Ontario seeks VC to manage $55 mln-seeded cleantech fund
Ontario Capital Growth Corp (OCGC), the Ontario government's venture capital agency, has launched a search process for one or more managers to help it form and administer a proposed Cleantech Equity Fund. The fund, which will be anchored with $55 million authorized by the 2016 Ontario Budget, will focus on investing in high-growth clean technology companies located in the province. The government's anchor commitment is expected to leverage a minimum of 1.5x its weight in commitments from other investors. OCGC said it will participate in the fund on the same terms as other limited partners.
16 January 2017•3 mins read
