Edmonton, Alberta, Canada-based Brass Dome Ventures announced the launch of the Brass Fund One venture fund with a mission of investing in early-stage, inventor-led companies that have emerged from local universities.
Current investors in Brass Fund One include business leaders from the Alberta region, who have contributed CAD$1 million to launch the inaugural fund.
The fund intends to provide investments of up to CAD$500k to as many as three eligible companies, thus seeding the Alberta innovation ecosystem with innovative start-ups that provide jobs and enhance the region’s economy.
Brass Fund One is focused on investing in companies across a range of industries that have built a strong foundation of intellectual property and demonstrated a clear differentiation from their competition. The fund’s first portfolio company is a technology start-up that has developed a system for generating high frequency solid-state microprocessor chips that are able to deliver a significantly greater level of power than are available in current microprocessors to fuel the next generation of smart phones and other mobile devices.
Led by Christopher Micetich, CEO, Brass Dome Ventures is a management and business consultancy that collaborates with innovative and visionary companies in the strategic planning and execution of their goals and objectives.
A second fund, Brass Fund Two, is expected to be launched in 2023 that will seek to invest in more established companies that are generating revenues but still require additional capital and business support to take their enterprise to the next stage of their evolution. Entrepreneurs interested in being considered for investment in either Brass Fund One or Two are invited to submit a business plan to Brass Dome Ventures at [email protected].
FinSMEs
04/02/2023