Alberta Enterprise secures $50 mln to back Alberta VC, tech sectors
Canadian fund-of-funds manager Alberta Enterprise Corp (AEC) has obtained $50 million from the provincial government. The commitment, which will be deployed in two tranches over the next two years, will be used to support venture capital investment in Alberta-based startup and early-stage technology companies. Founded in 2008, AEC previously committed $100 million to eight venture funds and the Accelerate Fund LP. By partnering with other investor groups, it estimates that every $1 committed by AEC leverages about $4 of investments into Alberta companies. AEC is led by President and CEO Kristina Williams.
2 November 2015•3 mins read
