Cenovus, Suncor commit to new $100 mln Evok cleantech fund
Evok Innovations, a partnership between BC Cleantech CEO Alliance, Cenovus Energy Inc and Suncor Energy Inc, has launched a new $100 million clean technology fund. The fund will invest in opportunities focused on developing and commercializing energy solutions that address environmental and economic challenges facing the oil and gas industry. Cenovus and Suncor, both integrated energy producers based in Calgary, have each committed up to $50 million in capital to Evok for a 10-year investment period. Founded in late 2015, Evok is led by CEO Marty Reed, formerly a partner at The Roda Group, a U.S. seed-stage venture capital firm.
14 January 2016•4 mins read
