(September 23 – 11:40 ET) – Working Ventures Canadian Fund in partnership with Conestoga College, Wilfrid Laurier University and the University of Waterloo will officially launch a $5 million investment vehicle.
Waterloo Ventures will finance early-stage high technology companies in the Kitchener-Waterloo region, one of Ontario’s fastest growing technology regions.
The new Fund will make initial investments of up to $250,000 and follow-on investments of up to a total of 20% of the fund in companies with less than $1 million in assets.
The sponsorship of Waterloo Ventures by Conestoga College, Wilfrid Laurier University and the University of Waterloo will allow young companies affiliated with these schools access to educational resources in both technical and non-technical fields. Further, Waterloo Ventures provides early stage capital for companies that are coming out of these institutions that was previously more difficult to access.
The Fund targets the internet and computer networking sectors as areas with very high growth potential.
-IE Staff
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