BC Tech Fund
$100 million Venture Capital Fund of Funds
On December 8, 2015 Premier Clark announced that the Province of British Columbia is creating a $100 million venture capital fund-of-funds as part of the foundation of a comprehensive technology strategy aimed at stimulating growth in this fast-moving sector, creating jobs and strengthening a diverse economy.
The BC Tech Fund is managed by Kensington Capital Partners, which will make all investment decisions. Kensington was selected based on its strong performance and experience, which includes a history of positive investments in B.C.
In addition to the BC Tech Fund, Kensington will manage the $90M of capital currently committed through the BC Renaissance Capital Fund and build a more robust Provincial venture capital system by increasing the supply of local venture capital, and drawing other investors into B.C.
Go to #BCTECHStrategy to read more about the Government's role in expediting the growth of #BCTECH in our province.