Alberta Enterprise Corporation, the provincial government’s independent fund of funds manager, has invested $5 million in Panache Ventures’ new Canadian seed fund. This investment comes after Panache Ventures recently closed up to $25 million in deals, and the company is keen to support more seed-stage startups across Canada. Panache Ventures is led by former startup operators and angel investors who are well entrenched in the local ecosystem. Managing partner Patrick Lor is based in Calgary while managing partner Mike Cegelski and partner David Dufresne are from Montreal. The firm is looking to invest in companies innovating in emerging technologies, such as artificial intelligence, cybersecurity, and blockchain, as well as virtual reality, enterprise SaaS (software as a service), and data analytics. Panache Ventures said it is already studying several deals with the hope of developing a large-scale portfolio of seed-stage companies across the country. With a target fund size of $40 million, Panache Ventures plans to invest in about 140 startups over the next four years. For Panache, Calgary is a focal hub for its operations in the west where they see a vibrant and growing technology ecosystem ripe for investment opportunities. Alberta Enterprise Corporation finds Panache’s focus on early-stage funding to be a good fit to the company’s goal of providing access to capital to young companies through fund managers.
Research Money News
Applied Research Comes of Age - Second Edition Is Here!
The booklet “Applied Research Comes of Age” contains stories and messages from colleges and institutes across Canada, including details of leading-edge student projects, state-of-the-art facilities available for use by industry and innovative solutions being co-created by students, faculty and companies.Read More
Conference Proceedings 2019
The proceedings from the 18th Annual RE$EARCH MONEY Conference are now available. Catch up on anything you missed or re-visit the most interesting conference moments with in-depth coverage from Tim Lougheed. Download the proceedings now (free).Read More
Access to innovation spurs regional diversification and growth By: Dr. Mehdi Sheikhzadeh, Executive Dean, Applied Research & Innovation, Lambton College
|Applied PeR$pectives is a new monthly blog dedicated to highlighting the innovative work being done in the college and institute community.|
Fast Policy Facts
|December 12, 2018: Requiem for a National Network Program
Trending by Topic
RE$EARCH MONEY welcomes its readers to submit articles of either 650 or 1,000 words for its popular Opinion Leader page, on topics of interest to the research and innovation community. We also welcome Letters to the Editor and other feedback. If you would like to submit an article or if your organization has news or events that it would like to appear in RE$EARCH MONEY please contact Adity Das Gupta (email@example.com) for further information.
- National Research Council
- Natural Sciences and Engineering Research Council
- Canada Foundation for Innovation
- Canadian Institutes of Health Research
- Univ of Toronto
- Univ of British Columbia
- Technology Partnerships Canada
- Natural Resources Canada
- McGill Univ
Research Money on Twitter
- Loading tweets...