Private Equity
Toronto-based commercialization hub MaRS Discovery District has launched a one-year pilot program to provide new apps to help manage energy consumption data in Ontario households and other venues. Apps from Energent, BuiltSpace, Eyedro and Zerofootprint will be made available to consumers serviced by Hydro One and London Hydro. The initiative is part of the Green Button Standard program, which is being promoted by MaRS Data Catalyst and the Ontario Ministry of Energy in partnership with private industry.
4 min read · 29 November 2013
OMERS Ventures, the venture capital investment arm of the Ontario Municipal Employees Retirement System, has made a strategic investment in OneEleven, an accelerator focused on the needs of entrepreneurs launching big data-related technology start-ups in the Toronto-Waterloo corridor. OMERS partnered with Ontario Centres of Excellence and Ryerson University in co-founding OneEleven, which will provide opportunities for entrepreneurs with proven track records to be part of a peer community that also includes venture capitalists, industry leaders, academics and public policy-makers.
5 min read · 27 November 2013
Yvon Bolduc, president and CEO of the Fonds de solidarité des travailleurs du Québec FTQ, this week presented a $2 billion proposal to the House of Commons Standing Committee on Finance intended to retain the federal tax credit for labour-sponsored venture capital funds, which is scheduled for phase-out by 2017. The proposal would see Québec labour funds commit $950 million to private Québec-based and Canadian venture capital funds, and make $1.05 billion in direct investments in innovative companies. The proposal would also decrease the federal cost of the tax credit program by a third, or approximately $300 million over 10 years.
3 min read · 27 November 2013
New York and Philadelphia-based VC firm INE Ventures said Wednesday that it has launched its first fund. No financial terms were disclosed. According to INE Ventures, the pool will provide seed funding to Israeli tech startups with the aim of helping them enter the U.S. market and become multinational companies.
4 min read · 27 November 2013
Fund of funds Cendana Capital II seeks $30 million; direct investment fund seeks $25 million.
1 min read · 26 November 2013
The University of Texas Investment Management Company has been an active growth fund investor for the past several years.
1 min read · 26 November 2013
Sponsored event reaches out to entrepreneurial community
2 min read · 26 November 2013
Seedrs will allow individuals invest as little as 10 pounds through its site and plans to tap investors across Europe
2 min read · 26 November 2013
Toronto-based commercialization hub MaRS Innovation has entered into a collaboration with Johnson & Johnson Innovation, and its affiliate Janssen Inc, to advance early-stage technologies related to human health in therapeutics, medical devices, and diagnostics. Under the terms of the three-year agreement, MaRS Innovation and the Johnson & Johnson Innovation Center in Boston, Mass. will jointly identify and fund high-potential opportunities emerging from research at MaRS Innovation's 16 member institutions, which include the University of Toronto and its teaching hospitals.
2 min read · 25 November 2013
It looks like analytics are becoming the crystal ball of venture capital.
3 min read · 25 November 2013
