BDC Capital, the investment arm of BDC, is launching the $250m Industrial Innovation Venture Fund.
The new fund will invest in tech companies and entrepreneurs accelerating the transformation of core Canadian industries including:
- agriculture and food technologies,
- resource extraction technologies, and
- advanced manufacturing.
The Industrial Innovation Venture Fund will invest in early to late stage firms with the ambition to drive marked improvements in productivity and competitiveness across the value chains of the core competitive industries that are the backbone of the Canadian economy, through combinations of innovative and transformative technologies, processes, and business models.
BDC Capital is also adding Joe Regan as the fund’s Managing Partner. He brings deep venture capital expertise and an industrial operating perspective that positions him to lead the fund and deliver on its goals.