Sustainability Venture Fund
The Sustainability Venture Fund, established by the Business Development Bank of Canada (BDC), is a $150 million initiative aimed at investing in early-stage Canadian companies developing technologies that contribute to a net-zero economy.
- BDC
Overview of the Sustainability Venture Fund program:
Launched in April 2023, the Sustainability Venture Fund focuses on supporting businesses that align with four key United Nations Sustainable Development Goals (SDGs): Sustainable cities and communities Responsible consumption and production Climate action Affordable and clean energy The fund targets companies with Software as a Service (SaaS), hardware-enabled software, and software-led business models. It invests in seed to Series A and B rounds, emphasizing scalable and economically durable Canadian companies that are creating sustainability-enhancing technology systems with light capital requirements over time.
Benefits of the Sustainability Venture Fund program:
- Access to significant capital for scaling operations
- Support from BDC's extensive network and resources
- Alignment with global sustainability goals
- Potential for follow-on investments as companies grow
Eligibility criteria of the Sustainability Venture Fund program:
- Eligible companies must be:
- Canadian-based
- Developing technologies that align with the specified SDGs
- Operating with SaaS, hardware-enabled software, or software-led business models
- At the seed, Series A, or Series B funding stages
- Demonstrating scalability and economic durability with light capital requirements
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