovation and competitiveness.
As the number of Angel deals in Canada continues to rise, we are
committed to working with NACO to help raise the bar for the Canadian
Angel community, which should lead to increased returns for Angels and
increased benefits for the Canadian economy," states Mr. Bélanger. "BDC
Venture Capital has always placed strong emphasis on the development of
the Canadian Angel community. Organizations like NACO play a pivotal
role in providing us with a picture of how the Canadian Angel investing
landscape is evolving. This helps us all make more informed decisions
and better understand the future direction of Angel investment." This
partnership is one of many strategic initiatives led by BDC Venture
Capital to bolster the Canadian early-stage venture ecosystem.
About BDC Venture Capital
With more than $1 billion under management and more than 25 years of
industry experience, BDC Venture Capital is an investor of choice
focusing on IT, health and energy/cleantech companies, as well as
venture funds, with high growth potential. From seed through expansion
to exit, their mandate is to help build outstanding Canadian companies,
while working to create a sound financial ecosystem for Canadian
technology ventures. Find out more at www.bdc.ca/vc or on Twitter @BDC_VC.
About the National Angel Capital Organization
The National Angel Capital Organization accelerates a thriving,
early-stage investing ecosystem in Canada by connecting individuals,
groups, and other partners that support Angel-stage investing. NACO
provides intelligence, tools and resources for its members; facilitates
key connections and networks across borders and industries; and
promotes a strong Canadian Angel investment asset-class. For more
information please visit www.nacocanada.com or follow us on Twitter @AngelCapCanada.
SOURCE: National Angel Capital Organization
For further information:
Manager, Public Relations
BDC Venture Capital
Marketing and Events Manager
National Angel Capital Organization
416-581-0009 x 2