MaRS, Virgin Unite partner in launch of $5 mln impact VC fund
Toronto-based commercialization hub MaRS Discovery District and Virgin Unite Canada have announced a partnership that includes a new venture capital fund. The fund has been seeded with $1.5 million by Virgin Unite, Mindset Social Innovation Foundation and other sources to invest in Canadian early-stage for-profit companies with a core social or environmental mission. MaRS, which will manage the fund, will continue raising capital up to a total of $5 million. The partnership will also support several Canadian accelerator programs, including MaRS' Impact8, RADIUS Ventures and Esplanade.
12 December 2014•4 mins read
