TORONTO, April 10, 2017 /CNW/ - BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), is pleased to announce the appointment of Michelle Scarborough as Managing Director, Strategic Investments and Women in Tech.
Ms. Scarborough will lead the origination and execution of strategic investments initiatives led by BDC Capital to support the innovation ecosystem across Canada. She will also be responsible for managing BDC's $50-million investment in women-led technology start-ups, announced in November 2016 and other initiatives to support women in tech and venture capital.
"I am delighted to welcome Ms. Scarborough to our team," says Jérôme Nycz, Executive Vice President, BDC Capital. "She brings very impressive credentials to the position. She is a highly experienced Canadian venture capitalist and a widely recognized leader in the investment community, with an outstanding track record in the energy and technology sectors."
Ms. Scarborough will join BDC on April 17 and will be based in Toronto. She joins BDC Capital from Kensington Capital Partners Limited—a Canadian alternative asset management firm—where she was Senior Vice President responsible for the management of Kensington's fund of funds and direct investment activity in Western Canada including venture capital, private equity and infrastructure as well as their energy technology investments.
Ms. Scarborough is well positioned to champion BDC Capital's support for women entrepreneurs. She is Past Chair of the National Angel Capital Organization, a founder of the Women's Angel Network in Canada and an advisory member for Women in Energy and Private Equity. She led the establishment of the Ontario Emerging Technologies Fund and founded a number of start-ups, thus acquiring a deep understanding of the venture capital ecosystem in Canada and the United States.
Prior to joining Kensington, Ms. Scarborough was a Founder and Managing Partner of Fronterra Ventures, an oil and gas technology venture fund. An experienced entrepreneur, she also served as the Managing Director and Entrepreneur in Residence of the Regional Innovation Centre for Ottawa and Eastern Ontario, where her team worked with over 400 high-potential companies raising close to $100 million for portfolio clients to support scalable global growth projects.
Ms. Scarborough holds a Bachelor of Science and a Bachelor of Arts from the University of Calgary and has her Institute of Corporate Directors Designation from the University of Toronto Rotman School of Management. She currently sits on the Board of Horseshoe Power.
About BDC Capital
With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada's most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, visit bdc.ca/capital.
BDC is the only bank dedicated exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium-sized businesses. With its 110+ business centres from coast to coast, BDC provides businesses in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions. To find out more, visit bdc.ca.
SOURCE Business Development Bank of Canada
For further information: Maria Constantinescu, BDC, [email protected], 1-844-625-8321