StartingStartups Capital Corp., manager of StartingStartups Investment Fund, announced today that it has received approval of the final prospectus for its Ottawa-based labour sponsored fund and the fund is now available to Ontario residents. It will concentrate on the information technology sectors in Ottawa and Waterloo. The fund will be sold through the distribution network of Talvest Fund Management.

In addition to being a labour sponsored fund, StartingStartups Investment Fund is also eligible under the Research Oriented Investment Fund program for 2002. As a result, Ontario residents will receive a 35% tax credit instead of the 30% offered by non-ROIF funds.

The fund will be investing in diversified seed and early stage technology companies at a time that is opportune to build a portfolio in this sector.

SSIF will be managed by StartingStartups Capital Corp., which is led by Doug Hewson, Peter Low, and Dr. Kevin Goheen.