Alberta Enterprise launches initiative to support creation of new
Alberta-based VC funds

EDMONTON, Sept. 9 /CNW/ - Alberta Enterprise, a fund of funds manager investing in venture capital (VC) funds focused on knowledge based industries, today announced an initiative to support the creation of new Alberta-based VC funds.

Alberta Enterprise is actively looking for professional investors with a demonstrated investment track record and operational expertise with early stage companies to manage a fund headquartered in Alberta. The focus of the fund will leverage the competitive advantages of the Alberta economy and focus on such sectors as energy technology, clean technology, information technology or life sciences.

In order to support the creation of new Alberta-based VC funds, Alberta Enterprise is prepared to provide a lead investment order, investing alongside other Limited Partners. In addition, Alberta Enterprise is able to support with fund formation.

"Our job is to foster the venture capital industry in Alberta," said Rod Charko, CEO, Alberta Enterprise. "We're providing more financial capacity to local fund managers and new funding options to entrepreneurs." Investment professionals are invited to visit the Alberta Enterprise website for more information and submit expressions of interest directly to [email protected].

About Alberta Enterprise: www.alberta-enterprise.ca

Alberta Enterprise is a fund of funds manager based in Alberta, Canada. We invest in technology venture capital funds that finance early-stage, knowledge-based companies. Our focus is on venture capital fund managers with a presence in Alberta, making investments in Alberta and abroad.

For further information: Jacquelynn Twarzynski, [phone]